Common use of Liability of the Investment Manager Clause in Contracts

Liability of the Investment Manager. The Investment Manager may rely on information reasonably believed by the Investment Manager to be accurate and reliable. Except as may otherwise be provided by the 1940 Act, the Investment Manager shall not be subject to any liability for any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, except by reason of willful misfeasance, bad faith or gross negligence in the performance of the Investment Manager's obligations and duties or by reason of reckless disregard of the Investment Manager's obligations and duties under this Agreement.