Common use of LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS Clause in Contracts

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund personally, but shall bind only the trust property of the Fund as provided in the Fund’s Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the Fund, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund as provided in the Fund’s Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund Fund personally, but shall bind only the trust property of the Fund as provided in the Fund’s Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the Fund, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund as provided in the Fund’s Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund Funds hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund personally, but shall bind only the trust property of the Fund Funds as provided in the Fund’s Funds’ Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the FundFunds, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund Funds as provided in the Fund’s Funds’ Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund personally, but shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the FundTrust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust but shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund personally, but shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the FundTrust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund personally, but shall bind only the trust property of the Fund as provided in the Fund’s 's Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the Fund, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund as provided in the Fund’s 's Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund Fund personally, but shall bind only the trust property of the Fund as provided in the Fund’s 's Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the Fund, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund as provided in the Fund’s 's Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly acknowledged and agreed that the obligations of the a Fund hereunder shall not be binding upon any of the Trustees, shareholders, nomineesTrustees, officers, employees or agents or employees of the fund Trust, personally, but shall bind only the trust property of the Fund a particular Fund, as provided in the Fund’s its Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust and this Agreement has been signed and delivered by an authorized officer of the FundTrust, acting as such, and neither such authorization by the such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust but shall bind only the trust property of a particular Fund of the Fund Trust as provided in the Fund’s its Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. 14.1 It is expressly agreed to that the obligations of the Fund Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents agents, or employees of the fund Trust, personally, but shall bind only the trust property of the Fund Trust, as provided in the Fund’s Agreement and Declaration of Trust of the Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust and this Agreement has been signed and delivered by an authorized officer of the FundTrust, acting as such, and neither such authorization by the such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust but shall bind only the trust property of the Fund Trust as provided in the Fund’s Agreement and its Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund Trust personally, but shall bind only the trust property of the Fund Trust as provided in the Fund’s Trust's Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the FundTrust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund Trust as provided in the Fund’s Trust's Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund Trust personally, but shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the FundTrust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust but shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust.. 16 | P a g e

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund hereunder shall not be binding bring upon any of the Trustees, shareholdersShareholders, nominees, officers, agents or employees of the fund Fund, personally, but shall bind only the trust assets and property of the Fund Fund, as provided in the Fund’s Agreement and Declaration of Trust. The execution and delivery of this Agreement have has been authorized by the Trustees of the Fund and this Agreement has been signed and delivered by an authorized officer of the Fund, acting as such, and neither such authorization by the such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust but shall bind only the trust assets and property of the Fund as provided in the Fund’s Agreement and its Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. It is expressly agreed that the obligations of the Fund Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund Trust personally, but shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and this Agreement has been signed and delivered by an authorized officer of the FundTrust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust shall bind only the trust property of the Fund Trust as provided in the FundTrust’s Agreement and Declaration of Trust.

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. 5 It is expressly agreed that the obligations of the Fund Company hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the fund Fund Company personally, but shall bind only the trust property of the Fund as provided in the Fund’s Agreement and Declaration of TrustCompany. The execution and delivery of this Agreement have been authorized by the Trustees Trustees, and this Agreement has been signed and delivered by an authorized officer of the FundFund Company, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, bust but shall bind only the trust property of the Fund Company as provided in the Fund’s Trust's Agreement and Declaration of Trust.