Responsibility for Delegates. The Custodian will be liable to the Client for the acts and omissions of its Delegates as if it had committed such acts and omissions itself.
Appears in 71 contracts
Sources: Custody Agreement (Strategic Trust), Custodian Agreement (New Mountain Private Credit Fund), Custody Agreement (Diamond Hill Securitized Credit Fund)
Responsibility for Delegates. The Custodian will be liable to responsible for the Client for Services delivered by, and the acts and omissions of its Delegates of, any such Delegate as if it the Custodian had committed such acts and omissions itself.
Appears in 5 contracts
Sources: Custody Agreement (TCW Funds Inc), Custody Agreement (TCW Metropolitan West Funds), Custody Agreement (TCW Private Asset Income Fund)
Responsibility for Delegates. The Custodian will be liable to the Client Trust for the acts and omissions of its Delegates as if it had committed such acts and omissions itself.
Appears in 2 contracts
Sources: Custody Agreement (Litman Gregory Funds Trust), Custody Agreement (Litman Gregory Funds Trust)