Common use of Standard of Care and Liability Clause in Contracts

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholders, directors, officers, employees or agents, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the “Affiliates”) shall be liable to the Company for any error of judgment, mistake of law, or any act or omission by any such person relating to the services to be provided hereunder.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Cadogan Opportunistic Alternatives Fund, LLC), Investment Advisory Agreement (Cadogan Opportunistic Alternatives Fund, LLC)

AutoNDA by SimpleDocs

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence negligence, or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholders, directors, officers, employees or agents, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the “Affiliates”) shall be liable to the Company Fund for any error of judgment, mistake of law, or any act or omission by any such person relating to the services to be provided hereunder.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Investment Advisory Agreement (Skybridge G II Fund, LLC)

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence negligence, or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholders, directors, officers, employees or agents, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the “Affiliates”) shall be liable to the Company for any error of judgment, mistake of law, or any act or omission by any such person relating to the services to be provided hereunder.

Appears in 1 contract

Samples: Investment Advisory Agreement (Skybridge Diversified Hedge Fund Portfolio, LLC)

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence negligence, or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholders, directors, officers, employees or agents, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the “Affiliates”) shall be liable to the Company or the Series for any error of judgment, mistake of law, or any act or omission by any such person relating to the services to be provided hereunder.

Appears in 1 contract

Samples: Investment Advisory Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC)

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence negligence, or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholders, directors, officers, employees or agents, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the "Affiliates") shall be liable to the Company or the Series for any error of judgment, mistake of law, or any act or omission by any such person relating to the services to be provided hereunder.

Appears in 1 contract

Samples: Investment Advisory Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)

AutoNDA by SimpleDocs

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence negligence, or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholdersowners, directors, officers, officers or employees or agentsthereof, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the "Affiliates") shall be liable to the Company for any error of judgment, mistake of law, or any act or omission by any such person the Adviser and its Affiliates relating to the services to be provided hereunder.

Appears in 1 contract

Samples: Investment Advisory Agreement (Montgomery Partners Absolute Return Fund LLC)

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence negligence, or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholders, directors, officers, employees or agents, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the "Affiliates") shall be liable to the Company Trust or the Fund for any error of judgment, mistake of law, or any act or omission by any such person relating to the services to be provided hereunder.

Appears in 1 contract

Samples: Investment Advisory Agreement (Citigroup Alternative Investments Trust)

Standard of Care and Liability. The Adviser shall perform its duties under this Agreement using its best judgment and efforts. In the absence of willful misfeasance, bad faith, gross negligence negligence, or reckless disregard of obligations or duties under this Agreement, neither the Adviser nor any of its shareholders, directors, officers, employees or agents, nor any of their affiliates, executors, heirs, assigns, successors or other legal representatives (collectively, the “Affiliates”) shall be liable to the Company or any Series for any error of judgment, mistake of law, or any act or omission by any such person relating to the services to be provided hereunder.

Appears in 1 contract

Samples: Investment Advisory Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!