Professional Advice. When deemed necessary for the proper performance of its duties under this Agreement with respect to specific and non-routine matters involving one or more of the Funds, State Street may, with the consent of a Fund (which consent shall not be unreasonably withheld), seek legal, tax, financial, administrative or other advice of a reputable professional adviser and State Street shall be reimbursed in respect of any costs and expenses properly incurred in obtaining and receiving any such advice. State Street shall have no liability to a Fund for any loss, liability, claim, cost, expense, tax or assessment arising as a direct or indirect result of having relied on such advice in good faith.
Appears in 23 contracts
Samples: Administrative Services Agreement (BlackRock Multi-Sector Opportunities Trust II), Administrative Services Agreement (Blackrock Muniyield New Jersey Fund, Inc.), Administrative Services Agreement (BlackRock Fixed Income Value Opportunities II)
