Common use of Assets and Liabilities of Each Segregated Portfolio are Separate Clause in Contracts

Assets and Liabilities of Each Segregated Portfolio are Separate. (b) In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against SP11 in terms of this Agreement is limited to the assets of SP11, and no such claim, liability or obligation may be levied or set-off against any other assets of the Company or any other segregated portfolio. In the event that the assets of SP11 are insufficient to meet the obligations of SP11 under this Agreement, SP11’s obligations shall be limited to such assets and Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever, to establish any claim or interest in or recourse against any asset of the Company or any other segregated portfolio of the Company.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

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Assets and Liabilities of Each Segregated Portfolio are Separate. (b) In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against SP11 SP8 in terms of this Agreement is limited to the assets of SP11SP8, and no such claim, liability or obligation may be levied or set-off against any other assets of the Company or any other segregated portfolio. In the event that the assets of SP11 SP8 are insufficient to meet the obligations of SP11 SP8 under this Agreement, SP11SP8’s obligations shall be limited to such assets and Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever, to establish any claim or interest in or recourse against any asset of the Company or any other segregated portfolio of the Company.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

Assets and Liabilities of Each Segregated Portfolio are Separate. (b) In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against SP11 SP9 in terms of this Agreement is limited to the assets of SP11SP9, and no such claim, liability or obligation may be levied or set-off against any other assets of the Company or any other segregated portfolio. In the event that the assets of SP11 SP9 are insufficient to meet the obligations of SP11 SP9 under this Agreement, SP11SP9’s obligations shall be limited to such assets and Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever, to establish any claim or interest in or recourse against any asset of the Company or any other segregated portfolio of the Company.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

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Assets and Liabilities of Each Segregated Portfolio are Separate. (b) In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against SP11 SP10 in terms of this Agreement is limited to the assets of SP11SP10, and no such claim, liability or obligation may be levied or set-off against any other assets of the Company or any other segregated portfolio. In the event that the assets of SP11 SP8 are insufficient to meet the obligations of SP11 SP10 under this Agreement, SP11SP10’s obligations shall be limited to such assets and Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever, to establish any claim or interest in or recourse against any asset of the Company or any other segregated portfolio of the Company.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

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