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 SP6 in terms of this Agreement is limited to the assets of SP6, 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 SP6 are insufficient to meet the obligations of SP6 under this Agreement, SP6’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 SP6 SP5 in terms of this Agreement is limited to the assets of SP6SP5, 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 SP6 SP5 are insufficient to meet the obligations of SP6 SP5 under this Agreement, SP6SP5’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 SP6 SP4 in terms of this Agreement is limited to the assets of SP6SP4, 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 SP6 SP4 are insufficient to meet the obligations of SP6 SP4 under this Agreement, SP6SP4’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 SP6 SP3 in terms of this Agreement is limited to the assets of SP6SP3, 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 SP6 SP3 are insufficient to meet the obligations of SP6 SP3 under this Agreement, SP6SP3’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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