Common use of Limitation of Liability of the Investment Adviser Clause in Contracts

Limitation of Liability of the Investment Adviser. (a) The Investment Adviser shall not be liable for any error of judgment or mistake of law or for any loss arising out of any investment or for any act or omission in the execution and management of the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard or its obligations and duties hereunder. As used in this Article 5, the term "Investment Adviser" shall include any affiliates of the Investment Adviser performing services for the Fund contemplated hereby and trustees, officers and employees of the Investment Adviser as well as that corporation itself.

Limitation of Liability of the Investment Adviser. (a) The Investment Adviser shall not be liable for any error of judgment or mistake of law or for any loss arising out of any investment or for any act or omission in the execution and management of the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard or of its obligations and duties hereunder. As used in this Article 5V, the term "Investment Adviser" shall include any affiliates of the Investment Adviser performing services for the Fund contemplated hereby and trusteesdirectors, officers officers, partners and employees of the Investment Adviser as well as that corporation itself.

Limitation of Liability of the Investment Adviser. (a) The Investment Adviser shall not be liable for any error of judgment or mistake of law or for any loss arising out of any investment or for any act or omission in the execution and management of the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard or of its obligations and duties hereunder. As used in this Article 5IV, the term "Investment Adviser" shall include any affiliates of the Investment Adviser performing services for the Fund contemplated hereby and trusteesdirectors, officers officers, partners and employees of the Investment Adviser as well as that corporation itself.

Limitation of Liability of the Investment Adviser. (a) The Investment Adviser shall not be liable for any error of judgment or mistake of law or for any loss arising out of any investment or for any act or omission in the execution and management of the Fund, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard or of its obligations and duties hereunder. As used in this Article 5IV, the term "“Investment Adviser" ” shall include any affiliates of the Investment Adviser performing services for the Fund contemplated hereby and trusteesdirectors, officers officers, partners and employees of the Investment Adviser as well as that corporation itself.