Common use of Liability for Acts of Others Clause in Contracts

Liability for Acts of Others. No Trustee shall be liable for the acts or omissions of a Member, the Custodian, the Administrator, the Investment Committee or any Investment Manager except with respect to any acts or omissions of any such party in which the Trustee participates knowingly or which the Trustee knowingly undertakes to conceal, and which the Trustee knows constitutes a breach of fiduciary responsibility of such party.

Liability for Acts of Others. No Trustee shall be liable for the acts or omissions of a Member, the Custodian, the Administrator, the Investment Committee or any Investment Manager except with respect to any acts or omissions of any such party in which the Trustee participates knowingly or which the Trustee knowingly undertakes to conceal, and which the Trustee knows constitutes a breach of fiduciary responsibility of such party.

Liability for Acts of Others. No The Trustee shall not be liable for the acts or omissions of a Memberthe Company, the CustodianRecordkeeper, any Custodian other than Trustee, the Administrator, the Investment Committee or any Investment Manager except with respect to any acts or omissions of any such party in which the Trustee participates knowingly or which the Trustee knowingly undertakes to conceal, and which the Trustee knows constitutes a breach of fiduciary responsibility of such party.

Liability for Acts of Others. No The Trustee shall will not be liable for the acts or omissions of a Memberthe Company, the Custodian, the Administrator, the Investment Committee or any Investment Manager Independent Trustee except with respect to any acts or omissions of any such party in which the Trustee participates knowingly or which the Trustee that it knowingly undertakes to conceal, conceal and which the Trustee that it knows constitutes a breach of fiduciary responsibility of such party.