Common use of Disclaimer of Shareholder Liability Clause in Contracts

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Trust and the Trust's property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29, 1993, as amended, disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Trust and the Trust's ’s property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29, 1993, as amended, disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Trust and the Trust's ’s property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29August 1, 19931994, as amended, disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Trust and the Trust's property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29, 1993, as amended, disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The General ---------------------------------------- Distributor understands and ------------------------------------ agrees that the obligations of the Trust or the Fund under this Agreement are not binding upon any shareholder or any Trustee or shareholder of the Trust personally, but bind only the Trust Fund and the TrustFund's property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29, 1993, as amended, of the Trust disclaiming shareholder and Trustee liability for acts or obligations of the TrustTrust and the Fund.

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Trust and the Trust's ’s property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29, 1993, as amended, of the Trust disclaiming Trustee and shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Trust and the Trust's property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29August 1, 19931994, as amended, disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Trust and the Trust's ’s property; the General Distributor represents that it has notice of the provisions of the Agreement and Declaration of Trust dated May 29, 1993, as amended, disclaiming shareholder liability for acts or obligations of the Trust. 15.