Common use of Limitation on Liability Clause in Contracts

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 95 contracts

Samples: Sub Investment Advisory Agreement (BlackRock Private Investments Fund), Sub Investment Advisory Agreement (BlackRock Capital Allocation Term Trust), Sub Investment Advisory Agreement (BlackRock Private Investments Fund)

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Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 16 contracts

Samples: Sub Investment Advisory Agreement (BlackRock Private Investments Fund), Sub Investment Advisory Agreement (BlackRock ESG Capital Allocation Trust), Sub Investment Advisory Agreement (Blackrock Master LLC)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Sub-Adviser or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 9 contracts

Samples: Sub Investment Advisory Agreement (Advantage Advisers Multi - Sector Fund I), Sub Investment Advisory Agreement (Advantage Advisers Multi - Sector Fund I), Sub Investment Advisory Agreement (Advantage Advisers Multi - Sector Fund I)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.. As used in this Section 9(a), the term "

Appears in 9 contracts

Samples: Sub Investment Advisory Agreement (Merrill Lynch Retirement Reserves Mo Fu of Mer Lyn Re Ser Tr), Sub Investment Advisory Agreement (Financial Institutions Series Trust), Sub Investment Advisory Agreement (Merrill Lynch Equity Dividend Fund)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Funds in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 9 contracts

Samples: Sub Investment Advisory Agreement (Managed Account Series), Sub Investment Advisory Agreement (Managed Account Series), Sub Investment Advisory Agreement (Quantitative Master Series Trust)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust (or their respective agents) in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 8 contracts

Samples: Investment Sub Advisory Agreement (Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust), Investment Sub Advisory Agreement (Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust), Investment Sub Advisory Agreement (Guggenheim Taxable Municipal Managed Duration Trust)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 7 contracts

Samples: Sub Investment Advisory Agreement (Blackrock Income Trust, Inc.), Sub Investment Advisory Agreement (BlackRock ESG Capital Allocation Trust), Sub Investment Advisory Agreement (Blackrock Floating Rate Income Strategies Fund, Inc.)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error ----------------------- of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust Portfolio in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 6 contracts

Samples: Sub Advisory Agreement (Compass Capital Funds\), Sub Advisory Agreement (PNC Fund), Sub Advisory Agreement (Compass Capital Funds\)

Limitation on Liability. (a) The the Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust (or their respective agents) in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 5 contracts

Samples: Investment Sub Advisory Agreement (Guggenheim Energy & Income Fund), Investment Sub Advisory Agreement (Guggenheim Credit Allocation Fund), Investment Sub Advisory Agreement (Guggenheim Credit Allocation Fund)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Funds in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from its reckless disregard by it of its duties under this Agreement.

Appears in 5 contracts

Samples: Sub Investment Advisory Agreement (BlackRock Alternatives Allocation FB TEI Portfolio LLC), Sub Investment Advisory Agreement (BlackRock Alternatives Allocation FB Portfolio LLC), Sub Investment Advisory Agreement (BlackRock Alternatives Allocation TEI Portfolio LLC)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any ----------------------- error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust Portfolio in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 5 contracts

Samples: Sub Advisory Agreement (Compass Capital Funds\), Sub Advisory Agreement (Blackrock Funds), Sub Advisory Agreement (Blackrock Funds)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Portfolio in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 4 contracts

Samples: Sub Advisory Agreement (PNC Fund), Sub Advisory Agreement (PNC Fund), Sub Advisory Agreement (PNC Fund)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Investment Advisor or by the Trust Company in connection with the performance of matters to which this AgreementAgreement relates, except it shall be liable to the Investment Advisor and the Company for a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 3 contracts

Samples: Sub Advisory Agreement (RBB Fund Inc), Sub Advisory Agreement (RBB Fund Inc), Sub Advisory Agreement (RBB Fund Inc)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 3 contracts

Samples: Sub Investment Advisory Agreement (BlackRock Variable Series Funds, Inc.), Sub Investment Advisory Agreement (BlackRock Variable Series Funds, Inc.), Sub Investment Advisory Agreement (BlackRock Variable Series Funds, Inc.)

