Common use of Non-Liability of Trustees, Etc Clause in Contracts

Non-Liability of Trustees, Etc. No Trustee, officer or employee of the Trust shall be liable to the Trust or to any Shareholder, Trustee, officer or employee thereof, for any action or failure to act (including, without limitation, the failure to compel in any way any former or acting Trustee to redress any breach of trust), except for and in the case of such person’s own bad faith, willful misfeasance or reckless disregard of the duties involved in the conduct of his office.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Extra Space Storage Inc.), Agreement and Declaration of Trust (Extra Space Storage Inc.)

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Non-Liability of Trustees, Etc. No Trustee, officer or employee of the Trust Company shall be liable to the Trust Company, Holders of Interests therein, or to any Shareholder, Trustee, officer or employee thereof, thereof for any action or failure to act (including, without limitation, the failure to compel in any way any former or acting Trustee to redress any breach of trust), ) except for and in the case of such person’s his or her own bad faith, willful misfeasance misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of his officeor her duties.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Columbia Funds Master Investment Trust, LLC), Limited Liability Company Agreement (Columbia Funds Master Investment Trust LLC)

Non-Liability of Trustees, Etc. No Trustee, officer officer, employee or employee agent of the Trust or any Series of the Trust shall be liable to the Trust or the respective Series, the Shareholders of the Trust or the respective Series, or to any Shareholder, Trustee, officer officer, employee, or employee thereof, agent thereof for any action or failure to act (including, including without limitation, limitation the failure to compel in any way any former or acting Trustee to redress any breach of trust), ) except for and in the case of such person’s his own bad faith, willful misfeasance misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of his officeduties.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Credit Suisse Opportunity Funds)

Non-Liability of Trustees, Etc. No Trustee, officer officer, employee or employee agent of the Trust shall be liable to the Trust Trust, any Series, its Shareholders, or to any Shareholder, Trustee, officer officer, employee, or employee thereof, agent thereof for any action or failure to act (including, including without limitation, limitation the failure to compel in any way any former or acting Trustee to redress any breach of trust), Trust) except for and in the case of such person’s his own bad faith, willful misfeasance misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of his officeduties.

Appears in 1 contract

Samples: Trust Agreement (Explorer Institutional Trust)

Non-Liability of Trustees, Etc. No Trustee, officer officer, employee or employee agent of the Trust shall be liable to the Trust Trust, its Shareholders, or to any Shareholder, Trustee, officer officer, employee, or employee thereof, agent thereof for any action or failure to act (including, including without limitation, limitation the failure to compel in any way any former or acting Trustee to redress any breach of trust), ) except for and in the case of such person’s his own bad faith, willful misfeasance wilful misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of his officeduties.

Appears in 1 contract

Samples: Declaration of Trust (MFS Sun Life Series Trust)

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Non-Liability of Trustees, Etc. No Trustee, officer officer, employee or employee agent of the Trust shall be liable to the Trust Trust, its Shareholders or to any Shareholder, Trustee, officer officer, employee or employee thereof, agent thereof for any action or failure to act (including, including without limitation, limitation the failure to compel in any way any former or acting Trustee to redress any breach of trust), ) except for and in the case of such person’s his own bad faith, willful misfeasance misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of his officeduties.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Premier Vit)

Non-Liability of Trustees, Etc. No Trustee, officer officer, employee or employee agent of the Trust or any Series thereof shall be liable to the Trust Trust, its Shareholders, or to any other Shareholder, Trustee, officer officer, employee, or employee thereof, agent thereof for any action or failure to act (including, including without limitation, limitation the failure to compel in any way any former or acting Trustee to redress any breach of trust), Trust) except for and in the case of such person’s his own bad faith, willful misfeasance misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of his office.

Appears in 1 contract

Samples: Trust Agreement (John Hancock Diversified Income Fund)

Non-Liability of Trustees, Etc. No Trustee, officer officer, employee or employee agent of the Trust shall be liable to the Trust Trust, its Shareholders, or to any Shareholder, Trustee, officer officer, employee or employee thereof, agent thereof for any action or failure to act (including, including without limitation, limitation the failure to compel in any way any former or acting Trustee to redress any breach of trust), ) except for and in the case of such person’s his own bad faith, willful misfeasance misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of his officeduties.

Appears in 1 contract

Samples: Amended Declaration of Trust (Gartmore Variable Insurance Trust)

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