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

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 act or omission in the administration of the Fund or the performance of its duties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.

Appears in 13 contracts

Samples: Administration Services Agreement (Meeder Funds), Administration Services Agreement (Meeder Funds), Administration Services Agreement (Flex Funds)

AutoNDA by SimpleDocs

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 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, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.term "

Appears in 11 contracts

Samples: Administration Agreement (Merrill Lynch Basic Value Fund Inc), Administration Agreement (Mercury Mid Cap Growth Fund Inc), Administration Agreement (Merrill Lynch Small Cap Value Fund 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 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, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.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 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 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, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.term "

Appears in 2 contracts

Samples: Administration Agreement (Merrill Lynch Large Cap Series Funds Inc), Administration Agreement (Mercury Large Cap Series 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 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, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.term "

Appears in 1 contract

Samples: Administration Agreement (Merrill Lynch Index 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 or the performance of its duties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.or

Appears in 1 contract

Samples: Administration Agreement (Merrill Lynch Funds for Institutions Series)

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 Corporation and the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder, unless caused or by reason of reckless disregard of its obligations and duties hereunder. As used in this Article IV, the Administrator's negligence, willful misfeasance, or breach of this Agreement.term "

Appears in 1 contract

Samples: Administration Agreement (Mercury Asset Management Funds Inc)

AutoNDA by SimpleDocs

Limitation of Liability of the Administrator. The Administrator and its Trusteesdirectors, officers, employees and agents shall not be liable for any error of judgment or mistake of law or for any act or omission in the administration of the Fund each Portfolio or the performance of its duties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.

Appears in 1 contract

Samples: Administration Services Agreement (Meeder Primier Portfolios)

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 act or omission in the administration of the Fund Portfolio or the performance of its duties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.

Appears in 1 contract

Samples: Administration Services Agreement (Meeder Premier Portfolios)

Limitation of Liability of the Administrator. (a) 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 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, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.term "

Appears in 1 contract

Samples: Administration Agreement (Asa Managed Futures Fund LLC)

Limitation of Liability of the Administrator. The Administrator and its Trusteesdirectors, officers, employees and agents shall not be liable for any error of judgment or mistake of law or for any act or omission in the administration of the Fund or the performance of its duties hereunder, unless caused by the Administrator's negligence, willful misfeasance, or breach of this Agreement.

Appears in 1 contract

Samples: Administration Services Agreement (Asm Index 30 Fund Inc)

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