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 Trust 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 to any shareholder of the Trust 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 purchase, holding or sale of any security or other instrument, including options and futures contracts.

Appears in 9 contracts

Samples: Administration Agreement (Wright Managed Income Trust), Administration Agreement (Catholic Values Investment Trust), Administration Agreement (Wright Managed Blue Chip Series Trust)

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Limitation of Liability of the Administrator. The services of the Administrator to of the Trust 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 to any shareholder Holder of the Trust 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 purchaseacquisition, holding or sale disposition of any security or other instrument, including options and futures contractsinvestment.

Appears in 5 contracts

Samples: Administration Agreement (Russia & Eastern Europe Portfolio), Administration Agreement (Asian Small Companies Portfolio), Administration Agreement (Asian Small Companies Portfolio)

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Limitation of Liability of the Administrator. The services of the Administrator to the Trust and the Series 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 Series or to any shareholder holder of the Trust interest in any Series 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 purchaseacquisition, holding or sale disposition of any security or other instrument, including options and futures contractsinvestment.

Appears in 2 contracts

Samples: Administration Agreement (Wright Blue Chip Master Portfolio Trust), Administration Agreement (Wright Blue Chip Master Portfolio Trust)

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