LIABILITY OF BOARD OF DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND LEGAL ADVISORS. The members of the Board of Directors, Officers, committee members and legal advisors to any Board of Directors or committees of PRISMthe Authority shall use ordinary care and reasonable diligence in the exercise of their powers and in the performance of their duties pursuant to this Agreement. They shall not be liable for any mistake of judgment or any other action made, taken or omitted by them in good faith, nor for any action taken or omitted by any agent, employee or independent contractor selected with reasonable care, nor for loss incurred through investment of PRISMAuthority funds, or failure to invest. No Director, Officer, committee member, or legal advisor to any Board of Directors or committee shall be responsible for any action taken or omitted by any other Director, Officer, committee member, or legal advisor to any committee. No Director, Officer, committee member or legal advisor to any committee shall be required to give a bond or other security to guarantee the faithful performance of their duties pursuant to this Agreement. The funds of PRISMthe Authority shall be used to defend, indemnify and hold harmless PRISMthe Authority and any Director, Officer, committee member or legal advisor to any committee for their actions taken within the scope of the authority of PRISMthe Authority. Nothing herein shall limit the right of PRISMthe Authority to purchase insurance to provide such coverage as is hereinabove set forth.
