Liability of the Manager. In performing its duties hereunder, the Manager may rely on all documentation and information furnished it by the Trust. Except as may otherwise be provided by the Investment Company Act, neither the Manager nor its officers, directors, employees or agents shall be subject to any liability for any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, except by reason of willful misfeasance, bad faith or gross negligence in the performance of the Manager’s duties or by reason of reckless disregard of the Manager’s obligations and duties under this Agreement.
Appears in 17 contracts
Samples: Investment Management Agreement (RESERVE Municipal Money-Market TRUST II), Reserve Fund (Reserve Funds /Ny/), Investment Management Agreement (Reserve Private Equity Series)
Liability of the Manager. In performing its duties hereunder, the Manager may rely on all documentation and information furnished it by the Trust. Except as may otherwise be provided by the Investment Company 1940 Act, neither the Manager nor its officers, directors, employees or agents shall be subject to any liability for any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, except by reason of willful misfeasance, bad faith or gross negligence in the performance of the Manager’s 's duties or by reason of reckless disregard of the Manager’s 's obligations and duties under this Agreement.
Appears in 13 contracts
Samples: Investment Management Agreement (Reserve New York Tax Exempt Trust), Investment Management Agreement (Reserve Institutional Trust), Investment Management Agreement (Reserve Tax Exempt Trust)
Liability of the Manager. In performing its duties hereunder, the Manager may rely on all documentation and information furnished it by the Trust. Except as may otherwise be provided by the Investment Company Act, neither the Manager nor its officers, directors, employees or agents shall be subject to any liability for any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, except by reason of willful misfeasance, bad faith or gross negligence in the performance of the Manager’s 's duties or by reason of reckless disregard of the Manager’s 's obligations and duties under this Agreement.
Appears in 4 contracts
Samples: Investment Management Agreement (Reserve Municipal Money Market Trust), Investment Management Agreement (Reserve Short Term Investment Trust), Investment Management Agreement (Reserve Funds /Ny/)
Liability of the Manager. In performing its duties hereunder, the Manager may rely on all documentation and information furnished it by the Trust. Except as may otherwise be provided by the Investment Company 1940 Act, neither the Manager nor its officers, directors, employees or agents shall be subject to any liability for any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, except by reason of willful misfeasance, bad faith or gross negligence in the performance of the Manager’s duties or by reason of reckless disregard of the Manager’s obligations and duties under this Agreement.
Appears in 3 contracts
Samples: Investment Management Agreement (Reserve New York Tax Exempt Trust), Investment Management Agreement (Reserve Tax Exempt Trust), Investment Management Agreement (Reserve Municipal Money Market Trust)
Liability of the Manager. In performing its duties hereunder, the Manager may rely on all documentation information reasonably believed by it to be accurate and information furnished it by the Trustreliable. Except as may otherwise be provided by the Investment Company Act, neither the Manager nor its officers, directors, employees or agents shall be subject to any liability for any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, except by reason of willful misfeasance, bad faith or gross negligence in the performance of the Manager’s 's duties or by reason of reckless disregard of the Manager’s 's obligations and duties under this Agreement.
Appears in 1 contract
Samples: Investment Management Agreement (Reserve Institutional Trust)
Liability of the Manager. In performing its duties hereunder, the Manager may rely on all documentation and information furnished it by the Trust. Except as may otherwise be provided by the Investment Company Act, neither the Manager nor its officers, directorstrustees, employees or agents shall be subject to any liability for any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, except by reason of willful misfeasance, bad faith or gross negligence in the performance of the Manager’s 's duties or by reason of reckless disregard of the Manager’s 's obligations and duties under this Agreement.
Appears in 1 contract
Samples: Investment Management Agreement (Trainer Wortham Funds)