Limitation of Liability of 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 ▇▇▇▇▇▇▇ 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 the trustees or shareholders.
Appears in 2 contracts
Sources: Principal Underwriting Contract (Ubs Painewebber Managed Municipal Trust /Ny/), Principal Underwriting Contract (Ubs Painewebber Municipal Money Market Series)