NON-LIABILITY OF SUB-MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Sub-Manager, or reckless disregard of its obligations and duties hereunder, the Sub-Manager shall not be subject to any liability to the Manager, any Fund or to any shareholder of any Fund, for any act or omission in the course of, or connected with, rendering services hereunder.
Appears in 108 contracts
Samples: Putnam Funds Sub Management Contract (Putnam Investment Funds), Putnam Funds Sub Management Contract (Putnam Variable Trust), Sub Management Contract (Putnam High Yield Fund)
NON-LIABILITY OF SUB-MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Sub-Manager, or reckless disregard of its obligations and duties hereunder, the Sub-Manager shall not be subject to any liability to the Manager, any Fund or to any shareholder of any Fund, for any act or omission in the course of, or connected with, rendering services hereunder. 8.
Appears in 37 contracts
Samples: Sub Management Contract (Putnam High Income Securities Fund), Sub Management Contract (Putnam Multi-Cap Growth Fund), Sub Management Contract (Putnam New Jersey Tax Exempt Income Fund)
NON-LIABILITY OF SUB-MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Sub-Sub Manager, or reckless disregard of its obligations and duties hereunder, the Sub-Sub Manager shall not be subject to any liability to the Manager, any Fund or to any shareholder of any Fund, for any act or omission in the course of, or connected with, rendering services hereunder. 8.
Appears in 22 contracts
Samples: Putnam Funds Sub Management Contract (Putnam International Equity Fund /Ma/), Putnam Funds Sub Management Contract (Putnam Income Fund), Putnam Funds Sub Management Contract (Putnam Investment Funds)
