Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to Section 9.1, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and Section 9.1, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 24 contracts
Samples: Agreement and Declaration of Trust (Chesapeake Investment Trust), Agreement and Declaration of Trust (Chesapeake Investment Trust), Agreement and Declaration of Trust (Invesco Exchange Fund)
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to this Section 9.110.2, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and this Section 9.110.2, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 14 contracts
Samples: Agreement and Declaration of Trust (Invesco Total Property Market Income Fund), Agreement and Declaration of Trust (Invesco Senior Loan Fund), And Restated Agreement and Declaration of Trust (Invesco Van Kampen Municipal Opportunity Trust)
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to this Section 9.110.2, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and this Section 9.110.2, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 10 contracts
Samples: Agreement and Declaration of Trust (Invesco High Income Trust II), Agreement and Declaration of Trust (Invesco Senior Income Trust), Agreement and Declaration of Trust (Invesco Dynamic Credit Opportunities Fund)
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to Section 9.1, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and Section 9.1, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.. Section 9.3
Appears in 1 contract
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. interested Subject to the provisions of Article VIII and to Section 9.1, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and Section 9.1, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.. Section 9.3
Appears in 1 contract
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. interested Subject to the provisions of Article VIII and to Section 9.1, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and Section 9.1, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Old Mutual Funds III)
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to Section 9.1., the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and Section 9.1, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 1 contract
Samples: Aim Funds Group/De
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees Board of their its powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to this Section 9.110.2, the Trustees no Trustee shall not be liable for errors any error of judgment or mistakes mistake of fact or law. The Trustees Board may take advice of counsel or other experts with respect to the meaning and operation of this AgreementAgreement and, and subject to the provisions of Article VIII and this Section 9.110.2, shall be under incur no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Virtus Global Multi-Sector Income Fund)
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing prevailing, shall be binding upon everyone interested. Subject to A Trustee shall be liable for his or her own wilful misfeasance, bad faith, gross negligence or reckless disregard of the provisions duties involved in the conduct of Article VIII the office of Trustee, and to Section 9.1for nothing else, the Trustees and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this AgreementDeclaration of Trust, and subject to the provisions of Section l of this Article VIII and Section 9.1, IX shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtainedrequired.
Appears in 1 contract
Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing prevailing, shall be binding upon everyone interested. Subject to A Trustee s hall be liable for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the provisions duties involved in the conduct of Article VIII the office of Trustee, and to Section 9.1for nothing else, the Trustees and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this AgreementDeclaration of Trust, and subject to the provisions of Section 1 of this Article VIII and Section 9.1, IX shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtainedrequired.
Appears in 1 contract
Samples: Agreement and Declaration (Dreyfus Institutional Preferred Money Market Fund)