Liability of the Custodian for Actions of Other Persons. The Custodian shall be liable for the actions or omissions of the Delegate or any Eligible Foreign Custodian (excluding any Securities Depository appointed by them) to the same extent as if such actions or omissions were performed by the Custodian itself, except as provided in Section 8 hereunder. In the event of any loss, damage or expense suffered or incurred by the Fund caused by or resulting from the actions or omissions of the Delegate or Eligible Foreign Custodian for which the Custodian would otherwise be liable, the Custodian shall promptly reimburse the Fund in the amount of any such loss, damage or expense.
Appears in 25 contracts
Samples: Delegation Agreement (Waddell & Reed Advisors Select Funds Inc), Delegation Agreement (Waddell & Reed Invested Portfolios Inc), Delegation Agreement (Waddell & Reed Advisors Municipal High Income Fund Inc)
Liability of the Custodian for Actions of Other Persons. The Custodian shall be liable for the actions or omissions of the Delegate or any Eligible Foreign Custodian (excluding any Securities Depository appointed by them) to the same extent as if such actions or omissions were performed by the Custodian itself, except as provided in Section 8 7 hereunder. In the event of any loss, damage or expense suffered or incurred by the Fund caused by or resulting from the actions or omissions of the Delegate or Eligible Foreign Custodian for which the Custodian would otherwise be liable, the Custodian shall promptly reimburse the Fund in the amount of any such loss, damage or expense.
Appears in 21 contracts
Samples: Delegation Agreement (Ivy Funds Inc), Delegation Agreement (W&r Target Funds Inc), Delegation Agreement (Waddell & Reed Advisors New Concepts Fund Inc)
Liability of the Custodian for Actions of Other Persons. The Custodian shall be liable for the actions or omissions of the Delegate or any Eligible Foreign Custodian (excluding any Securities Depository appointed by them) to the same extent as if such actions or omissions were performed by that the Custodian itselffails to comply with the terms and conditions of this Agreement, except as provided in Section 8 hereunder. In the event of any loss, damage or expense suffered or incurred by the a Fund caused by or resulting from the actions or omissions of the Delegate or Eligible Foreign Custodian for which the Custodian would otherwise be liable, the Custodian shall promptly reimburse the Fund in the amount of any such loss, damage or expense.
Appears in 4 contracts
Samples: Delegation Agreement (Icap Funds Inc), Custody Agreement (Aegis Funds), Custody Agreement (Aegis Value Fund Inc)
Liability of the Custodian for Actions of Other Persons. The Custodian shall be liable for the actions or omissions of the Delegate or any Eligible Foreign Custodian (excluding any Securities Depository appointed by them) to the same extent as if such actions or omissions were performed by that the Custodian itselffails to comply with the terms and conditions of this Agreement, except as provided in Section 8 7 hereunder. In the event of any loss, damage or expense suffered or incurred by the a Fund caused by or resulting from the actions or omissions of the Delegate or Eligible Foreign Custodian for which the Custodian would otherwise be liable, the Custodian shall promptly reimburse the Fund in the amount of any such loss, damage or expense.
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