LIABILITY OF PORTFOLIO MANAGER AND CLIENT Sample Clauses

LIABILITY OF PORTFOLIO MANAGER AND CLIENT. The Portfolio Manager shall not be responsible for any direct or indirect liability on account of anything done or omitted to be done by the Portfolio Manager in good faith or in accordance with or in pursuance of any request or advice of the third party or any committee of the Portfolio Manager or any agents unless such damage or loss is finally judicially determined to have resulted primarily from the willful misfeasance, negligence and bad faith of the Portfolio Manager. The Portfolio Manager shall not be liable for the error of judgement. In any event the liability of the client shall not exceed the total value of his portfolio with the Portfolio Manager.
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