Common use of LIMITATION OF TRUSTEE, OFFICER AND SHAREHOLDER LIABILITY Clause in Contracts

LIMITATION OF TRUSTEE, OFFICER AND SHAREHOLDER LIABILITY. It is expressly agreed that the obligations of the Fund and each Portfolio hereunder shall not be binding upon any of the Trustees, officers, agents or employees of the Fund or upon the shareholders of any Portfolio personally, but shall only bind the assets and property of the Fund, as provided in its Trust Instrument. The execution and delivery of this Contract have been authorized by the Trustees of the Fund, and this Contract has been executed and delivered by an authorized officer of the Fund acting as such; neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Fund, as Provided in its Trust Instrument.

Appears in 2 contracts

Samples: Custodian Contract (Neuberger Berman Advisers Management Trust), Custodian Contract (Neuberger Berman Advisers Management Trust)

AutoNDA by SimpleDocs

LIMITATION OF TRUSTEE, OFFICER AND SHAREHOLDER LIABILITY. It is expressly agreed that the obligations of the Fund and each Portfolio hereunder shall not be binding upon any of the Trustees, officers, agents or employees of the Fund or upon the shareholders of any Portfolio personally, but shall only bind the assets and property of the Fund, as provided in its Trust Instrument. The execution and delivery of this Contract have been authorized by the Trustees of the Fund, and this Contract has been executed and delivered by an authorized officer of the Fund acting as such; neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Fund, as Provided provided in its Trust InstrumentDeclaration of Trust.

Appears in 2 contracts

Samples: Custodian Contract (Global Managers Trust), Custodian Contract (Income Managers Trust)

LIMITATION OF TRUSTEE, OFFICER AND SHAREHOLDER LIABILITY. It is expressly agreed that the obligations of the Fund and each Portfolio hereunder shall not be binding upon any of the Trustees, officers, agents or employees of the Fund or upon the shareholders of any Portfolio personally, but shall only bind the assets and property of the Fund, as provided in its Trust Instrument. The execution and delivery of this Contract Agreement have been authorized by the Trustees of the Fund, and this Contract Agreement has been executed and delivered by an authorized officer of the Fund acting as such; neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Fund, as Provided provided in its Trust Instrument.

Appears in 1 contract

Samples: Custodian Contract (Growth Portfolio/Ca/)

AutoNDA by SimpleDocs

LIMITATION OF TRUSTEE, OFFICER AND SHAREHOLDER LIABILITY. It is expressly agreed that the obligations of the Fund Trust and each Portfolio Fund hereunder shall not be binding upon any of the Trusteestrustees, officers, agents or employees of the Fund Trust or upon the shareholders of any Portfolio the Funds personally, but shall only bind the assets and property of the FundTrust, as provided in its Trust Instrument. The execution and delivery of this Contract Agreement have been authorized by the Trustees trustees of the FundTrust, and this Contract Agreement has been executed and delivered by an authorized officer of the Fund Trust acting as such; neither such authorization by such Trustees trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the FundTrust, as Provided provided in its Trust Instrument.

Appears in 1 contract

Samples: Viking Mutual Funds (Viking Mutual Funds)

Time is Money Join Law Insider Premium to draft better contracts faster.