Common use of Limit of Duties Clause in Contracts

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: (1) The acts or omissions of any agent appointed pursuant to Instructions of the Fund or its investment advisor including, but not limited to, any broker-dealer or other entity to hold any Securities or other property of the Fund as collateral or otherwise pursuant to any investment strategy; (2) The validity of the issue of any Securities purchased by the Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; (3) The legality of the sale of any Securities by the Fund or the propriety of the amount for which the same are sold; (4) The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; (5) The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; (6) The legality of the declaration or payment of any distribution of the Fund; (7) The legality of any borrowing for temporary or emergency purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: (1) The acts or omissions of any agent appointed pursuant to Instructions of the Fund or its investment advisor including, but not limited to, any broker-dealer or other entity to hold any Securities or other property of the Fund as collateral or otherwise pursuant to any investment strategy; (2) . The validity of the issue of any Securities purchased by the FundPortfolio, the legality of the purchase thereof, or the propriety of the amount paid specified by the Company for payment therefor; (3) 2. The legality of the sale of any Securities by the Fund Portfolio or the propriety of the amount of consideration for which the same are sold; (4) 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; (5) 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid sold therefor; (6) 5. The legality of the declaration or payment of any distribution of the FundPortfolio; (7) 6. The legality of any borrowing for temporary or emergency purposesborrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: (1) The acts or omissions of any agent appointed pursuant to Instructions of the Fund or its investment advisor adviser including, but not limited to, any broker-dealer or other entity to hold any Securities or other property of the Fund Series as collateral or otherwise pursuant to any investment strategy; (2) The validity of the issue of any Securities purchased by the FundSeries, the legality of the purchase thereof, or the propriety of the amount paid therefor; (3) The legality of the sale of any Securities by the Fund Series or the propriety of the amount for which the same are sold; (4) The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; (5) The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; (6) The legality of the declaration or payment of any distribution of the FundSeries; (7) The legality of any borrowing for temporary or emergency purposes.