Limitation of Liability of the Administrator. The duties of the Administrator shall be confined to those expressly set forth herein, and no implied duties are assumed by or may be asserted against the Administrator hereunder. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any investment or for any act or omission in carrying out its duties hereunder, except a loss resulting from willful misfeasance, bad faith or negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder except as may otherwise be provided under provisions of applicable state law which cannot be waived or modified
Appears in 8 contracts
Samples: Administration and Transfer Agency Agreement (Sei Tax Exempt Trust), Administration and Transfer Agency Agreement (Sei Daily Income Trust /Ma/), Administration and Transfer Agency Agreement (Sei Index Funds)
Limitation of Liability of the Administrator. The duties of the Administrator shall be confined to those expressly set forth herein, and no implied duties are assumed by or may be asserted against the Administrator hereunder. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any investment or for any act or omission in carrying out its duties hereunder, except a loss resulting from willful misfeasance, bad faith or negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder hereunder, except as may otherwise be provided under provisions of applicable state law which cannot be waived or modifiedmodified hereby. (As used in this Article 5, the term
Appears in 2 contracts
Samples: Administration Agreement (First American Strategy Funds Inc), Administration Agreement (First American Strategy Funds Inc)