Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "
Appears in 11 contracts
Samples: Administration Agreement (Merrill Lynch Global Financial Services Fund Inc), Administration Agreement (Mercury Small Cap Value Fund Inc), Administration Agreement (Merrill Lynch Mid Cap Growth Fund Inc)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission suffered by the Fund in connection with the management and administration of the Fundmatters to which this Agreement relates, except for a loss resulting from willful misfeasance, bad faith or gross negligence on the Administrator’s part in the performance of its duties, duties or by reason of from reckless disregard by it of its obligations and duties hereunder. As used in under this Article IV, the term "Agreement.
Appears in 9 contracts
Samples: Transfer Agency Agreement (Principal Private Credit Fund I), Administration Agreement (Principal Private Credit Fund I), Transfer Agency Agreement (Principal Funds, Inc.)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Corporation and the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "
Appears in 8 contracts
Samples: Administration Agreement (Mercury Asset Management Funds Inc), Administration Agreement (Mercury Asset Management Funds Inc), Administration Agreement (Mercury Asset Management Funds Inc)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission suffered by the Fund in connection with the management and administration of the Fundmatters to which this Agreement relates, except for a loss resulting from willful misfeasance, bad faith or gross negligence on the Administrator's part in the performance of its duties, duties or by reason of from reckless disregard by it of its obligations and duties hereunder. As used in under this Article IV, the term "Agreement.
Appears in 5 contracts
Samples: Transfer Agency Agreement (Principal Variable Contracts Funds Inc), Administrative Services Agreement (Principal Investors Fund Inc), Accounting Services Agreement (Principal Special Markets Fund Inc)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Corporation or any Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "
Appears in 2 contracts
Samples: Administration Agreement (Mercury Large Cap Series Funds Inc), Administration Agreement (Merrill Lynch Large Cap Series Funds Inc)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the FundCorporation, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "
Appears in 2 contracts
Samples: Administration Agreement (Merrill Lynch Investment Managers Funds Inc), Administration Agreement (Merrill Lynch Investment Managers Funds Inc)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "Fund or
Appears in 1 contract
Samples: Administration Agreement (Merrill Lynch Funds for Institutions Series)
Limitation of Liability of the Administrator. The Administrator and its directors, officers, employees and agents shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Fund, except for willful misfeasance, bad faith Fund or gross negligence in the performance of its dutiesduties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or by reason breach of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "Agreement.
Appears in 1 contract
Samples: Administration Services Agreement (Asm Index 30 Fund Inc)
Limitation of Liability of the Administrator. The Administrator and its directors, officers, employees and agents shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Fund, except for willful misfeasance, bad faith each Portfolio or gross negligence in the performance of its dutiesduties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or by reason breach of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "Agreement.
Appears in 1 contract
Samples: Administration Services Agreement (Meeder Primier Portfolios)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Corporation and the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its dutiesduties hereunder, or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "
Appears in 1 contract
Samples: Administration Agreement (Mercury Asset Management Funds Inc)
Limitation of Liability of the Administrator. The Administrator and its Trustees, officers, employees and agents shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Fund, except for willful misfeasance, bad faith Portfolio or gross negligence in the performance of its dutiesduties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or by reason breach of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "Agreement.
Appears in 1 contract
Samples: Administration Services Agreement (Meeder Premier Portfolios)
Limitation of Liability of the Administrator. The Administrator shall not be liable for any error of judgment or mistake of law or for any loss arising out of any act or omission in the management and administration of the Corporation and any Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the term "
Appears in 1 contract
Samples: Administration Agreement (Merrill Lynch Index Funds Inc)