Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers or employees shall be liable to the Manager or the Fund 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 Fund investments 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 or employees.
Appears in 5 contracts
Samples: Sub Advisory Agreement (Principal Capital Accumulation Fund Inc), 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 officers, employees, agents or employees affiliates shall be liable to the Manager or Manager, the Fund or its shareholders for any loss suffered by the Manager or Manager, 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 Fund investments or its shareholders, 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 officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or employeesaffiliates.
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 or employees shall be liable to the Manager or 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 Fund investments for the Series 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 or employees.
Appears in 2 contracts
Samples: Principal Variable (Principal Capital Accumulation Fund Inc), Principal Variable (Principal Variable Contracts Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers officers, employees, agents or employees affiliates shall be liable to the Manager or Manager, the Fund or its shareholders for any loss suffered by the Manager or Manager, 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 Fund investments or its shareholders, 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, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or employeesaffiliates.
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 officers, employees or employees affiliates shall be liable to the Manager or 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 Fund investments ’s provision of services under this Agreement 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, employees or employeesaffiliates.
Appears in 1 contract
Samples: Sub Advisory Agreement (Principal Variable Contracts Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers or employees shall be liable to the Manager or 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 Fund investments 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 or employees.
Appears in 1 contract
Samples: Advisory Agreement (Principal Partners Smallcap Growth Fund Inc)
Liability of Sub-Advisor. Neither the Sub-Advisor nor any of its directors, officers officers, employees, agents or employees affiliates shall be liable to the Manager or Manager, the Fund or its shareholders for any loss suffered by the Manager or Manager, 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 Fund investments or its shareholders, 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, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or employees.affiliates..
Appears in 1 contract
