Common use of Limitation of Liability of Trust Clause in Contracts

Limitation of Liability of Trust. The Transfer Agent 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 Transfer Agent agrees that the Trust's obligations hereunder shall be limited to the assets of the Portfolios, and with respect to each Portfolio, shall be limited to the assets of such Portfolio, 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 11 contracts

Samples: Transfer Agency and Service Agreement (State Farm Mutual Fund Trust), Transfer Agency and Service Agreement (State Farm Variable Product Trust), Transfer Agency and Service Agreement (State Farm Associates Funds Trusts)

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Limitation of Liability of Trust. The Transfer Agent 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 Transfer Agent agrees that the Trust's ’s obligations hereunder shall be limited to the assets of the Portfolios, and with respect to each Portfolio, shall be limited to the assets of such Portfolio, 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 5 contracts

Samples: Transfer Agency and Service Agreement (State Farm Associates Funds Trusts), Transfer Agency and Service Agreement (State Farm Mutual Fund Trust), Transfer Agency and Service Agreement (State Farm Variable Product Trust)

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