Limitation of Trust’s Liability. The Portfolio Advisor acknowledges that it has received notice of and accepts the limitations upon the Trust's liability set forth in its Declaration of Trust. The Portfolio Advisor agrees that (i) the Trust's obligations to the Portfolio Advisor under this Agreement (or indirectly under the Advisory Agreement) shall be limited, in any event to the assets of the Portfolio and (ii) the Portfolio Advisor shall not seek satisfaction of any such obligation from the holders of interests in the Portfolio nor from any Trustee, officer, employee or agent of the Trust.
Appears in 14 contracts
Samples: Portfolio Advisory Agreement (Select Advisors Trust C), Portfolio Advisory Agreement (Select Advisors Portfolios), Portfolio Advisory Agreement (Select Advisors Variable Insurance Trust)
