Testimony. If SS&C ALPS is required by a third party subpoena or otherwise legally required, to produce documents, testify or provide other evidence regarding the Services, this Agreement or the operations of Fund in any Action to which Fund or Management is a party or otherwise related to Fund, Fund shall reimburse SS&C ALPS for all costs and expenses, including the time of its professional staff at SS&C ALPS’s standard rates and the cost of legal representation, that SS&C ALPS reasonably incurs in connection therewith; provided, however, that Fund shall have no obligation to reimburse SS&C ALPS for such costs and expenses if such Claim resulted solely from the gross negligence, willful misconduct, bad faith or fraud of SS&C ALPS in the performance of SS&C ALPS’s duties or obligations under this Agreement.
Appears in 10 contracts
Samples: Services Agreement (Puerto Rico Residents Tax-Free Fund IV, Inc.), Services Agreement (Puerto Rico Residents Tax-Free Fund III, Inc.), Services Agreement (Puerto Rico Residents Tax-Free Fund VI, Inc.)
