Exculpation; Indemnification. (a) The Trust shall not be liable to Authorized Firm and Authorized Firm shall not be liable to the Trust except for acts or failures to act which constitute lack of good faith or gross negligence and for obligations expressly assumed by either party hereunder. Nothing contained in this Agreement is intended to operate as a waiver by the Trust or by Authorized Firm of compliance with any applicable federal or state law, rule, or regulation and the rules and regulations promulgated by the National Association of Securities Dealers, Inc.
Appears in 8 contracts
Samples: Services Agreement (Jefferson National Life Annuity Account G), Pimco Variable Insurance Trust (Allianz Life Variable Account B), Pimco Variable Insurance Trust (Allianz Life of Ny Variable Account C)
Exculpation; Indemnification. (a) The Trust shall not be liable to Authorized Firm the Company and Authorized Firm the Company shall not be liable to the Trust except for acts or failures to act which constitute lack of good faith or gross negligence and for obligations expressly assumed by either any party hereunder. Nothing contained in this Agreement is intended to operate as a waiver by the Trust or by Authorized Firm the Company of compliance with any applicable federal or state law, rule, or regulation and the rules and regulations promulgated by the National Association of Securities Dealers, Inc.
Appears in 4 contracts
Samples: Services Agreement (Pimco Variable Insurance Trust), Services Agreement (PIMCO Equity Series VIT), Services Agreement (Pimco Variable Insurance Trust)
Exculpation; Indemnification. (a) a. The Trust shall not be liable to Authorized Firm and Authorized Firm shall not be liable to the Trust except for acts or failures to act which constitute lack of good faith or gross negligence and for obligations expressly assumed by either party hereunder. Nothing contained in this Agreement is intended to operate as a waiver by the Trust or by Authorized Firm of compliance with any applicable federal or state law, rule, or regulation and the rules and regulations promulgated by the National Association of Securities Dealers, Inc.
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