Standard of Care and Indemnification. A. Standard of Care With regard to Sections One, Three and Four, the Company shall be held to a standard of reasonable care in carrying out the provisions of this Contract. The Company shall be entitled to rely on and may act upon advice of counsel (who may be counsel for the Investment Company) on all matters, and shall be without liability for any action reasonably taken or omitted pursuant to such advice, provided that such action is not in violation of applicable federal or state laws or regulations, and is in good faith and without negligence.
Appears in 47 contracts
Samples: Fund Accounting Services Agreement (Federated Core Trust/Pa), Agreement for Fund Accounting Services, Administrative Services, Transfer Agency Services and Custody Services Procurement (Federated Stock Trust), Fund Accounting Services Agreement (Federated Stock Trust)
Standard of Care and Indemnification. A. Standard of Care With regard to Sections One, Three One and FourThree, the Company shall be held to a standard of reasonable care in carrying out the provisions of this Contract. The Company shall be entitled to rely on and may act upon advice of counsel (who may be counsel for the Investment Company) on all matters, and shall be without liability for any action reasonably taken or omitted pursuant to such advice, provided that such action is not in violation of applicable federal or state laws or regulations, and is in good faith and without negligence.
Appears in 4 contracts
Samples: Administration Services Agreement (Deutsche Funds Inc), Administration Services Agreement (Flag Investors Funds Inc), Administration Services Agreement (Deutsche Funds Inc)
