Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 15 contracts
Samples: Sub Advisory Agreement (Principal Funds Inc), Sub Advisory Agreement (Principal Funds Inc), Principal Funds Inc
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its partners, members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Board of Directors, the Fund or its shareholders for any claim, expense or other loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-AdvisorSub‑Advisor's investment discretion in connection with selecting investments for the Series duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its partners, members, directors, officers, employees, agentsagents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.
Appears in 15 contracts
Samples: Sub‑advisory Agreement (Principal Funds Inc), Sub‑advisory Agreement (Principal Funds Inc), Sub‑advisory Agreement (Principal Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, rules except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 14 contracts
Samples: Principal Investors (Principal Funds Inc), Sub Advisory Agreement (Principal Funds Inc), Principal Investors Fund Inc
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series Account or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 13 contracts
Samples: Sub Advisory (Principal Variable Contracts Funds Inc), Principal Variable Contracts Funds Inc, Principal Variable Contracts Funds Inc
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its partners, members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Board of Directors, the Fund or its shareholders for any claim, expense or other loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its partners, members, directors, officers, employees, agentsagents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.
Appears in 9 contracts
Samples: Sub Advisory Agreement (Principal Funds Inc), Sub Advisory Agreement (Principal Funds Inc), Sub Advisory Agreement (Principal Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series Fund or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 8 contracts
Samples: Advisory Agreement (Principal Partners Largecap Blend Fund Inc), Advisory Agreement (Principal Partners Midcap Growth Fund Inc), Advisory Agreement (Principal Partners Largecap Growth Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-AdvisorSub‑Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, rules except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 7 contracts
Samples: Sub‑advisory Agreement (Principal Funds Inc), Principal Variable Contracts (Principal Variable Contracts Funds Inc), Sub‑advisory Agreement (Principal Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its managing directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, officers or employees, agents, or affiliates.
Appears in 5 contracts
Samples: Principal Variable (Principal Variable Contracts Fund Inc), Principal Variable (Principal Variable Contracts Fund Inc), Principal Variable (Principal Variable Contracts Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directors, officers, employees, agents affiliates or affiliates any agent appointed by the Sub-Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's Sub‑Advisor’s investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directors, officers, employees, agentsaffiliates, or affiliatesany agent appointed by the Sub-Advisor.
Appears in 4 contracts
Samples: Sub‑advisory Agreement (Principal Funds Inc), Sub‑advisory Agreement (Principal Funds Inc), Sub‑advisory Agreement (Principal Funds Inc)
Liability of Sub-Advisor. (a) Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series Fund or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 4 contracts
Samples: Advisory Agreement (Principal European Equity Fund Inc), Principal European (Principal European Equity Fund Inc), Principal Pacific (Principal Pacific Basin Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's Sub‑Advisor’s investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directorsTrustees, officers, employees, agents, or affiliates.
Appears in 4 contracts
Samples: Sub‑advisory Agreement (Principal Exchange-Traded Funds), Sub‑advisory Agreement (Principal Exchange-Traded Funds), Sub‑advisory Agreement (Principal Exchange-Traded Funds)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's ’s investment discretion in connection with selecting investments for the Allocated Assets of each Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 3 contracts
Samples: Sub Advisory Agreement (Principal Variable Contracts Funds Inc), Sub Advisory Agreement (Principal Funds, Inc.), Sub Advisory Agreement (Principal Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 3 contracts
Samples: Principal Investors (Principal Investors Fund Inc), Principal Investors (Principal Investors Fund Inc), Principal Investors Fund Inc
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, rules except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Principal Investors Fund Inc), Principal Investors Fund Inc
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-AdvisorSub‑Advisor's investment discretion in connection with selecting investments for the Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Sub‑advisory Agreement (Principal Funds Inc), Form Of (Principal Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directorstrustees, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-AdvisorSub‑Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directorstrustees, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Exchange Traded Funds (Principal Exchange-Traded Funds), Form Of (Principal Exchange-Traded Funds)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its partners, members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its partners, members, directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Principal Funds, Inc.), Sub Advisory Agreement (Principal Funds, Inc.)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its trustees, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its trustees, directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Principal Exchange Traded Funds Sub Advisory Agreement (Principal Exchange-Traded Funds), Exchange Traded Funds Sub Advisory Agreement (Principal Exchange-Traded Funds)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series Account or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, rules except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Principal Variable Contracts Fund Inc), Sub Advisory Agreement (Principal Variable Contracts Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-AdvisorSub‑Advisor's investment discretion in connection with selecting investments for the Allocated Assets of each Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Sub‑advisory Agreement (Principal Variable Contracts Funds Inc), Sub‑advisory Agreement (Principal Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund Fund, or its shareholders shareholder for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-AdvisorSub‑Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directors, officers, employees, agents, agents or affiliates.
Appears in 2 contracts
Samples: Sub‑advisory Agreement (Principal Funds Inc), Sub‑advisory Agreement (Principal Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's ’s investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Principal Variable Contracts Funds Inc), Sub Advisory Agreement (Principal Funds, Inc.)
Liability of Sub-Advisor. (a) Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Principal Special Markets Fund Inc), Sub Advisory Agreement (Principal Investors Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's Sub‑Advisor’s investment discretion in connection with selecting investments for the Allocated Assets of each Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 1 contract
Samples: Sub‑advisory Agreement (Principal Variable Contracts Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Allocated Assets of each Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 1 contract
Samples: Sub Advisory Agreement (Principal Variable Contracts Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its partners, members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Board of Directors, the Fund or its shareholders for any claim, expense or other loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its partners, members, directors, officers, employees, agentsagents (excluding any broker- dealer selected by the Sub-Advisor), or affiliates.
Appears in 1 contract
Liability of Sub-Advisor. Neither the Sub-Advisor Sub‑Sub‑Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Sub‑Advisor, Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's Sub‑Sub‑Advisor’s investment discretion in connection with selecting investments for the Series Fund or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor Sub‑Sub‑Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 1 contract
Samples: Investment Sub Sub‑advisory Agreement (Principal Diversified Select Real Asset Fund)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its partners, members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Board of Directors, the Fund or its shareholders for any claim, expense or other loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its partners, members, directors, officers, employees, agentsagents (excluding any broker-dealer selected by the Sub- Advisor), or affiliates.
Appears in 1 contract
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its partners, members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Board of Directors, the Fund or its shareholders for any claim, expense or other loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its partners, members, directors, officers, employees, agentsagents (excluding any broker dealer selected by the Sub-Advisor), or affiliates.
Appears in 1 contract
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its partners. members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund Board of Directors, the Company or its shareholders for any claim, expense or other loss suffered by the Manager or the Fund Company resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's investment discretion in connection with selecting investments for the Series duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its partners, members, directors, officers, ; employees, agentsagents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.
Appears in 1 contract
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Sub- Advisor's investment discretion in connection with selecting investments for the Series Account or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rules, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents, or affiliates.
Appears in 1 contract
Samples: Principal Variable Contracts (Principal Variable Contracts Funds Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers, employees, agents affiliates or affiliates any agent appointed by the Sub-Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's ’s investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agentsaffiliates, or affiliatesany agent appointed by the Sub-Advisor.
Appears in 1 contract
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its partners, members, directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's ’s investment discretion in connection with selecting investments for the a Series or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement and/or any insurance laws and rulesAgreement, except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its partners, members, directors, officers, employees, agents, or affiliates.
Appears in 1 contract