Common use of Limitation of Liability of the Trustees and Shareholders of the Fund Clause in Contracts

Limitation of Liability of the Trustees and Shareholders of the Fund. The trustees of the Fund and the shareholders of any Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx agrees that, in asserting any rights or claims under this Contract, it shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

Appears in 46 contracts

Samples: Mitchell Hutchins (Painewebber Select Fund), Mitchell Hutchins (Painewebber Select Fund), Mitchell Hutchins (Mitchell Hutchins Portfolios)

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Limitation of Liability of the Trustees and Shareholders of the Fund. The trustees of the Fund and the shareholders of any its Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx the Company agrees that, in asserting any rights or claims under this Contract, it shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

Appears in 9 contracts

Samples: Fund Participation Agreement (Ubs Series Trust), Fund Participation Agreement (Mitchell Hutchins Series Trust/Ma/), Fund Participation Agreement (Mitchell Hutchins Series Trust/Ma/)

Limitation of Liability of the Trustees and Shareholders of the Fund. The trustees of the Fund and the shareholders of any Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx PaineWebber agrees that, in asserting any rights or claims under this Contract, it shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

Appears in 2 contracts

Samples: Distribution Contract (Painewebber Managed Municipal Trust /Ny/), Mitchell Hutchins Institutional Series (Mitchell Hutchins Institutional Series)

Limitation of Liability of the Trustees and Shareholders of the Fund. The trustees of the Fund and the shareholders of any its Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx agrees the Companies agree that, in asserting any rights or claims under this Contract, it they shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

Appears in 2 contracts

Samples: Participation Agreement (Ubs Series Trust), Fund Participation Agreement (Ubs Series Trust)

Limitation of Liability of the Trustees and Shareholders of the Fund. The trustees of the Fund and the shareholders of any Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx Mitchell Hutchins agrees thatthax, in asserting xx xxxxxxxxx any rights or claims under this Contract, it shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

Appears in 1 contract

Samples: Distribution Contract (Painewebber Index Trust)

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Limitation of Liability of the Trustees and Shareholders of the Fund. The trustees of the Fund and the shareholders of any Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx Brinson Advisors agrees that, in asserting any rights or claims under this Contractxxxx Xontract, it shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

Appears in 1 contract

Samples: Ubs Series Trust

Limitation of Liability of the Trustees and Shareholders of the Fund. The trustees of the Fund and the shareholders of any Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx Xxxxxxx Advisors agrees that, in asserting any rights or claims under this Contract, it shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

Appears in 1 contract

Samples: Brinson Series Trust/Ma/

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