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

Limitation of Liability of the Administrator. The Fund shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith or gross negligence on the Administrator’s part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Agreement.

Limitation of Liability of the Administrator. The Fund shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith or gross negligence on the Administrator’s 's part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Agreement.