Common use of Liability of Adviser Clause in Contracts

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Fund.

Appears in 55 contracts

Samples: Agreement (Alleghany Funds), Investment Advisory Agreement (Abn Amro Funds), Investment Advisory Agreement (Abn Amro Funds)

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Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Fund. 8.

Appears in 12 contracts

Samples: Investment Advisory Agreement (Alleghany Funds), Investment Advisory Agreement (Alleghany Funds), Investment Advisory Agreement (Alleghany Funds)

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error of judgmentjudgement, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Fund.

Appears in 5 contracts

Samples: Investment Advisory Agreement (Bjurman Funds), Investment Advisory Agreement (Bjurman Barry Funds), Investment Advisory Agreement (Bjurman Funds)

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the a Fund, or to any shareholder of the a Fund, for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the a Fund.

Appears in 4 contracts

Samples: Investment Advisory Agreement (Aston Funds), Investment Advisory Agreement (Aston Funds), Investment Advisory Agreement (Aston Funds)

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Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error of judgmentjudgement, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Fund. 7.

Appears in 2 contracts

Samples: Investment Advisory Agreement Agreement (Spirit of America Investment Fund Inc), Investment Advisory Agreement Agreement (Sage Tso Trust)

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the The Adviser shall not be subject to any liability whatsoever liable to the Fund, Fund or to any shareholder of the Fund, for any error of judgment, mistake of law or any other act or omission in connection with the course of, or connected with, rendering services performance of its duties hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption holding or sale of any security or the making of any investment for or on behalf of the Fund, except for liability to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties under this Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Nevis Fund Inc)

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