Common use of Liability of Adviser Clause in Contracts

Liability of Adviser. The Adviser shall have no liability to the Trust, its shareholders or any third party arising out of or related to this Agreement except with respect to claims which occur due to any willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Liability of Adviser. The No provision of this Agreement shall be deemed to protect the Adviser shall have no against any liability to the Trust, Trust or its shareholders or any third party arising out to which it might otherwise be subject by reason of or related to this Agreement except with respect to claims which occur due to any willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.