Limitation of Liability of the Warranty Provider. (a) The Adviser and the Trust, on behalf of the Fund, agree that neither the Warranty Provider, its Affiliates, nor any of their respective officers, trustees/directors or employees shall be liable or responsible for (i) the use which may be made of the Financial Warranty by any Person or for any acts or omissions of another Person in connection therewith or (ii) the validity, sufficiency, accuracy or genuineness of any documents delivered to the Warranty Provider, or of any endorsement(s) thereon, even if such documents should in fact prove to be in any or all respects invalid, insufficient, fraudulent or forged. In furtherance and not in limitation of the foregoing, the Warranty Provider may accept documents that appear on their face to be in order, without responsibility for further investigation. (b) The parties hereby acknowledge and agree that in no event shall the Warranty Provider’s liability under this Agreement or any of the other Transaction Documents, including without limitation any liability under Section 5.2(c) and the Financial Warranty, exceed the Financial Warranty Amount Limit.
Appears in 5 contracts
Samples: Financial Warranty Agreement (DWS Target Fund), Financial Warranty Agreement (DWS Target Fund), Financial Warranty Agreement (DWS Target Fund)
Limitation of Liability of the Warranty Provider. (a) The Adviser and the Trust, on behalf of the Fund, agree that neither the Warranty Provider, its Affiliates, nor any of their respective officers, trustees/directors or employees shall be liable or responsible for (i) the use which may be made of the Financial Warranty by any Person or for any acts or omissions of another Person in connection therewith or (ii) the validity, sufficiency, accuracy or genuineness of any documents delivered to the Warranty Provider, or of any endorsement(s) thereon, even if such documents should in fact prove to be in any or all respects invalid, insufficient, fraudulent or forged. In furtherance and not in limitation of the foregoing, the Warranty Provider may accept documents that appear on their face to be in order, without responsibility for further investigation.
(b) The parties hereby acknowledge and agree that in no event shall the Warranty Provider’s 's liability under this Agreement or any of the other Transaction Documents, including without limitation any liability under Section 5.2(c) and the Financial Warranty, exceed the Issued Financial Warranty Amount LimitAmount.
Appears in 2 contracts
Samples: Financial Warranty Agreement (Oppenheimer Principal Protected Trust Iii), Financial Warranty Agreement (Oppenheimer Principal Protected Trust)
Limitation of Liability of the Warranty Provider. (a) The Adviser and the Trust, on behalf of the Fund, agree that neither the Warranty Provider, its Affiliates, nor any of their respective officers, trustees/directors or employees shall be liable or responsible for (i) the use which may be made of the Financial Warranty by any Person or for any acts or omissions of another Person in connection therewith or (ii) the validity, sufficiency, accuracy or genuineness of any documents delivered to the Warranty Provider, or of any endorsement(s) thereon, even if such documents should in fact prove to be in any or all respects invalid, insufficient, fraudulent or forged. In furtherance and not in limitation of the foregoing, the Warranty Provider may accept documents that appear on their face to be in order, without responsibility for further investigation.
(b) The parties hereby acknowledge and agree that in no event shall the Warranty Provider’s 's liability under this Agreement or any of the other Transaction Documents, including without limitation any liability under Section 5.2(c) and the Financial Warranty, exceed the Issued Financial --------------- Warranty Amount LimitAmount.
Appears in 1 contract
Samples: Financial Warranty Agreement (Oppenheimer Principal Protected Trust Ii)