Common use of Limitation of Agent’s Liability Clause in Contracts

Limitation of Agent’s Liability. In consideration of the Agent's undertaking to render the services described in this Agreement, the Trust agrees that the Agent shall not be liable under this Agreement for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the performance of this Agreement, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Agent against any liability to the Trust or its shareholders to which the Agent would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of the Agent's duties under this Agreement or by reason of the Agent's reckless disregard of its obligations and duties hereunder.

Appears in 6 contracts

Samples: Performance Funds Trust Service Organization Agreement (Performance Funds Trust), Servicing Organization Agreement (Intrust Funds Trust), Service Organization Agreement (Performance Funds Trust)

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Limitation of Agent’s Liability. In consideration of the Agent's undertaking to render the services described in this Agreement, the Trust Company agrees that the Agent shall not be liable under this Agreement for any error of judgment or mistake of law or for any loss suffered by the Trust Company in connection with the performance of this Agreement, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Agent against any liability to the Trust Company or its shareholders stockholders to which the Agent would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of the Agent's duties under this Agreement or by reason of the Agent's reckless disregard of its obligations and duties hereunder.

Appears in 2 contracts

Samples: Shareholder Servicing Agreement (Lipper Funds Inc), Shareholder Servicing Agreement (Lipper Funds Inc)

Limitation of Agent’s Liability. In consideration of the Agent's ------------------------------- undertaking to render the services described in this Agreement, the Trust agrees that the Agent shall not be liable under this Agreement for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the performance of this Agreement, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Agent against any liability to the Trust or its shareholders stockholders to which the Agent would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of the Agent's duties under this Agreement or by reason of the Agent's reckless disregard of its obligations and duties hereunder.

Appears in 2 contracts

Samples: Shareholder Servicer Assistance Agreement (HSBC Mutual Funds Trust), Shareholder Servicer Assistance Agreement (HSBC Funds Trust)

Limitation of Agent’s Liability. In consideration of the Agent's undertaking to render the services described in this Agreement, the Trust agrees that the Agent shall not be liable under this Agreement for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the performance of this Agreement, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Agent against any liability to the Trust or its shareholders stockholders to which the Agent would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of the Agent's duties under this Agreement or by reason of the Agent's reckless disregard of its obligations and duties hereunder.

Appears in 1 contract

Samples: Form of Servicing Organization Agreement (Ibj Funds Trust)

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Limitation of Agent’s Liability. In consideration of the Agent's undertaking to render the services described in this Agreement, the Trust agrees that the Agent shall not be liable under this Agreement for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the performance of this Agreement, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Agent against any liability to the Trust or its shareholders to which the Agent would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of the Agent's duties under this Agreement or by reason of the Agent's reckless disregard of its obligations and duties hereunder.of

Appears in 1 contract

Samples: Servicing Organization Agreement (Intrust Funds Trust)

Limitation of Agent’s Liability. In consideration of the Agent's undertaking to render the services described in this Agreement, the Trust agrees that the Agent shall not be liable under 3 this Agreement for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the performance of this Agreement, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Agent against any liability to the Trust or its shareholders to which the Agent would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of the Agent's duties under this Agreement or by reason of the Agent's reckless disregard of its obligations and duties hereunder.

Appears in 1 contract

Samples: Servicing Organization Agreement (Intrust Funds Trust)

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