Common use of Limitation of Liability of the Administrator Clause in Contracts

Limitation of Liability of the Administrator. The services of the Administrator to the Fund are not to be deemed to be exclusive, the Administrator being free to render services to others and engage in other business activities. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Administrator, the Administrator shall not be subject to liability to the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder or for any losses which may be sustained in the acquisition, holding or disposition of any security or other investment.

Appears in 105 contracts

Samples: Administrative Services Agreement (Eaton Vance Tax Advantaged Dividend Income Fund), Administrative Services Agreement (Eaton Vance Floating-Rate Income Trust), Administrative Services Agreement (Eaton Vance Municipal Income Trust)

AutoNDA by SimpleDocs

Limitation of Liability of the Administrator. The services of the Administrator to the Trust and the Fund are not to be deemed to be exclusive, the Administrator being free to render services to others and engage in other business activities. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Administrator, the Administrator shall not be subject to liability to the Trust or the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder or for any losses which may be sustained in the acquisition, holding or disposition of any security or other investment.

Appears in 30 contracts

Samples: Administrative Services Agreement (Eaton Vance Series Trust), Administrative Services Agreement (Eaton Vance Variable Trust), Administrative Services Agreement (Eaton Vance Series Trust Ii)

AutoNDA by SimpleDocs

Limitation of Liability of the Administrator. The services of the Administrator to the Trust and a Fund are not to be deemed to be exclusive, the Administrator being free to render services to others and engage in other business activities. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Administrator, the Administrator shall not be subject to liability to the Trust or a Fund or to any shareholder of the a Fund for any act or omission in the course of, or connected with, rendering services hereunder or for any losses which may be sustained in the acquisition, holding or disposition of any security or other investment.

Appears in 2 contracts

Samples: Administrative Services Agreement (Eaton Vance Growth Trust), Administrative Services Agreement (Eaton Vance Growth Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!