Standard of Care for Delegated Authority. In exercising the authority ---------------------------------------- delegated under Article II, Section 2, the Custodian agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Assets would exercise in like circumstances.
Appears in 2 contracts
Samples: And Information Services Agreement (Composite Bond & Stock Fund Inc), And Information Services Agreement (Sierra Asset Management Portfolios)
Standard of Care for Delegated Authority. In exercising the authority ---------------------------------------- delegated under Article II, Section 2, the Custodian agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Assets would exercise in like circumstancesexercise.
Appears in 2 contracts
Samples: And Information Services Agreement (PPM America Funds), And Information Services Agreement (PPM America Funds)