Common use of LIMITATION OF LIABILITY OF THE MANAGER Clause in Contracts

LIMITATION OF LIABILITY OF THE MANAGER. The Manager 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 of securities transactions for a Fund or the oversight, administration or management of the Trust or the performance of its duties hereunder, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of the reckless disregard of its obligations and duties hereunder. As used in this Section 5, the term “Manager” shall include Domini and/or any of its affiliates and the directors, officers and employees of Domini and/or any of its affiliates.

Appears in 7 contracts

Samples: Management Agreement (Domini Investment Trust), Management Agreement (Domini Investment Trust), Management Agreement (Domini Investment Trust)

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LIMITATION OF LIABILITY OF THE MANAGER. The Manager 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 of securities transactions for a Fund or the oversight, administration or management of the Trust or the performance of its duties hereunder, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of the reckless disregard of its obligations and duties hereunder. As used in this Section 5, the term "Manager" shall include Domini DSI and/or any of its affiliates and the directors, officers and employees of Domini DSI and/or any of its affiliates.

Appears in 4 contracts

Samples: Management Agreement (Domini Advisor Trust), Management Agreement (Domini Social Investment Trust), Management Agreement (Domini Advisor Trust)

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LIMITATION OF LIABILITY OF THE MANAGER. The Manager 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 of securities transactions for a Fund or the oversight, administration or management of the Trust or the performance of its duties hereunder, except for willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of the reckless disregard of its obligations and duties hereunder. As used in this Section 5, the term “Manager” shall include Domini DSI and/or any of its affiliates and the directors, officers and employees of Domini DSI and/or any of its affiliates.

Appears in 2 contracts

Samples: Management Agreement (Domini Social Investment Trust), Management Agreement (Domini Social Investment Trust)

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