Common use of NONLIABILITY OF MANAGER Clause in Contracts

NONLIABILITY OF MANAGER. Notwithstanding any other provisions of this Agreement, in the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager, including its officers, directors, members, shareholders, employees and partners, shall not be subject to any liability to the Fund, or to any shareholder, officer, director, partner, employee or Trustee thereof, for any act or omission in the course of, or connected with, rendering services hereunder.

NONLIABILITY OF MANAGER. Notwithstanding any other provisions of this Agreement, in the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager, including and its officers, directors, members, shareholders, employees employees, partners and partnersaffiliates, shall not be subject to any liability to the FundTrust, or to any shareholder, officer, director, partner, employee or Trustee thereof, for any act or omission in the course of, or connected with, rendering services hereunder.

NONLIABILITY OF MANAGER. Notwithstanding any other provisions of this Agreement, in the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager, including its officers, directors, members, shareholders, employees and partners, shall not be subject to any liability to the FundFund , or to any shareholder, officer, director, partner, employee or Trustee thereof, for any act or omission in the course of, or connected with, rendering services hereunder.hereunde r.

NONLIABILITY OF MANAGER. Notwithstanding any other provisions of this Agreement, in the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager, including its officers, directors, members, shareholders, employees members and partners, shall not be subject to any liability to the FundSubsidiary, or to any shareholder, officer, directorDirector, partner, employee or Trustee partner thereof, for any act or omission in the course of, or connected with, rendering services hereunder.