Common use of Limitation of Liability; Responsibilities Clause in Contracts

Limitation of Liability; Responsibilities. (a) Agent shall not be liable for any loss or damage suffered by Owner as the result of any act or omission of any broker or other agent engaged by Owner in effecting purchases, sales or exchanges of Assets except to the extent of any liability caused by (I) the negligence, of Agent or its subagent or subcustodian, or (ii) the failure of Agent or its subagent or subcustodian to perform any acts required in this Agreement. Agent shall not be liable for loss or damage caused either directly or indirectly by invasion by a foreign power, insurrection, riot, war, nuclear disaster, order of civil authority, unrelated to any act or omission by agent, or subagent or subcustodian, or any causes beyond its control which cannot be covered by Agent's insurance. (b) Agent shall not be responsible to file any tax returns or pay any taxes due in connection with the Assets held hereunder and the income therefrom. (c) Agent shall be under no obligation to advise the Owner of due or tender dates for those Assets which have tender options attached to, stamped on, or incorporated in the Asset itself.

Limitation of Liability; Responsibilities. (a) Agent shall not be liable for any loss or damage suffered by Owner as the result of any act or omission of any broker or other agent engaged by Owner in effecting purchases, sales or exchanges of Assets except to the extent of any liability caused by (Ii) the negligence, of Agent or its subagent or subcustodian, or (ii) the failure of Agent or its subagent or Or subcustodian to perform any acts required in this Agreement. Agent shall not be liable for loss or damage caused either directly or indirectly by invasion by a foreign power, insurrection, riot, war, nuclear disaster, order of civil authority, unrelated to any act or omission by agent, or subagent or subcustodian, or any causes beyond its control which cannot be covered by Agent's insurance. (b) Agent shall not be responsible to file any tax returns or pay any taxes due in connection with the Assets held hereunder and the income therefrom. (c) Agent shall be under no obligation to advise the Owner of due or tender dates for those Assets which have tender options attached to, stamped on, or incorporated in the Asset itself.

Limitation of Liability; Responsibilities. (a) Agent shall not be ----------------------------------------- liable for any loss or damage suffered by Owner as the result of any act or omission of any broker or other agent engaged by Owner in effecting purchases, sales or exchanges of Assets except to the extent of any liability caused by (Ii) the negligence, of Agent or its subagent or subcustodian, or (ii) the failure of Agent or its subagent or subcustodian to perform any acts required in this Agreement. Agent shall not be liable for loss or damage caused either directly or indirectly by invasion by a foreign power, insurrection, riot, war, nuclear disaster, order of civil authority, unrelated to any act or omission by agent, or subagent or subcustodian, or any causes beyond its control which cannot be covered by Agent's insurance. (b) Agent shall not be responsible to file any tax returns or pay any taxes due in connection with the Assets held hereunder and the income therefrom. (c) Agent shall be under no obligation to advise the Owner of due or tender dates for those Assets which have tender options attached to, stamped on, or on incorporated in the Asset itself.

Limitation of Liability; Responsibilities. (a) Agent shall not be ----------------------------------------- liable for any loss or damage suffered by Owner as the result of any act or omission of any broker or other agent engaged by Owner in effecting purchases, sales or exchanges of Assets except to the extent of any liability caused by (Ii) the negligence, of Agent or its subagent or subcustodian, or (ii) the failure of Agent or its subagent or subcustodian to perform any acts required in this Agreement. Agent shall not be liable for loss or damage caused either directly or indirectly by invasion by a foreign power, insurrection, riot, war, nuclear disaster, order of civil authority, unrelated to any act or omission by agent, or subagent or subcustodian, or any causes beyond its control which cannot be covered by Agent's insurance. (b) Agent shall not be responsible to file any tax returns or pay any taxes due in connection with the Assets held hereunder and the income therefrom. (c) Agent shall be under no obligation to advise the Owner of due or tender dates for those Assets which have tender options attached to, stamped on, or incorporated in the Asset itself.