Limitation of Advisor's Liability. The Advisor shall not be liable for any loss incurred in connection with its duties hereunder, nor for any action taken, suffered or omitted and believed by it to be advisable or within the scope of its authority or discretion, except for acts or omissions involving willful misfeasance, bad faith, gross negligence or reckless disregard of the duties assumed by it under this Agreement.
Appears in 14 contracts
Samples: Investment Advisory Agreement (Madison Mosaic Income Trust), Investment Advisory Agreement (Members Mutual Funds), Investment Advisory Agreement (Mosaic Tax-Free Trust)
