Common use of Directors and Trustees Clause in Contracts

Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s executive committee.

Appears in 115 contracts

Samples: Custodian Agreement (T. Rowe Price Reserve Investment Funds, Inc.), Custodian Agreement (T. Rowe Price Integrated Equity Funds, Inc.), Custodian Agreement (T. Rowe Price State Tax-Free Funds, Inc.)

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Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s Board`s executive committee.

Appears in 30 contracts

Samples: Custodian Agreement (T. Rowe Price Institutional International Funds, Inc.), Custodian Agreement (T. Rowe Price Inflation Focused Bond Fund, Inc.), Custodian Agreement (T. Rowe Price Institutional International Funds, Inc.)

Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s 's executive committee.

Appears in 24 contracts

Samples: Custodian Agreement (Price T Rowe Equity Series Inc), Custodian Agreement (Price T Rowe Short Term Bond Fund Inc), Custodian Agreement (Price T Rowe Prime Reserve Fund Inc)

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Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s 's executive committee.. SECTION 12.19

Appears in 5 contracts

Samples: Custodian Agreement (Price T Rowe New America Growth Fund), Custodian Agreement (Institutional International Funds Inc), Custodian Agreement (Price T Rowe International Funds Inc)

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