Liability of Administrator. The Administrator shall not be liable to any Series for any action taken or omitted to be taken by the Administrator or its employees, agents or contractors in carrying out the provisions of this Agreement if such action was taken or omitted in good faith and without negligence or misconduct on the part of the Administrator, or its employees, agents or contractors.
Appears in 3 contracts
Samples: Administration Agreement (Neuberger Berman Equity Funds), Administration Agreement (Neuberger & Berman Equity Funds), Administration Agreement (Neuberger & Berman Income Funds)
Liability of Administrator. The Administrator shall not be liable to any Series the Funds for any action taken or omitted to be taken by the Administrator or its employees, agents or contractors in carrying out the provisions of this Agreement if such action was taken or omitted in good faith and without gross negligence or willful misconduct on the part of the Administrator, or its employees, agents or contractors.
Appears in 2 contracts
Samples: Administration Agreement (AMG Pantheon Private Equity Fund, LLC), Administration Agreement (AMG Pantheon Private Equity Master Fund, LLC)
