Common use of Liabilities of the Adviser Clause in Contracts

Liabilities of the Adviser. A. In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, its officers and employees, the Adviser shall not be subject to liability to JIF or any Fund or to any shareholder of a Fund for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security by the Fund. B. No provision of this Agreement shall be construed to protect any director or officer of JIF, or director or officer of the Adviser, from liability in violation of Sections 17(h) and (i) of the 1940 Act.

Liabilities of the Adviser. A. In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, its officers and employees, the Adviser shall not be subject to liability to JIF the Corporation or any Fund or to any shareholder of a Fund for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security by the Fund. B. No provision of this Agreement shall be construed to protect any director or officer of JIFthe Corporation, or director or officer of the Adviser, from liability in violation of Sections 17(h) and (i) of the 1940 Act.

Liabilities of the Adviser. A. In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, its officers and employees, the Adviser shall not be subject to liability to JIF the Trust or any Fund or to any shareholder of a Fund for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security by the Fund. B. No provision of this Agreement shall be construed to protect any director or officer of JIFthe Trust, or director or officer of the Adviser, from liability in violation of Sections 17(h) and (i) of the 1940 Act.