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 3 contracts
Samples: Agreement and Declaration of Trust (Salient Midstream & MLP Fund), Federated Covered Call Treasury Fund, Federated Enhanced Treasury Income 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 or advice given to the Trust by any of the Trust's its officers or employees or by any advisorinvestment adviser, administrator, manager, distributor, selected dealer, 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 2 contracts
Samples: Agreement and Declaration (Pennsylvania Avenue Funds), Agreement and Declaration (Pennsylvania Avenue Funds)
Reliance on Experts, etc. Each Trustee and officer or employee representative 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 counselcounsel satisfactory to the Trust, or upon reports made or advice given to the Trust by any of the Trust's officers its representatives or employees or by any advisorthe investment adviser, administrator, manager, distributorthe principal underwriter, selected dealerdealers, accountantaccountants, appraiser appraisers or other expert experts or consultant consultants selected with reasonable care by the Trustees, officers Trustees or employees representatives of the Trust, regardless of whether such counsel or expert may also be a Trustee.
Appears in 2 contracts
Samples: Agreement and Declaration (Galaxy Vip Fund), Agreement and Declaration (Conestoga Family of Funds)
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 or advice given to the Trust by any of the Trust's its officers or employees or by any advisorInvestment Adviser, administratorDistributor, 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 counselor expert may also be a Trustee.
Appears in 1 contract
Samples: USBAM Securities Lending 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 or advice given 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 1 contract
Samples: Cornerstone Progressive Return Fund