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.

Liability of Adviser. The Adviser shall have no liability not be liable for any error of judgment or of law or for any loss suffered by the Trust in connection with the matters to the Trust, its shareholders or any third party arising out of or related to which this Agreement relates, except with respect to claims which occur due to any for a loss resulting from willful misfeasance, bad faith, faith or gross negligence on the part of the Adviser in the performance of its obligations and duties or the by reason of its reckless disregard of its obligations and duties under this Agreement.