Common use of Reliance on Experts, etc Clause in Contracts

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 151 contracts

Samples: Agreement and Declaration of Trust (Axxes Opportunistic Credit Fund), Agreement and Declaration of Trust (Kennedy Lewis Capital Co), Agreement and Declaration of Trust (Axxes Opportunistic Credit Fund)

AutoNDA by SimpleDocs

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert other person may also be a Trustee.

Appears in 19 contracts

Samples: Agreement and Declaration of Trust (Gabelli Go Anywhere Trust), Agreement and Declaration of Trust (Gabelli Healthcare & WellnessRx Trust), Agreement and Declaration of Trust (Gabelli Natural Resources, Gold & Income Trust)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert other person may also be a Trustee.

Appears in 14 contracts

Samples: Agreement and Declaration of Trust (Gabelli Go Anywhere Trust), Agreement and Declaration of Trust (Gabelli Global Small & Mid Cap Value Trust), Trust Agreement (Gabelli Healthcare & WellnessRx Trust)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert other person may also be a Trustee.. ARTICLE V

Appears in 10 contracts

Samples: Agreement and Declaration of Trust (GDL Fund), Agreement and Declaration of Trust (Gabelli Global Utility & Income Trust), Agreement and Declaration of Trust (Gabelli Global Gold, Natural Resources & Income Trust)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust or any Series of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustTrust or any Series of the Trust or Class thereof, upon an opinion of counsel, or upon reports made to the Trust or any Series thereof by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or other expert may also be a Trustee.

Appears in 7 contracts

Samples: Agreement and Declaration of Trust (Tidal Trust III), Agreement and Declaration of Trust (Impact Shares Trust I), Trust Agreement (Blackrock Allocation Target Shares)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made or advice given to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 7 contracts

Samples: Agreement and Declaration of Trust (Federated Hermes Core Trust III), Agreement and Declaration of Trust (Federated Hermes Core Trust III), Agreement and Declaration of Trust (Federated Hermes Core Trust III)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust Company shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustCompany, upon an opinion of counsel, or upon reports made to the Trust Company by any of the TrustCompany’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the TrustCompany, regardless of whether such counsel or expert may also be a Trustee.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (TPG Twin Brook Capital Income Fund), Agreement and Declaration of Trust (AG Twin Brook Capital Income Fund), Agreement and Declaration of Trust (AG Twin Brook Capital Income Fund)

Reliance on Experts, etc. Each Trustee and Trustee, officer or employee of the Trust or a Series thereof shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustTrust or a Series thereof, upon an opinion of counsel, or upon reports made to the Trust or a Series thereof by any of the Trust’s its officers or employees or by any advisorthe Investment Adviser, administratorthe Administrator, managerthe Underwriter, distributorTransfer Agent, selected dealerdealers, accountantaccountants, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 5 contracts

Samples: Trust Agreement (John Hancock Preferred Income Fund Ii), Trust Agreement (John Hancock Preferred Income Fund Iii), Trust Agreement (John Hancock Preferred & Equity Income Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisoradviser, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Pertuity Funds), Trust Agreement (National Retail Fund III), Agreement and Declaration of Trust (National Retail Fund I)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trustconsultant, regardless of whether such counsel or expert may also be a Trustee, as to matters such Trustee, officer or employee reasonably believes to be within such Person’s professional or expert competence.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Paramount Access Fund), Agreement and Declaration of Trust (Paramount Institutional Access Fund), Agreement and Declaration of Trust (Paramount Institutional Access Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, counsel or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert other person may also be a Trustee.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Alpine Global Dynamic Dividend Fund), Agreement and Declaration of Trust (Global Real Estate Investments Fund), Agreement and Declaration of Trust (Alpine Global Premier Properties Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser appraiser, information agent or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (A&Q Masters Fund), Agreement and Declaration of Trust (O'Connor Fund of Funds: Masters), Agreement and Declaration of Trust (O'Connor Fund of Funds: Multi-Strategy)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust or any Series of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustTrust or any Series of the Trust or Class thereof, upon an opinion of counsel, or upon reports made to the Trust or any Series thereof by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or other expert may also be a Trustee.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Ned Davis Research Funds), Agreement and Declaration of Trust (Q Research Funds), Agreement and Declaration of Trust (Blackrock Bond Allocation Target Shares)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, counsel or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisoradviser, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert other person may also be a Trustee.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Global Real Estate Opportunity Trust), Trust Agreement (Global Real Estate Investments Fund), Agreement and Declaration of Trust (Global Real Estate Opportunity Trust)

