Common use of Representative Capacity and Binding Obligation Clause in Contracts

Representative Capacity and Binding Obligation. A copy of the Articles of Incorporation of the Customer is on file with The Secretary of the State of Maryland, and notice is hereby given that this Agreement is not executed on behalf of the Directors of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Directors, officers or shareholders of the Customer individually but are binding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee or officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.

Representative Capacity and Binding Obligation. A copy of the Articles of Incorporation of the Customer is are on file with The Secretary of the State of Maryland, and notice is hereby given that this Agreement is not executed on behalf of the Directors of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Directors, officers or shareholders of the Customer individually but are binding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee or officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.

Representative Capacity and Binding Obligation. A copy of the Articles of Incorporation of the Customer is on file with The the Secretary of State of the State of Maryland, and notice . Notice is hereby given that this Agreement is not executed on behalf of the Directors of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Directors, officers or shareholders of the Customer individually but are binding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee director or officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.

Representative Capacity and Binding Obligation. A copy of the Articles of Incorporation Instrument of the Customer is on file with The the Secretary of the State of Maryland, and notice is hereby given that this Agreement is not executed on behalf of the Directors of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Directors, officers or shareholders of the Customer individually but are binding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee director, or officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.