Common use of Liability of Trustees, etc Clause in Contracts

Liability of Trustees, etc. This Agreement is executed by or on behalf of the Trust with respect to each of the Portfolios and the obligations hereunder are not binding upon any of the Trustees, officers or shareholders of the Trust individually but are binding only upon the Portfolio to which such obligations pertain and the assets and property of such Portfolio. All obligations of the Trust under this Agreement shall apply only on a Portfolio-by-Portfolio basis, and the assets of one Portfolio shall not be liable for the obligations of another Portfolio. The Trust’s Declaration of Trust is on file with the Trust.

Appears in 2 contracts

Samples: Northern Institutional Funds (Northern Institutional Funds), Northern Institutional Funds (Northern Institutional Funds)

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Liability of Trustees, etc. This Agreement is executed by or on behalf of the Trust with respect to each of the Portfolios Funds and the obligations hereunder are not binding upon any of the Trustees, officers or shareholders of the Trust individually but are binding only upon the Portfolio Fund to which such obligations pertain and the assets and property of such PortfolioFund. All obligations of the Trust under this Agreement shall apply only on a PortfolioFund-by-Portfolio Fund basis, and the assets of one Portfolio Fund shall not be liable for the obligations of another PortfolioFund. The Trust’s Declaration of Trust is on file with the Trust.

Appears in 2 contracts

Samples: Northern Funds (Northern Funds), Management Agreement (Northern Funds)

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Liability of Trustees, etc. This Agreement is executed by or on behalf of the Trust with respect to each of the Portfolios Portfolio and the obligations hereunder are not binding upon any of the Trustees, officers or shareholders Shareholders of the Trust individually but are binding only upon the Portfolio to which such obligations pertain and the assets and property of such the Portfolio. All obligations of the Trust under this Agreement shall apply only on a Portfolio-by-Portfolio basis, and the assets of one the Portfolio shall not be liable for the obligations of another Portfolioportfolio of the Trust. The Trust’s Declaration of Trust is on file with the Trust.

Appears in 1 contract

Samples: Management Agreement (Northern Institutional Funds)

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