Common use of Responsibility of PFPC Trust Clause in Contracts

Responsibility of PFPC Trust. PFPC Trust shall be under no duty to take any action on behalf of the Fund or Portfolio except as specifically set forth herein or as may be specifically agreed to by PFPC Trust in writing. PFPC Trust shall be obligated to exercise care and diligence in the performance of its duties hereunder, to act in good faith and to use its best efforts, within reasonable limits, in performing services provided for under this Agreement. PFPC Trust shall be liable for any damages arising out of PFPC Trust's failure to perform its duties under this Agreement to the extent such damages arise out of PFPC Trust's willful misfeasance, bad faith, negligence or reckless disregard of such duties or a breach of this Agreement.

Responsibility of PFPC Trust. PFPC Trust shall be under no duty to take any action hereunder on behalf of the Fund or Portfolio Partnership except as specifically set forth herein or as may be specifically agreed to by PFPC Trust and the Partnership in writinga written amendment hereto. PFPC Trust shall be obligated to exercise care and diligence in the performance of its duties hereunder, hereunder and to act in good faith and to use its best efforts, within reasonable limits, in performing services provided for under this Agreement. PFPC Trust shall be liable only for any damages arising out of PFPC Trust's failure to perform its duties under this Agreement to the extent such damages arise out of PFPC Trust's willful misfeasance, bad faith, gross negligence or reckless disregard of such its duties or a breach of under this Agreement.