Exculpation; Indemnification. 5.1 The Trusts shall not be liable to the Authorized Firm and the Authorized Firm shall not be liable to the Trusts 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 Trusts or by the Authorized Firm of compliance with any applicable law, rule, or regulation.
Appears in 3 contracts
Samples: Participation Agreement (Jefferson National Life Annuity Account G), KILICO Variable Annuity Separate Account - 3, KILICO Variable Annuity Separate Account - 3
Exculpation; Indemnification. 5.1 The Trusts Trust shall not be liable to the Authorized Firm and the Authorized Firm shall not be liable to the Trusts 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 Trusts Trust or by the Authorized Firm of compliance with any applicable law, rule, or regulation.
Appears in 3 contracts
Samples: Participation Agreement (Jefferson National Life Annuity Account G), Profunds, Profunds
Exculpation; Indemnification. 5.1 The Trusts Trust shall not be liable to the Authorized Firm and the Authorized Firm shall not be liable to the Trusts 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 Trusts Trust or by the Authorized Firm of compliance with any applicable law, rule, or regulation.
Appears in 1 contract
Samples: Administrative Services Agreement (Lincoln Life Flexible Premium Variable Life Account JF-A)
Exculpation; Indemnification. 5.1 5.1. The Trusts Trust shall not be liable to the Authorized Firm and the Authorized Firm shall not be liable to the Trusts 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 Trusts Trust or by the Authorized Firm of compliance with any applicable law, rule, or regulation.
Appears in 1 contract
Samples: Variable Insurance Funds
