STANDARD OF CARE; LIABILITY; INDEMNITY. (a) The Sub-Advisor shall exercise due care and diligence and use the same skill and care in providing its services hereunder as it uses in providing services to other investment companies, accounts and customers, but shall not be liable for any action taken or omitted by the Sub-Advisor in the absence of bad faith, willful misconduct or gross negligence or reckless disregard of its duties.
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Trust for Professional Managers), Investment Sub Advisory Agreement (Trust for Professional Managers)
STANDARD OF CARE; LIABILITY; INDEMNITY. (a) The Sub-Advisor shall exercise due care and diligence and use the same skill and care in providing its services hereunder as it uses in providing services to other investment companies, accounts and customers, but shall not be liable for any action taken or omitted by the Sub-Advisor in the absence of bad faith, willful misconduct or gross misconduct, negligence or reckless disregard of its duties.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Trust for Professional Managers)
STANDARD OF CARE; LIABILITY; INDEMNITY. (a) The Sub-Advisor shall exercise due care and diligence and use the same skill and care in providing its services hereunder as it uses in providing investment advisory (or sub-advisory) services to other investment companies, accounts and customers, but shall not be liable for any action taken or omitted by the Sub-Advisor in the absence of bad faith, willful misconduct or misconduct, gross negligence or reckless disregard of its dutiesobligations under this Agreement.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (Trust for Professional Managers)
