Common use of Discharge of Liability Clause in Contracts

Discharge of Liability. Without limiting the fiduciary and contractual responsibilities of the Adviser, the Adviser does not guarantee the future performance of the Allocated Portion or any specific level of performance, the success of any investment decision or strategy that the Adviser may use, or the success of the Adviser’s overall management of the Allocated Portion. The Manager and the Portfolio understand that investment decisions made for the Allocated Portion by the Adviser are subject to various market, currency, economic, political and business risks, and that those investment decisions will not always be profitable. The Adviser will manage only the securities, cash and other investments held in the Allocated Portion and in making investment decisions for the Allocated Portion, the Adviser will not consider any other securities, cash or other investments owned or managed by the Portfolio.