Common use of Responsibility and Control Clause in Contracts

Responsibility and Control. Notwithstanding any other provision of this Agreement, it is understood and agreed that the Trust reserves the right to direct, approve or disapprove any action hereunder taken on its behalf by the Subadviser, provided, however, that the Subadviser shall not be liable for any losses to the Trust resulting from the Trust’s direction, or from the Trust’s disapproval of any action proposed to be taken by the Subadviser.

Appears in 84 contracts

Samples: Subadvisory Agreement (Pacific Select Fund), Subadvisory Agreement (Pacific Select Fund), Subadvisory Agreement (Aristotle Funds Series Trust)

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Responsibility and Control. Notwithstanding any other provision of this Agreement, it is understood and agreed that the Trust reserves the right to direct, approve or disapprove any action hereunder taken on its behalf by the Subadviser, provided, however, that the Subadviser shall not be liable for any losses or damages to the Trust resulting from the Trust’s direction, or from the Trust’s disapproval of any action proposed to be taken by the Subadviser.

Appears in 4 contracts

Samples: Subadvisory Agreement (Pacific Select Fund), Subadvisory Agreement (PACIFIC FUNDS SERIES TRUST (Formerly Called PACIFIC LIFE FUNDS)), Subadvisory Agreement (PACIFIC FUNDS SERIES TRUST (Formerly Called PACIFIC LIFE FUNDS))

Responsibility and Control. Notwithstanding any other provision of this Agreement, it is understood and agreed that the Trust reserves the right to direct, approve direct or disapprove any action in writing hereunder taken on its behalf by the Subadviser, provided, however, that the Subadviser shall not be liable for any losses or claims to the Trust or Investment Adviser resulting from the Trust’s written direction, or from the Trust’s written disapproval of any action proposed to be taken by the Subadviser.

Appears in 3 contracts

Samples: Subadvisory Agreement (Pacific Life Funds), Subadvisory Agreement (Pacific Select Fund), Subadvisory Agreement (Pacific Select Fund)

Responsibility and Control. Notwithstanding any other provision of this Agreement, it is understood and agreed that the Trust reserves the right to direct, approve or disapprove any action hereunder taken on its behalf by the Subadviser, provided, however, that the Subadviser shall not be liable for any losses to the Trust resulting from the Trust’s or Investment Adviser’s direction, or from the Trust’s or Investment Adviser’s disapproval of any action proposed to be taken by the Subadviser.

Appears in 2 contracts

Samples: Subadvisory Agreement (Pacific Funds Series Trust), Subadvisory Agreement (Pacific Select Fund)

Responsibility and Control. Notwithstanding any other provision of this Agreement, it is understood and agreed that the Trust shall at all times retain the ultimate responsibility for and control of all functions performed pursuant to this Agreement and reserves the right to direct, approve or disapprove any action hereunder taken on its behalf by the Subadviser, provided, however, that the Subadviser shall not be liable for any losses or claims to the Trust resulting from the Trust’s direction, or from the Trust’s disapproval of any action proposed to be taken by the Subadviser.

Appears in 2 contracts

Samples: Subadvisory Agreement (Pacific Funds Series Trust), Subadvisory Agreement (Pacific Select Fund)

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Responsibility and Control. Notwithstanding any other provision of this Agreement, it is understood and agreed that the Trust reserves the right to direct, approve or disapprove any action hereunder taken on its behalf by the Subadviser or Sub-Subadviser, provided, however, that neither the Subadviser nor the Sub-Subadviser shall not be liable for any losses to the Trust resulting from the Trust’s direction, or from the Trust’s disapproval of any action proposed to be taken by the Subadviser or Sub-Subadviser.

Appears in 1 contract

Samples: Subadvisory Agreement (Pacific Select Fund)

Responsibility and Control. Notwithstanding any other provision of this Agreement, it is understood and agreed that the Trust reserves the right to direct, approve or disapprove any action hereunder taken on its behalf by the Subadviser, provided, however, that the Subadviser shall not be liable for any losses to the Trust resulting from the Trust’s 's direction, or from the Trust’s 's disapproval of any action proposed to be taken by the Subadviser.

Appears in 1 contract

Samples: Portfolio Management Agreement (Pacific Select Fund)

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