Common use of Several Obligations of the Funds Clause in Contracts

Several Obligations of the Funds. This Agreement is executed on behalf of the Trust and not on behalf of the Board or Trustees personally or individually. The obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders personally but are binding only upon the assets and property of the Trust and Funds. With respect to the obligations of each Fund arising hereunder, X.X. Xxxxxx shall look for payment or satisfaction of any such obligation solely to the assets of the Fund to which such obligation relates as though X.X. Xxxxxx had separately contracted by separate written instrument with respect to each Fund, and in no event shall X.X. Xxxxxx have recourse, by set-off or otherwise, to or against any assets of any other Funds. Upon request of X.X. Xxxxxx, the Trust shall promptly inform X.X. Xxxxxx of the proper attribution amongst the Funds of any outstanding obligations due hereunder. X.X. Xxxxxx may rely on such allocation stipulated by the Trust without further inquiry or liability.

Several Obligations of the Funds. This Agreement is executed on behalf of the Trust and not on behalf of the Board or Trustees personally or individually. The obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders personally but are binding only upon the assets and property of the Trust and Funds. With respect to the obligations of each Fund arising hereunder, X.X. Xxxxxx shall look for payment or satisfaction of any such obligation solely to the assets of the Fund to which such obligation relates as though X.X. Xxxxxx had separately contracted by separate written instrument with respect to each Fund, and in no event shall X.X. Xxxxxx have recourse, by set-off or otherwise, to or against any assets of any other Funds. Upon request of the X.X. Xxxxxx, the Trust shall promptly inform X.X. Xxxxxx of the proper attribution amongst the Funds of any outstanding obligations due hereunder. X.X. Xxxxxx may rely on such allocation stipulated by the Trust without further inquiry or liability.. ETF Agency Services Agreement – March 2010 version

Several Obligations of the Funds. This Agreement is executed on behalf of the Trust and not on behalf of the Board or Trustees personally or individually. The obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders personally but are binding only upon the assets and property of the Trust and Funds. With respect to the obligations of each Fund arising hereunder, X.X. J.X. Xxxxxx shall look for payment or satisfaction of any such obligation solely to the assets of the Fund to which such obligation relates as though X.X. J.X. Xxxxxx had separately contracted by separate written instrument with respect to each Fund, and in no event shall X.X. J.X. Xxxxxx have recourse, by set-off or otherwise, to or against any assets of any other Funds. Upon request of X.X. the J.X. Xxxxxx, the Trust shall promptly inform X.X. J.X. Xxxxxx of the proper attribution amongst the Funds of any outstanding obligations due hereunder. X.X. J.X. Xxxxxx may rely on such allocation stipulated by the Trust without further inquiry or liability.

Several Obligations of the Funds. This Agreement is executed on behalf of the Trust and not on behalf of the Board or Trustees personally or individually. The obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders personally but are binding only upon the assets and property of the Trust and Funds. With respect to the obligations of each Fund arising hereunder, X.X. Xxxxxx shall look for payment or satisfaction of any such obligation solely to the assets of the Fund to which such obligation relates as though X.X. Xxxxxx had separately contracted by separate written instrument with respect to each Fund, and in no event shall X.X. Xxxxxx have recourse, by set-off or otherwise, to or against any assets of any other Funds. Upon request of the X.X. Xxxxxx, the Trust shall promptly inform X.X. Xxxxxx of the proper attribution amongst the Funds of any outstanding obligations due hereunder. X.X. Xxxxxx may rely on such allocation stipulated by the Trust without further inquiry or liability.