Common use of Portfolio Data Clause in Contracts

Portfolio Data. The Trust acknowledges that Mellon will be receiving, analyzing, relying and acting upon certain accounting information and other data maintained and/or provided by the Trust on behalf of a Portfolio or its agents ("Portfolio Data"), which Portfolio Data is necessary for Mellon to use in meeting its obligations under this Agreement. Notwithstanding anything in this Agreement to the contrary, the Trust on behalf of a Portfolio shall be solely responsible for the accuracy, completeness and timeliness of all Portfolio Data provided to Mellon and Mellon shall be entitled to rely fully upon such Portfolio Data without liability or responsibility for any loss occasioned by such reliance. Mellon shall have no liability for and shall be indemnified to the extent provided in this Article VI against, any losses, claims, liabilities, fees, damages, costs or expenses incurred by the Trust on behalf of a Portfolio or its underlying interest holders or any other third party arising from or relating to, inaccurate, incorrect, untimely or duplicative Portfolio Data.

Appears in 2 contracts

Sources: Custody, Administration and Accounting Services Agreement (Mellon Institutional Funds Master Portfolio), Custody, Administration and Accounting Services Agreement (Mellon Institutional Funds Master Portfolio)