Common use of Responsibility of PFPC Clause in Contracts

Responsibility of PFPC. (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth herein or as may be specifically agreed to by PFPC in writing. PFPC shall be obligated to exercise reasonable care and diligence in the performance of its duties hereunder and to act in good faith in performing services provided for under this Agreement. PFPC shall not be liable for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith, negligence or breach of this Agreement on PFPC’s part in the performance of its duties under this Agreement.

Appears in 5 contracts

Samples: Transfer Agency Agreement (BlackRock Funds II), Transfer Agency Agreement (BlackRock Fixed Income Value Opportunities), Transfer Agency Agreement (Blackrock Funds)

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Responsibility of PFPC. (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth herein or as may be specifically agreed to by PFPC in writing. PFPC shall be obligated to exercise reasonable care and diligence in the performance of its duties hereunder and to act in good faith in performing services provided for under this Agreement. PFPC shall not be liable for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith, negligence or breach of this Agreement on PFPC’s 's part in the performance of its duties under this Agreement.

Appears in 3 contracts

Samples: Transfer Agency Agreement (BlackRock Variable Series Funds, Inc.), Transfer Agency Agreement (Merrill Lynch Bond Fund Inc), Transfer Agency Agreement (Merrill Lynch Multi State Municipal Series Trust)

Responsibility of PFPC. (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth herein or as may be specifically agreed to by PFPC in writing. PFPC shall be obligated to exercise reasonable care and diligence in the performance of its duties hereunder and to act in good faith in performing services provided for under this Agreement. PFPC shall not be liable for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith, negligence or breach of this Agreement on PFPC’s 's part in the performance of its duties under this Agreement.

Appears in 1 contract

Samples: Transfer Agency Agreement (BlackRock Variable Series Funds, Inc.)

Responsibility of PFPC. (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth stated herein or as may be specifically agreed to by PFPC PFPC, in writing. PFPC shall be obligated to exercise reasonable care and reasonable diligence in the performance of its duties and obligations hereunder (including the services set forth in Schedule B to this Agreement) and to act in good faith in performing services provided for under this Agreement. PFPC shall not be liable for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith, negligence or breach For purposes of indemnification under Section 13 of this Agreement on Agreement, the standards set forth in the prior sentence will be used as the measurement of whether PFPC’s part performance is in the performance breach of its duties and obligations under this Agreement.

Appears in 1 contract

Samples: Accounting and Investor Services Agreement (Excelsior Buyout Investors LLC)

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Responsibility of PFPC. (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth herein or as may be specifically agreed to by PFPC in writing. In the performance of its duties hereunder, PFPC shall be obligated to exercise reasonable care and diligence in the performance of its duties hereunder and to act in good faith in performing and to use its best efforts within reasonable limits to ensure the accuracy and completeness of all services provided for performed under this Agreement. PFPC shall not be liable responsible for any loss suffered by the Fund in connection with the matters its own negligent failure to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith, negligence or breach of this Agreement on PFPC’s part in the performance of perform its duties under this Agreement., but to the extent that duties, obligations and responsibilities are not expressly set forth in this Agreement,

Appears in 1 contract

Samples: Transfer Agency Agreement (Municipal Fund for California Investors Inc)

Responsibility of PFPC. (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth stated herein or as may be specifically agreed to by PFPC PFPC, in writing. PFPC shall be obligated to exercise reasonable care and reasonable diligence in the performance of its duties and obligations hereunder (including the services set forth in Schedule B to this Agreement) and to act in good faith in performing services provided for under this Agreement. PFPC shall not be liable for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith, negligence or breach For purposes of indemnification under Section 13 of this Agreement on PFPC’s part Agreement, the standards set forth in the prior sentence will be used as the measurement of whether PFPC's performance is in breach of its duties and obligations under this Agreement.

Appears in 1 contract

Samples: Accounting and Investor Services Agreement (Excelsior Corporate Finance Investors LLC)

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