NONLIABILITY OF ADVISOR. The Advisor shall exercise its best judgement in rendering its services under this Agreement. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Advisor, or reckless disregard of its obligations and duties hereunder, the Advisor shall not be subject to any liability to the Trust, or to any shareholder of the Trust, for any act or omission in the course of, or connected with, rendering services hereunder.
Appears in 7 contracts
Samples: Investment Advisory Agreement (Sierra Prime Income Fund), Investment Advisory Agreement (Sierra Prime Income Trust), Investment Advisory Agreement (Sierra Prime Income Fund)
