Common use of Limitation of Liability of Trust Clause in Contracts

Limitation of Liability of Trust. The Adviser acknowledges that it has received notice of and accepts the limitations on the Trust's liability as set forth in the Trust's Declaration of Trust, as amended from time to time. In accordance therewith, the Adviser agrees that the Trust's obligations hereunder shall be limited to the assets of the Funds, and with respect to each Fund shall be limited to the assets of such Fund, and no party shall seek satisfaction of any such obligation from any shareholder of the Trust, nor from any trustee, officer, employee or agent of the Trust.

Appears in 12 contracts

Samples: Investment Advisory and Management Services Agreement (State Farm Mutual Fund Trust), Investment Advisory and Management Services Agreement (State Farm Variable Product Trust), Investment Advisory and Management Services Agreement (State Farm Mutual Fund Trust)

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Limitation of Liability of Trust. The Adviser acknowledges that it has received notice of and accepts the limitations on the Trust's ’s liability as set forth in the Trust's ’s Declaration of Trust, as amended from time to time. In accordance therewith, the Adviser agrees that the Trust's ’s obligations hereunder shall be limited to the assets of the Funds, and with respect to each Fund shall be limited to the assets of such Fund, and no party shall seek satisfaction of any such obligation from any shareholder of the Trust, nor from any trustee, officer, employee or agent of the Trust.

Appears in 9 contracts

Samples: Services Agreement (State Farm Mutual Fund Trust), Investment Advisory And (State Farm Mutual Fund Trust), Services Agreement (State Farm Mutual Fund Trust)

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