Performance of Service. Firstar shall exercise reasonable care in the performance of its duties under the Agreement. The Fund agrees to reimburse and make Firstar whole for any loss or damages (including reasonable fees and expenses of legal counsel) arising out of or in connection with its actions under this Agreement so long as Firstar acts in good faith and is not negligent or guilty of any willful misconduct. Firstar shall not be liable or responsible for delays or errors occurring by reason of circumstances beyond its control, including acts of civil or military authority, natural or state emergencies, fire, mechanical breakdown, flood or catastrophe, acts of God, insurrection, war, riots or failure of transportation, communication or power supply. In the event of a mechanical breakdown beyond its control, Firstar shall take all reasonable steps to minimize service interruptions for any period that such interruption continues beyond Firstar's control. Firstar will make every reasonable effort to restore any lost or damaged data and the correcting of any errors resulting from such a breakdown will be at the expense of Firstar. Firstar agrees that it shall at all times have reasonable contingency plans with appropriate parties, making reasonable provision for emergency use of electrical data processing equipment to the extent appropriate equipment is available. Representatives of the Fund shall be entitled to inspect Firstar's premises and operating capabilities at any time during regular business hours of Firstar, upon reasonable notice to Firstar. This indemnification includes any act, omission to act, or delay by Firstar in reliance upon, or in accordance with, any written or oral instruction it receives from any duly authorized officer of the Fund. Regardless of the above, Firstar reserves the right to reprocess and correct administrative errors at its own expense.
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Samples: Fund Accounting Servicing Agreement (Prudent Bear Funds Inc), Fund Accounting Servicing Agreement (Prudent Bear Funds Inc), Fund Accounting Servicing Agreement (Leuthold Funds Inc)
Performance of Service. Firstar Provider shall exercise reasonable care in the performance of its duties under the Agreement. The Fund agrees to reimburse and make Firstar Provider whole for any loss or damages (including reasonable fees and expenses of legal counsel) arising out of or in connection with its actions under this Agreement so long as Firstar Provider acts in good faith and is not negligent or guilty of any willful misconduct. Firstar Provider shall not be liable or responsible for delays or errors occurring by reason of circumstances beyond its control, including acts of civil or military authority, natural or state emergencies, fire, mechanical breakdown, flood or catastrophe, acts of God, insurrection, war, riots or failure of transportation, communication or power supply. In the event of a mechanical breakdown beyond its control, Firstar Provider shall take all reasonable steps to minimize service interruptions for any period that such interruption continues beyond Firstar's Provider’s control. Firstar Provider will make every reasonable effort to restore any lost or damaged data and the correcting of any errors resulting from such a breakdown will be at the expense of FirstarProvider. Firstar Provider agrees that it shall at all times have reasonable contingency plans with appropriate parties, making reasonable provision for emergency use of electrical data processing equipment to the extent appropriate equipment is available. Representatives of the Fund shall be entitled to inspect Firstar's Provider’s premises and operating capabilities at any time during regular business hours of FirstarProvider, upon reasonable notice to FirstarProvider. This indemnification includes any act, omission to act, or delay by Firstar Provider in reliance upon, or in accordance with, any written or oral instruction it receives from any duly authorized officer of the Fund. Regardless of the above, Firstar Provider reserves the right to reprocess and correct administrative errors at its own expense.
Appears in 1 contract
Samples: Fund Accounting Services Agreement (Perritt Funds Inc)