Common use of No Management or Control; Limited Liability; Exercise of Rights through a Participant Clause in Contracts

No Management or Control; Limited Liability; Exercise of Rights through a Participant. The Beneficial Owners shall not participate in the management or control of the Trust nor shall they enter into any transaction on behalf of the Trust or have the power to sign for or bind the Trust, said power being vested solely and exclusively in the Sponsor. Except as provided in Section 9.03 hereof, no Beneficial Owner shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of its Percentage Interest of the Trust Property. Except as provided in Section 9.03 hereof, each Share owned by a Beneficial Owner shall be fully paid and no assessment shall be made against any Beneficial Owner. No salary shall be paid to any Beneficial Owner in its capacity as a Beneficial Owner, nor shall any Beneficial Owner have a drawing account or earn interest on its Percentage Interest of the Trust Property. By the purchase and acceptance or other lawful delivery and acceptance of Shares, each owner of such Shares shall be deemed to be a Beneficial Owner and beneficiary of the Trust and vested with beneficial undivided interest in the Trust to the extent of the Shares owned beneficially by such Beneficial Owner, subject to the terms and conditions of this Trust Agreement.

No Management or Control; Limited Liability; Exercise of Rights through a Participant. The Beneficial Owners Unitholders shall not participate in the management or control of the Trust nor shall they enter into any transaction on behalf of the Trust or have the power to sign for or bind the Trust, said power being vested solely and exclusively in the Sponsor. Except as provided in Section 9.03 7.3 hereof, no Beneficial Owner Unitholder shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of its Percentage Interest his share of the Trust PropertyEstate. Except as provided in Section 9.03 7.3 hereof, each Share Unit owned by a Beneficial Owner Unitholder shall be fully paid and no assessment shall be made against any Beneficial OwnerUnitholder. No salary shall be paid to any Beneficial Owner Unitholder in its his capacity as a Beneficial OwnerUnitholder, nor shall any Beneficial Owner Unitholder have a drawing account or earn interest on its Percentage Interest share of the Trust PropertyEstate. By the purchase and acceptance or other lawful delivery and acceptance of SharesUnits, each owner of such Shares shall be deemed to be a Beneficial Owner Unitholder and beneficiary of the Trust and vested with beneficial undivided interest in the Trust to the extent of the Shares Units owned beneficially by such Beneficial OwnerUnitholder, subject to the terms and conditions of this Trust Agreement.

No Management or Control; Limited Liability; Exercise of Rights through a Participant. The Beneficial Owners Shareholders shall not participate in the management or control of the Trust nor shall they enter into any transaction on behalf of the Trust or have the power to sign for or bind the Trust, said power being vested solely and exclusively in the Sponsor. Except as provided in Section 9.03 7.3 hereof, no Beneficial Owner Shareholder shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of its Percentage Interest of the Trust PropertyEstate. Except as provided in Section 9.03 7.3 hereof, each Share owned by a Beneficial Owner Shareholder shall be fully paid and no assessment shall be made against any Beneficial OwnerShareholder. No salary shall be paid to any Beneficial Owner Shareholder in its capacity as a Beneficial OwnerShareholder, nor shall any Beneficial Owner Shareholder have a drawing account or earn interest on its Percentage Interest of the Trust PropertyEstate. By the purchase and acceptance or other lawful delivery and acceptance of Shares, each owner of such Shares shall be deemed to be a Beneficial Owner Shareholder and beneficiary of the Trust and vested with beneficial undivided interest in the Trust to the extent of the Shares owned beneficially by such Beneficial OwnerShareholder, subject to the terms and conditions of this Trust Agreement.

No Management or Control; Limited Liability; Exercise of Rights through a Participant. The Beneficial Owners Shareholders shall not participate in the management or control of the Trust nor shall they enter into any transaction on behalf of the Trust or have the power to sign for or bind the Trust, said power being vested solely and exclusively in the Sponsor. Except as provided in Section 9.03 7.3 hereof, no Beneficial Owner Shareholder shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of its Percentage Interest of the Trust PropertyEstate. Except as provided in Section 9.03 7.3 hereof, each Share owned by a Beneficial Owner Shareholder shall be fully paid and no assessment shall be made against any Beneficial OwnerShareholder. No salary shall be paid to any Beneficial Owner Shareholder in its capacity as a Beneficial OwnerShareholder, nor shall any Beneficial Owner Shareholder have a drawing account or earn interest on its Percentage Interest of the Trust PropertyEstate. By the purchase and acceptance or other lawful delivery and acceptance of Shares, each owner of such Shares shall be deemed to be a Beneficial Owner Shareholder and beneficiary beneficial owner of the Trust and vested with a beneficial undivided interest in the Trust to the extent of the Shares owned beneficially by such Beneficial OwnerShareholder, subject to the terms and conditions of this Trust Agreement.

No Management or Control; Limited Liability; Exercise of Rights through a Participant. The Beneficial Limited Owners shall not participate in the management or control of the Trust nor shall they enter into any transaction on behalf of the Trust or have the power to sign for or bind the Trust, said power being vested solely and exclusively in the Sponsor. Except as provided in Section 9.03 hereof7.3, no Beneficial Limited Owner shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of its his Percentage Interest of the Trust PropertyEstate. Except as provided in Section 9.03 7.3 hereof, each Share owned by a Beneficial Limited Owner shall be fully paid and no assessment shall be made against any Beneficial Limited Owner. No salary shall be paid to any Beneficial Limited Owner in its his capacity as a Beneficial Limited Owner, nor shall any Beneficial Limited Owner have a drawing account or earn interest on its Percentage Interest of the Trust PropertyEstate. By the purchase and acceptance or other lawful delivery and acceptance of Shares, each owner of such Shares Limited Owner shall be deemed to be a Beneficial Owner and beneficiary of the Trust and vested with beneficial undivided interest in the Trust to the extent of the Shares owned beneficially by such Beneficial Limited Owner, subject to the terms and conditions of this Trust Agreement.