Common use of Not Experts Clause in Contracts

Not Experts. The appointment, designation or identification (including in any proxy or registration statement or other document) of a Trustee as Chairman of the Trustees, a member or chair of a committee of the Trustees, an expert on any topic or in any area (including an audit committee financial expert for purposes of Section 407 of the Sarbanes-Oxley Act of 2002 or a▇▇ ▇▇▇▇▇▇▇▇▇ ▇rovision thereto), or the lead independent Trustee, or as having experience, attributes or skills in any area, or any other appointment, designation or identification of a Trustee, shall not impose on that Person any standard or liability that is greater than that imposed pursuant to this Article VII on that Person as a Trustee in the absence of the appointment, designation or identification, and no Trustee who has special attributes, skills, experience or expertise, or is appointed, designated or identified as aforesaid, shall be held to a higher standard by virtue thereof. In addition, no appointment, designation or identification of a Trustee as aforesaid shall affect in any way that Trustee's rights or entitlement to exculpation, indemnification or advancement of expenses.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (Gallery Trust), Agreement and Declaration of Trust (Winton Series Trust)

Not Experts. The appointment, designation or identification (including in any proxy or registration statement or other document) of a Trustee as Chairman of the Trustees, a member or chair of a committee of the Trustees, an expert on any topic or in any area (including an audit committee financial expert for purposes of Section 407 of the Sarbanes-Oxley Act of 2002 or a20▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇rovision essor provision thereto), or the lead independent Trustee, or as having experience, attributes or skills in any area, or any other appointment, designation or identification of a Trustee, shall not impose on that Person any standard or liability that is greater than that imposed pursuant to this Article VII on that Person as a Trustee in the absence of the appointment, designation or identification, and no Trustee who has special attributes, skills, experience or expertise, or is appointed, designated or identified as aforesaid, shall be held to a higher standard by virtue thereof. In addition, no appointment, designation or identification of a Trustee as aforesaid shall affect in any way that Trustee's rights or entitlement to exculpation, indemnification or advancement of expenses.

Appears in 1 contract

Sources: Trust Agreement (Gallery Trust)