Common use of Limitation of Liability of Xxxxxxxx Xxxxxxxx Clause in Contracts

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its delegates, including any Sub-Adviser or Sub-Administrator to any Series or the Trust, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Series, the Trust or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any Series or the Trust or acting with respect to any business of such Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it.

Appears in 13 contracts

Samples: Investment Advisory and Administration Contract (Painewebber Select Fund), Investment Advisory and Administration Contract (Mitchell Hutchins Series Trust/Ma/), And Administration Contract (Painewebber Investment Trust)

AutoNDA by SimpleDocs

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its officers, directors, employees and delegates, including any Sub-Adviser or Sub-Administrator to any Series or the TrustSeries, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Seriesthe Trust, the Trust Series or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any the Series or the Trust or acting with respect to any business of such the Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it.

Appears in 3 contracts

Samples: Interim Investment Management and Administration Contract (Painewebber Investment Trust), Painewebber America Fund /Ny/, Painewebber Olympus Fund/Ny

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its officers, directors, employees and delegates, including any Sub-Adviser or Sub-Administrator to any Series or the Trusta Series, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Seriesthe Trust, the Trust Series or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any a Series or the Trust or acting with respect to any business of such the Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it.

Appears in 1 contract

Samples: Painewebber Securities Trust

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its delegates, including any Sub-Adviser or Sub-Administrator to any Series or the Trust, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Series, the Trust or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any Series or the Trust or acting with respect to any business of such Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it.

Appears in 1 contract

Samples: Mitchell Hutchins Securities Trust

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its delegates, including any Sub-Adviser or Sub-Administrator to any Series or the Trust, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Series, the Trust or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any Series or the Trust or acting with respect to any business of such Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it. 10.

Appears in 1 contract

Samples: Investment Advisory and Administration Contract (Painewebber Investment Trust)

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its delegates, including any Sub-Adviser or Sub-Sub-- Administrator to any Series or the Trust, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Series, the Trust or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any Series or the Trust or acting with respect to any business of such Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it. 10.

Appears in 1 contract

Samples: Investment Advisory and Administration Contract (Painewebber Managed Investments Trust)

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its officers, directors, employees and delegates, including any Sub-Adviser or Sub-Administrator to any Series or the Trusta Series, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Seriesthe Trust, the Trust Series or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any a Series or the Trust or acting with respect to any business of such the Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it. 9.

Appears in 1 contract

Samples: Sub Advisory Contract Agreement (Painewebber Managed Investments Trust)

AutoNDA by SimpleDocs

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its officers, directors, employees and delegates, including any Sub-Adviser or Sub-Administrator SubAdviser to any Series or the TrustSeries, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Seriesthe Trust, the Trust Series or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any the Series or the Trust or acting with respect to any business of such the Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it.

Appears in 1 contract

Samples: Painewebber Managed Assets Trust

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its delegates, including any Sub-Adviser or Sub-Administrator to any Series or the TrustFund, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Series, the Trust Fund or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, TrusteeBoard member, employee or agent of the Trust Fund shall be deemed, when rendering services to any Series or the Trust Fund or acting with respect to any business of such Series or the TrustFund, to be rendering such service to or acting solely for the Series or the Trust Fund and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it.

Appears in 1 contract

Samples: Painewebber Financial Services Growth Fund Inc

Limitation of Liability of Xxxxxxxx Xxxxxxxx. Xxxxxxxx Xxxxxxxx and its officers, directors, employees and delegates, including any Sub-Adviser or Sub-Administrator to any Series or the Trusta Series, shall not be liable for any error of judgment or mistake of law or for any loss suffered by any Series, the Trust or any of its shareholders, in connection with the matters to which this Contract relates, except to the extent that such a loss results from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Contract. Any person, even though also an officer, director, employee, or agent of Xxxxxxxx Xxxxxxxx, who may be or become an officer, Trustee, employee or agent of the Trust shall be deemed, when rendering services to any a Series or the Trust or acting with respect to any business of such Series or the Trust, to be rendering such service to or acting solely for the Series or the Trust and not as an officer, director, employee, or agent or one under the control or direction of Xxxxxxxx Xxxxxxxx even though paid by it. 9.

Appears in 1 contract

Samples: Sub Advisory Contract Agreement (Brinson Managed Investments Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!