Responsibility for Sub-custodians. The Custodian shall be liable to the Company for any loss or damage to the Company caused by or resulting from the acts or omissions of any Sub-custodian to the extent that such acts or omissions would be deemed to be negligence, gross negligence or willful misconduct under the laws of the United States.
Appears in 3 contracts
Samples: Custody Agreement (Foxby Corp.), Custody Agreement (Dividend & Income Fund), Custody Agreement (Midas Series Trust)
Responsibility for Sub-custodians. The Custodian shall be liable to the Company for any loss or damage to the Company caused by or resulting from the acts or omissions of any Sub-custodian (other than a Sub-Custodian directed to be appointed by the Trust) to the extent that such acts or omissions would be deemed to be negligence, gross negligence or willful misconduct in accordance with the terms of the relevant Sub-custodian agreement under the laws of laws, circumstances and practices prevailing in the United Statesplace where the act or omission occurred.
Appears in 1 contract
Samples: Custody Agreement (Peachtree Alternative Strategies Fund)
