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Common use of Exercise of Reasonable Care Clause in Contracts

Exercise of Reasonable Care. The Custodian will exercise reasonable care, prudence, and diligence in performing its responsibilities under this Article III. With respect to the Risk Analyses provided or monitoring performed by an agent, the Custodian will exercise reasonable care in the selection of such agent, and shall be entitled to rely upon information provided by agents so selected in the performance of its duties and responsibilities under this Article III.

Appears in 86 contracts

Samples: Mutual Fund Custody and Services Agreement (Ivy Variable Insurance Portfolios), Mutual Fund Custody and Services Agreement (Ivy Funds), Mutual Fund Custody and Services Agreement (Delaware Investments National Municipal Income Fund)

Exercise of Reasonable Care. The Custodian will exercise reasonable care, prudence, and diligence in performing its responsibilities under this Article III. With respect to the Risk Analyses provided or monitoring performed by an agent, the Custodian will exercise reasonable care in the selection of such agent, and shall be entitled to rely upon information provided by agents so selected in the performance of its duties and responsibilities under this Article III, unless the Custodian knows or should have known such information to be incorrect, incomplete or misleading.

Appears in 40 contracts

Samples: Mutual Fund Custody and Services Agreement (Dreyfus Dynamic Alternatives Fund, Inc.), Mutual Fund Custody and Services Agreement (Dreyfus Premier Manager Funds), Mutual Fund Custody and Services Agreement (Dreyfus Premier Tp Balanced Fund)

Exercise of Reasonable Care. The Custodian will exercise reasonable care, prudence, and diligence in performing its responsibilities under this Article III. With respect to the Risk Analyses provided or monitoring performed by an agent, the Custodian will exercise reasonable care in the selection of such agent, and shall be entitled to rely upon information provided by agents so selected in the performance of its duties and responsibilities under this Article IIIIII unless the Custodian knows or should have know such information to be incorrect, incomplete or misleading.

Appears in 6 contracts

Samples: Mutual Fund Custody and Services Agreement (Gabelli Utility Trust), Mutual Fund Custody and Services Agreement (Gabelli Equity Trust Inc), Mutual Fund Custody and Services Agreement (Gabelli Utility Trust)

Exercise of Reasonable Care. The Custodian will exercise reasonable care, --------------------------- prudence, and diligence in performing its responsibilities under this Article III. With respect to the Risk Analyses provided or monitoring performed by an agent, the Custodian will exercise reasonable care in the selection of such agent, and shall be entitled to rely upon information provided by agents so selected in the performance of its duties and responsibilities under this Article III.

Appears in 2 contracts

Samples: Mutual Fund Custody and Services Agreement (Lincoln Variable Insurance Products Trust), Mutual Fund Custody and Services Agreement (Lincoln Advisors Trust)

Exercise of Reasonable Care. The Custodian will exercise reasonable care, prudence, and diligence in performing its responsibilities under this Article III. With respect to the Risk Analyses provided or monitoring performed by an agent, the Custodian will exercise reasonable care care, prudence, and diligence in the selection of such agent, and shall be entitled to rely upon information provided by agents so selected in the performance of its duties and responsibilities under this Article III.

Appears in 1 contract

Samples: Mutual Fund Custody and Services Agreement (Dean Family of Funds)

Exercise of Reasonable Care. The Custodian will exercise reasonable care, prudence, and diligence in performing its responsibilities under this Article III. With respect to the Risk Analyses provided or monitoring performed by an agent, the Custodian will exercise reasonable care in the selection of such agent, and shall be entitled to rely upon information provided by agents so selected in the performance of its duties and responsibilities under this Article III.

Appears in 1 contract

Samples: Mutual Fund Custody and Services Agreement (Wm Trust I)

Exercise of Reasonable Care. The Custodian will exercise reasonable care, prudence, and diligence in performing its responsibilities under this Article IIIII. With respect to the Risk Analyses provided or monitoring performed by an agent, the Custodian will exercise reasonable care in the selection of such agent, and shall be entitled to rely upon information provided by agents so selected in the performance of its duties and responsibilities under this Article IIIII, unless the Custodian knows or should have known such information to be incorrect, incomplete or misleading.

Appears in 1 contract

Samples: Foreign Custody Manager and Information Services Agreement (WPG Large Cap Growth Fund)