Employment of Agents. JPMS may employ agents or subcontractors in the performance of its Obligations under this Agreement. The appointment of any such agent or subcontractor pursuant to this Section 15(a) shall not relieve JPMS of any of its Obligations under this Agreement. Notwithstanding the foregoing, no Depository shall be considered an agent or subcontractor of JPMS and JPMS shall have no liability for any loss or damage arising out of the insolvency, acts or omissions of any Depository used by it or one of its agents, subcontractors or sub-custodians.
Appears in 10 contracts
Samples: Institutional Account Agreement (Ceres Tactical Macro L.P.), Institutional Account Agreement (Meritage Futures Fund L.P.), Institutional Account Agreement (Ceres Tactical Currency L.P.)
Employment of Agents. JPMS may employ agents or subcontractors in the performance of its Obligations under this Agreement. The appointment of any such agent or subcontractor pursuant to this Section 15(a) shall not relieve JPMS of any of its Obligations under this Agreement. Notwithstanding the foregoing, no Depository shall be considered an agent or subcontractor of JPMS and JPMS shall have no liability for any loss or damage arising (MKL) Standard Form IAA 2017-02-15 out of the insolvency, acts or omissions of any Depository used by it or one of its agents, subcontractors or sub-custodians.
Appears in 8 contracts
Samples: Institutional Account Agreement (Global Diversified Futures Fund L.P.), Institutional Account Agreement (Tactical Diversified Futures Fund L.P.), Institutional Account Agreement (Diversified 2000 Futures Fund L.P.)
