Limit of Duties Sample Clauses
The "Limit of Duties" clause defines the specific responsibilities and obligations that a party is required to perform under an agreement, explicitly restricting their duties to those outlined in the contract. In practice, this clause clarifies that the party is not responsible for any tasks, services, or obligations beyond what is expressly stated, preventing assumptions or implied duties from arising. Its core function is to ensure clarity and manage expectations by preventing the expansion of a party’s responsibilities beyond the agreed scope, thereby reducing the risk of disputes over unanticipated obligations.
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Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for:
(1) The acts or omissions of any agent appointed pursuant to Instructions of the Fund or its investment advisor including, but not limited to, any broker-dealer or other entity to hold any Securities or other property of the Fund as collateral or otherwise pursuant to any investment strategy;
(2) The validity of the issue of any Securities purchased by the Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor;
(3) The legality of the sale of any Securities by the Fund or the propriety of the amount for which the same are sold;
(4) The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor;
(5) The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor;
(6) The legality of the declaration or payment of any distribution of the Fund;
(7) The legality of any borrowing for temporary or emergency purposes.
Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for:
1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor;
2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold;
3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor;
4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor;
5. The legality of the declaration or payment of any dividend or distribution by the Fund; or
6. The legality of any borrowing.
Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for:
1. The validity of the issue of any Securities purchased by the Funds, the legality of the purchase thereof, or the propriety of the amount paid therefor;
2. The legality of the sale of any Securities by the Funds or the propriety of the amount for which the same are sold;
3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor;
4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor;
5. The legality of the declaration or payment of any distribution of the Funds;
6. The legality of any borrowing for temporary administrative or emergency purposes.
Limit of Duties. A. Teachers will continue to carry out such duties that are deemed necessary for the proper operation and function of the school provided that every effort be made by the Board to provide assistance to perform nonprofessional assignments.
B. Teachers will not be required to perform custodial duties.
C. Teachers will not be required to deliver books, equipment, or any heavy or bulky teaching materials to classrooms.
D. Teachers will not be required to drive pupils to activities which take place away from the school building.
Limit of Duties. Without limiting the generality of the foregoing, the Bank shall be under no duty or obligation to inquire into, and shall not be liable for:
10.2.1 The validity of the issue of any Securities purchased by any Series, the legality of the purchase thereof, the permissibility of the purchase thereof under the Fund's governing documents, or the propriety of the amount paid therefor;
10.2.2 The legality of the sale of any Securities by any Series, the permissibility of such sale under the fund's governing documents, or the propriety of the amount for which the same are sold;
10.2.3 The legality of the issue or the sale of any Shares, or the sufficiency of the amount to be received therefor;
10.2.4 The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor;
10.2.5 The legality of the declaration or payment of any dividend or other distribution of any Series;
10.2.6 The legality of any borrowing for temporary or emergency administrative purposes.
Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for:
1. The validity of the issue of any Securities purchased by the Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor;
2. The legality of the sale of any Securities by the Fund or the propriety of the amount for which the same are sold;
3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor;
4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor;
5. The legality of the declaration or payment of any distribution of the Fund;
6. The legality of any borrowing for temporary or emergency administrative purposes;
7. The qualification of the Fund as a business development company pursuant to the 1940 Act.
Limit of Duties. During planning time, teachers shall not be responsible for any students with the exception of student aides, unless mutually agreed to.
Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for:
Limit of Duties. Without limiting the generality of the foregoing, the Subcustodian shall be under no duty or obligation to inquire into, and shall not be liable for:
1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Custodian or its designee for payment therefor;
2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold;
3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor;
4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor;
5. The legality of the declaration or payment of any dividend or distribution by the Fund; or
6. The legality of any borrowing.
Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for:
1. The validity of the issue of any Securities purchased by the Separate Account, the legality of the purchase thereof, or the propriety of the amount paid therefor;
2. The legality of the sale of any Securities by the Separate Account or the propriety of the amount for which the same are sold;
3. The legality of the issue or sale of any Units, or the sufficiency of the amount to be received therefor;
4. The legality of the redemption of any Units, or the propriety of the amount to be paid therefor;
5. The legality of the declaration or payment of any distribution of the Separate Account; 6. The legality of any borrowing for temporary or emergency administrative purposes.