Limitation on Liability. (a1) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 3 contracts

Samples: Investment Sub Advisory Agreement (Ned Davis Research Funds), Sub Investment Advisory Agreement (Blackrock California Municipal 2018 Term Trust), Sub Investment Advisory Agreement (Blackrock New York Municipal 2018 Term Trust)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.. 10/

Appears in 2 contracts

Samples: Sub Investment Advisory Agreement Agreement (BlackRock Variable Series Funds, Inc.), Sub Investment Advisory Agreement Agreement (BlackRock Variable Series Funds, Inc.)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust LLC in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 2 contracts

Samples: Sub Investment Advisory Agreement (BlackRock Credit Strategies Fund), Sub Investment Advisory Agreement (BlackRock Private Investments Fund)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust any Portfolio in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 2 contracts

Samples: Sub Advisory Agreement (Blackrock Funds), Sub Advisory Agreement (Blackrock Funds)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 2 contracts

Samples: Sub Investment Advisory Agreement (Blackrock Strategic Municipal Trust), Sub Investment Advisory Agreement (Blackrock Pennsylvania Strategic Municipal Trust)

Limitation on Liability. (a) The Sub-Advisor Sub‑Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 2 contracts

Samples: Sub‑investment Advisory Agreement (Blackrock Corporate High Yield Fund, Inc.), Sub‑investment Advisory Agreement (Blackrock Debt Strategies Fund, Inc.)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error ----------------------- of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust a Portfolio in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 1 contract

Samples: Sub Advisory Agreement (Blackrock Funds)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement. 10.

Appears in 1 contract

Samples: Sub Investment Advisory Agreement (BlackRock Variable Series Funds, Inc.)

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Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of ----------------------- judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust Portfolio in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 1 contract

Samples: Sub Advisory Agreement (Blackrock Funds)

Limitation on Liability. (a1) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 1 contract

Samples: Sub Investment Advisory Agreement (Blackrock New Jersey Strategic Municipal Trust)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Funds in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 1 contract

Samples: Sub Investment Advisory Agreement (BlackRock Resources & Commodities Strategy Trust)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.from

Appears in 1 contract

Samples: Sub Investment Advisory Agreement (Master Basic Value Trust)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Advisor, any other sub- advisor to the Trust or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 1 contract

Samples: Sub Advisory Agreement (Partners Balanced Trust)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this AgreementDisabling Conduct.

Appears in 1 contract

Samples: Investment Sub Advisory Agreement (Highland Funds I)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any ----------------------- error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 1 contract

Samples: Sub Investment Advisory Agreement (Blackrock High Yield Trust)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust or the Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.. As used in this Section 9(a), the term "

Appears in 1 contract

Samples: Blackrock Funds (Blackrock Funds)

Limitation on Liability. (a) The Sub-Advisor Sub‑Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 1 contract

Samples: Sub‑investment Advisory Agreement (Blackrock Core Bond Trust)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust or the Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.. As used in this Section 8(a), the term “Sub-

Appears in 1 contract

Samples: Sub Investment Advisory Agreement (Blackrock Funds)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Sub-Adviser, the Adviser or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.

Appears in 1 contract

Samples: Investment Sub Advisory Agreement (Dreman Claymore Dividend & Income Fund)

Limitation on Liability. (a) The Sub-Advisor Adviser will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor Adviser or by the Trust Portfolio in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 or duties under this Agreement.

Appears in 1 contract

Samples: Sub Advisory Agreement (Blackrock Funds)

Limitation on Liability. (a) The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor or by the Trust Corporation or the Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting 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 duties under this Agreement.. As used in this Section 9(a), the term "

Appears in 1 contract

Samples: Investment Advisory Agreement (FDP Series, Inc.)

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