LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Board and the shareholders of each Fund shall not be liable for any obligations of the Trust or of the Funds under this Agreement, and GFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Trust or the Fund(s) to which GFS’s rights or claims relate in settlement of such rights or claims, and not to the Board or the shareholders of the Trust or the Fund(s). It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trust personally, but bind only the Trust property of the Trust, as provided in the Trust’s Organizational Documents.
Appears in 12 contracts
Samples: Etf Fund Services Agreement (Northern Lights Fund Trust Iii), Etf Fund Services Agreement (Northern Lights Fund Trust IV), Fund Services Agreement (Northern Lights Fund Trust IV)
LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Board and the shareholders of each Fund shall not be liable for any obligations of the Trust or of the Funds under this Agreement, and GFS UFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Trust or the Fund(s) to which GFSUFS’s rights or claims relate in settlement of such rights or claims, and not to the Board or the shareholders of the Trust or the Fund(s). It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trust personally, but bind only the Trust property of the Trust, as provided in the Trust’s Organizational Documents.
Appears in 3 contracts
Samples: Etf Fund Services Agreement (Northern Lights Fund Trust Iii), Etf Fund Services Agreement (Two Roads Shared Trust), Etf Fund Services Agreement (Northern Lights Fund Trust)
LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Board and the shareholders of each Fund shall not be liable for any obligations of the Trust or of the Funds under this Agreement, and GFS UFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Trust or the Fund(s) to which GFS’s UFS's rights or claims relate in settlement of such rights or claims, and not to the Board or the shareholders of the Trust or the Fund(s). It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trust personally, but bind only the Trust property of the Trust, as provided in the Trust’s 's Organizational DocumentsDocuments .
Appears in 1 contract
Samples: Fund Services Agreement (Northern Lights Fund Trust IV)
