Common use of Reliance on Experts, etc Clause in Contracts

Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of 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 its officers or employees or by any manager, adviser, administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust Instrument, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice.

Appears in 110 contracts

Samples: Agreement and Declaration of Trust (American Funds College Target Date Series), Agreement and Declaration of Trust (American Funds Target Date Retirement Series), Agreement and Declaration of Trust (American Funds College Target Date Series)

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Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of 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 its officers or employees or by any manager, adviser, administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust InstrumentDeclaration, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice.

Appears in 12 contracts

Samples: Declaration of Trust (Aristotle Funds Series Trust), Agreement and Declaration (Lord Abbett Trust I), Declaration of Trust (Gabelli Innovations Trust)

Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of 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 its officers or employees or by any manager, adviser, administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust Instrument, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice.

Appears in 8 contracts

Samples: Agreement and Declaration (Capital Group Fixed Income ETF Trust), Agreement and Declaration (Capital Group Fixed Income ETF Trust), Agreement and Declaration of Trust (Capital Group International Focus Equity ETF)

Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of 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 its officers or employees or by any manager, adviser, administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust InstrumentDeclaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice.

Appears in 2 contracts

Samples: Managed Portfolio Series, Agreement and Declaration of Trust (Managed Portfolio Series)

Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of 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 its officers or employees or by any managerManager, adviser, administratorthe Administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust InstrumentDeclaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice.

Appears in 2 contracts

Samples: Agreement and Declaration (BlackRock Long-Horizon Equity Fund), Agreement and Declaration (Merrill Lynch Global Equity Opportunities Fund)

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Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of 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 [Missing Graphic Reference] other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of its officers or employees or by any managerManager, adviser, administratorthe Administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust InstrumentDeclaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (BlackRock Long-Horizon Equity Fund)

Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of 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 its officers or employees or by any manager, adviser, administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust InstrumentDeclaration, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice.

Appears in 1 contract

Samples: Agreement and Declaration (Pacific Select Fund)

Reliance on Experts, etc. Each Trustee, officer or employee of the Trust shall, in the performance of his his/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 its officers or employees or by any manager, adviser, administrator, 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. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Trust InstrumentDeclaration, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Pacific Select Fund)

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