Several Obligations of the Funds. This Agreement is executed on behalf of the Board of Trustees of each Fund as Trustees and not individually and the obligations of this Agreement are not binding upon any of the Trustees or shareholders individually but are binding only upon the assets and property of the Funds. With respect to the obligations of each Fund arising hereunder, Bank shall look for payment or satisfaction of any such obligation solely to the assets of the Fund to which such obligation relates as though Bank had separately contracted by separate written instrument with respect to each Fund.
Appears in 47 contracts
Samples: Global Custody Agreement (Vanguard Index Funds), Country Sub (Vanguard Valley Forge Funds), Country Sub (Vanguard Specialized Funds)
Several Obligations of the Funds. This Agreement is executed on behalf of the Board of Trustees each Company on behalf of each Fund as Trustees and not individually the respective Funds and the obligations of this Agreement are not binding upon any of the Trustees Board members or shareholders individually but are binding only upon the assets and property of the Funds. With respect to the obligations of each Fund arising hereunder, Bank shall look for payment or satisfaction of any such obligation solely to the assets of the Fund to which such obligation relates as though Bank had separately contracted by separate written instrument with respect to each Fund.
Appears in 3 contracts
Samples: Domestic Custody Agreement (Equitrust Series Fund Inc), Domestic Custody Agreement (Equitrust Variable Insurance Series Fund), Domestic Custody Agreement (Equitrust Money Market Fund Inc)
