Limitation of Liability. Distributors is expressly put on notice of the limitation of shareholder liability as set forth in the Trust Instrument or other organizational document of the Issuer and agrees that the obligations assumed by the Issuer under this contract shall be limited in all cases to the Issuer and its assets. Distributors shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Issuer. Nor shall Distributors seek satisfaction of any such obligation from the Trustees or any individual Trustee of the Issuer. Distributors understands that the rights and obligations of each series of shares of the Issuer under the Issuer's Trust Instrument or other organizational document are separate and distinct from those of any and all other series.
Appears in 235 contracts
Samples: General Distribution Agreement (Fidelity Hereford Street Trust), General Distribution Agreement (Fidelity New York Municipal Trust Ii), General Distribution Agreement (Fidelity Colchester Street Trust)
Limitation of Liability. Distributors is expressly put on notice of the limitation of shareholder liability as set forth in the Trust Instrument or other organizational document of the Issuer and agrees that the obligations assumed by the Issuer under this contract shall be limited in all cases to the Issuer and its assets. Distributors shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Issuer. Nor shall Distributors seek satisfaction of any such obligation from the Trustees or any individual Trustee of the Issuer. Distributors understands that the rights and obligations of each series of shares of the Issuer under the Issuer's ’s Trust Instrument or other organizational document are separate and distinct from those of any and all other series.
Appears in 198 contracts
Samples: General Distribution Agreement (Fidelity Aberdeen Street Trust), General Distribution Agreement (Fidelity Rutland Square Trust II), General Distribution Agreement (Fidelity Aberdeen Street Trust)
Limitation of Liability. Distributors The Distributor is expressly put on notice of the limitation of shareholder liability as set forth in the Trust Instrument or other organizational document of the Issuer and agrees that the obligations assumed by the Issuer under this contract shall be limited in all cases to the Issuer and its assets. Distributors The Distributor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Issuer. Nor shall Distributors the Distributor seek satisfaction of any such obligation from the Trustees or any individual Trustee of the Issuer. Distributors The Distributor understands that the rights and obligations of each series of shares of the Issuer under the Issuer's Trust Instrument or other organizational document are separate and distinct from those of any and all other series.
Appears in 2 contracts
Samples: General Distribution Agreement (Daily Tax Exempt Money Fund /De/), Fidelity Court Street Trust Ii
