Common use of Responsibility of Adviser Clause in Contracts

Responsibility of Adviser. The Adviser assumes no responsibility under this contract other than to render the services called for hereunder in good faith and shall not be responsible for any action of the directors and officers of the Fund in following or declining to follow any advice or recommendation of the Adviser.

Responsibility of Adviser. The Adviser assumes no responsibility under this contract Agreement other than to render the services called for hereunder hereunder, in good faith faith, and shall not be responsible for any action of the directors and officers of the Fund Trustees in following or declining to follow any advice or recommendation of the Adviser; provided, however, that nothing in this Agreement shall protect the Adviser against any liability to the Portfolio or its shareholders to which it would otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties hereunder.