Reliance on Experts, etc. Each Trustee and each officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, counsel or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisorthe Adviser, administratorthe Administrator, managerthe Custodian, distributoraccountants, selected dealer, accountant, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, Trustees or officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 2 contracts

Samples: Interlocal Agreement and Declaration of Trust, Joint Powers Agreement (Iowa Public Agency Investment Trust)

Reliance on Experts, etc. Each Trustee and Trustee, officer or employee of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisora transfer agent, administratoraccountants, manager, distributor, selected dealer, accountant, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 2 contracts

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

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust or any Series of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustTrust or any Series of the Trust or Class thereof, upon an opinion of counsel, or upon reports made to the Trust or any Series thereof by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 2 contracts

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

Reliance on Experts, etc. Each Trustee and each officer or employee of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, counsel or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisorthe Adviser, administratoraccountants, manager, distributor, selected dealer, accountant, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, Trustees or officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Providian Series Trust), Trust Agreement (Conseco Fund Group)

Reliance on Experts, etc. Each Trustee and officer or ------------------------- employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Blackrock Municipal Income Trust), Agreement and Declaration of Trust (Blackrock California Municipal Income Trust)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, counsel or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert other person may also be a Trustee.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Alpine Total Dynamic Dividend Fund), Trust Agreement (Alpine Rising Dynamic Dividend Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust Company shall, in the performance of its his or her duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustCompany, upon an opinion of counsel, or upon reports made to the Trust Company by any of the Trust’s its officers or employees or by any advisorInvestment Adviser, administrator, manager, distributor, selected dealerAdministrator, accountant, appraiser or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the TrustCompany, regardless of whether such counsel or expert may also be a Trustee.

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)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser appraiser, information agent or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (A&Q Multi-Strategy Fund), Agreement and Declaration of Trust (CPG FrontPoint MultiStrat Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the ------------------------ Trust shall, in the performance of its his or her duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisorInvestment Adviser, administrator, manager, distributor, selected dealerAdministrator, accountant, appraiser or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Brinson Relationship Funds)

AutoNDA by SimpleDocs

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisorthe Investment Adviser, administrator, manager, distributorTransfer Agent, selected dealerdealers, accountantaccountants, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

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

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisorthe Investment Adviser, administratorthe Distributor, manager, distributorTransfer Agent, selected dealerdealers, accountantaccountants, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

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

Reliance on Experts, etc. Each Trustee and officer or employee ------------------------- of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Blackrock New York Municipal Income Trust)

Reliance on Experts, etc. Each Trustee and Trustee, officer or employee of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisormanager, adviser, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.or

Appears in 1 contract

Samples: Agreement and Declaration of Trust (American Funds Portfolio Series)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, shall be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (DeGreen Emerging Market Managers Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisor, administrator, managerinvestment adviser, distributor, transfer agent, selected dealerdealers, accountantaccountants, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Premier Vit)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (UBS Enso Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s Trusts officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (NexPoint Strategic Opportunities Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of ------------------------- the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Blackrock Florida Municipal Income Trust)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust or any Series of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustTrust or any Series of the Trust or Class thereof, upon an opinion of counsel, or upon reports made to the Trust or any Series thereof by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected 15 dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert other person may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Dljdirect Mutual Funds)

Reliance on Experts, etc. Each Trustee and Trustee, officer or employee of the Trust or a Series thereof shall, in the performance of its his duties, powers and discretion hereunder be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustTrust or a Series thereof, upon an opinion of counsel, or upon reports made to the Trust or a Series thereof by any of the Trust’s its officers or employees or by any advisorthe Investment Adviser, administratorthe Administrator, managerthe Distributor, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.Transfer

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Kelmoore Strategic Trust)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its his duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s its officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Trust Agreement (Explorer Institutional Trust)

Reliance on Experts, etc. Each Trustee and officer or ------------------------ employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s 's officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Blackrock New Jersey Municipal Income Trust)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the Trust’s officers or employees or by any advisor, administrator, managerInvestment Manager, distributor, selected dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Trust Agreement (Little Harbor MultiStrategy Composite Fund)

Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its the Trustee's, officer's and employee's duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the TrustTrust or any Series, upon an opinion of counsel, or upon reports made to the Trust or any Series by any of the Trust’s its officers or employees or by any advisor, administrator, manager, distributor, selected dealerInvestment Manager, accountant, appraiser or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee.

Appears in 1 contract

Samples: Trust Instrument (Core Trust /De)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!