Limitation of Liability of Sub-Adviser. The Sub-Adviser shall not be liable for any error of judgment or mistake of law, or for any loss suffered by the Trust, any Sub-Advised Fund or their shareholders in connection with the matters to which this Agreement relates, except loss resulting from: (i) willful misfeasance, bad faith or gross negligence on the part of the Sub-Adviser in the performance of its obligations and duties under this Agreement; or (ii) its reckless disregard of its obligations and duties under this Agreement. The Sub-Adviser shall not have breached its obligations under this Agreement by, nor shall it be liable for, any action taken in good faith and in the exercise of due care.
Appears in 37 contracts
Samples: Investment Sub Advisory Agreement (State Farm Mutual Fund Trust), Sub Advisory Agreement (State Farm Mutual Fund Trust), Sub Advisory Agreement (State Farm Variable Product Trust)
Limitation of Liability of Sub-Adviser. The Sub-Adviser shall not be liable for any error of judgment or mistake import of law, or for any loss suffered by the Trust, any Sub-Advised Fund or their shareholders in connection with the matters to which this Agreement agreement relates, except loss resulting from: (i) willful misfeasance, bad faith or gross negligence on the part of the Sub-Adviser in the performance of its obligations and duties under this Agreementagreement; or (ii) its reckless disregard of its obligations and duties under this Agreementagreement. The Sub-Adviser shall not have breached its obligations under this Agreement agreement by, nor shall it be liable for, any action taken in good faith and in the exercise of due care.
Appears in 7 contracts
Samples: Investment Sub Advisory Agreement (State Farm Variable Product Trust), Investment Sub Advisory Agreement (State Farm Mutual Fund Trust), Investment Sub Advisory Agreement (State Farm Mutual Fund Trust)
Limitation of Liability of Sub-Adviser. The Sub-Adviser shall not be liable for any error of judgment or mistake import of law, or for any loss suffered by the Trust, any Sub-Advised Fund or their shareholders shareholders, or the Adviser in connection with the matters to which this Agreement agreement relates, except loss resulting from: (i) willful misfeasance, bad faith or gross negligence on the part of the Sub-Adviser in the performance of its obligations and duties under this Agreementagreement; or (ii) its reckless disregard of its obligations and duties under this Agreementagreement. The Sub-Adviser shall not have breached its obligations under this Agreement agreement by, nor shall it be liable for, any action taken in good faith and in the exercise of due care.
Appears in 3 contracts
Samples: Investment Sub Advisory Agreement (State Farm Mutual Fund Trust), Investment Sub Advisory Agreement (State Farm Mutual Fund Trust), Sub Advisory Agreement (State Farm Mutual Fund Trust)
Limitation of Liability of Sub-Adviser. The Sub-Adviser shall not be liable for any error of judgment or mistake of law, or for any loss suffered by the Trust, any Sub-Advised Fund or their shareholders in connection with the matters to which this Agreement relates, except loss resulting from: (i) willful misfeasance, bad faith or gross negligence on the part of the Sub-Adviser in the performance of its obligations and duties under this Agreement; or (ii) its reckless disregard of its obligations and duties under this Agreement. The Sub-Adviser shall not have breached its obligations under this Agreement by, nor shall it be liable for, any action taken in good faith and in the exercise of due care.. 4.2
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement This Agreement (State Farm Mutual Fund Trust), Investment Sub Advisory Agreement This Agreement (State Farm Variable Product Trust)
