Exculpation; Indemnification. 5.1 The Trust shall not be liable to the Service Organization and the Service Organization shall not be liable to the Trust except for acts or failures to act which constitute lack of good faith or negligence and for obligations expressly assumed by either party hereunder. Nothing contained in this Agreement is intended to operate as a waiver by the Trust or by the Service Organization of compliance with any applicable federal or state law, rule, or regulation.
Appears in 12 contracts
Sources: Shareholder Servicing Agreement (One Group), Shareholder Services Agreement (One Group Mutual Funds), Shareholder Servicing Agreement (One Group)