Common use of General Standard of Care Clause in Contracts

General Standard of Care. The Custodian shall exercise reasonable care and diligence in carrying out all of its duties and obligations under this Agreement, and shall be liable to the Fund for all Losses suffered or incurred by the Fund resulting from the failure of the Custodian to exercise such reasonable care and diligence. For purposes of this Agreement, "Losses" means any losses, damages, and expenses.

Appears in 18 contracts

Samples: Custodian Agreement (DWS Advisor Funds), Custodian Agreement (Kemper Global Income Fund), Custodian Agreement (Latin America Dollar Income Fund Inc)

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General Standard of Care. The Custodian shall exercise ------------------------ reasonable care and diligence in carrying out all of its duties and obligations under this Agreement, and shall be liable to the Fund for all Losses suffered or incurred by the Fund resulting from the failure of the Custodian to exercise such reasonable care and diligence. For purposes of this Agreement, "Losses" means any losses, damages, and expenses.

Appears in 1 contract

Samples: Custodian Agreement (Brazil Fund Inc)

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