Common use of Liabilities Belonging to Series Clause in Contracts

Liabilities Belonging to Series. The assets belonging to each particular Series and Class thereof shall be charged with the liabilities of the Trust in respect of that Series or Class and all expenses, costs, charges and reserves attributable to that Series or Class, and any general liabilities, expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any particular Series or Class shall be allocated and charged by the Trustees to and among any one or more of the Series and Classes established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves allocated and so charged to a Series or Class are herein referred to as “liabilities belonging to” that Series or Class and shall be payable solely out of the assets of that Series or Class. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders of all Series for all purposes.

Liabilities Belonging to Series. The assets belonging to each particular Series and Class thereof shall be charged with the liabilities of the Trust in respect of to that Series or Class and all expenses, costs, charges and reserves attributable to that Series or Class, and any general liabilities, expenses, costs, charges or reserves liabilities of the Trust Trust, or of any Series, which are not readily identifiable as belonging to any particular Series Series, or Class any particular class of any Series, shall be allocated and charged by the Trustees to and among any one or more of the Series Series, or to and Classes established and designated from time to time among any one or more of the classes of such Series, as the case may be, in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges charges, and reserves allocated and so charged to a Series or Class class are herein referred to as “"liabilities belonging to” " that Series or Class and shall be payable solely out of the assets of that Series or Classclass. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders holders of all Series and classes for all purposes. Under no circumstances shall the assets allocated or belonging to any particular Series be charged with liabilities attributable to any other Series. All persons who have extended credit which has been allocated to a particular Series, or who have a claim or contract which has been allocated to any particular Series, shall look only to the assets of that particular Series for payment of such credit, claim or contract.

Liabilities Belonging to Series. The assets belonging to each particular Series and Class thereof shall be charged with the liabilities of the Trust in respect of that Series or Class and all expenses, costs, charges and reserves attributable to that Series or Class, and any general liabilities, expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any particular Series or Class shall be allocated and charged by the Trustees to and among any one or more of the Series and Classes established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves allocated and so charged to a Series or Class are herein referred to as “"liabilities belonging to” " that Series or Class and shall be payable solely out of the assets of that Series or Class. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders of all Series for all purposes.

Liabilities Belonging to Series. The assets belonging to each particular Series and Class Sub-Series thereof shall be charged with the liabilities of the Trust in respect of that Series or Class Sub-Series and all expenses, costs, charges and reserves attributable to that Series or ClassSub-Series, and any general liabilities, expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any particular Series or Class Sub-Series shall be allocated and charged by the Trustees to and among any one or more of the Series and Classes Sub-Series established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves allocated and so charged to a Series or Class Sub-Series are herein referred to as “"liabilities belonging to” " that Series or Class and shall be payable solely out of the assets of that Series or ClassSub-Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders of all Series for all purposes.

Liabilities Belonging to Series. The assets belonging to each particular Series and Class Sub-Series thereof shall be charged with the liabilities of the Trust in respect of that Series or Class Sub-Series and all expenses, costs, charges and reserves attributable to that Series or ClassSub-Series, and any general liabilities, expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any particular Series or Class shall be allocated and charged by the Trustees to and among any one or more of the Series and Classes Sub-Serieses established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves allocated and so charged to a Series or Class Sub-Series are herein referred to as “"liabilities belonging to” " that Series or Class and shall be payable solely out of the assets of that Series or ClassSub-Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders of all Series for all purposes.

Liabilities Belonging to Series. The assets belonging to each particular Series and Class Sub- Series thereof shall be charged with the liabilities of the Trust in respect of that Series or Class Sub-Series and all expenses, costs, charges and reserves attributable to that Series or ClassSub- Series, and any general liabilities, expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any particular Series or Class shall be allocated and charged by the Trustees to and among any one or more of the Series and Classes Sub-Serieses established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves allocated and so charged to a Series or Class Sub-Series are herein referred to as “"liabilities belonging to” " that Series or Class and shall be payable solely out of the assets of that Series or ClassSub-Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders of all Series for all purposes.