TRUST AND SHAREHOLDER LIABILITY. The Administrator is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust of each Trust and agrees that obligations assumed by a Trust and/or Series pursuant to this Agreement shall be limited in all cases to that Trust and/or Series and its assets, and if the liability relates to one or more Trust and/or Series, the obligations hereunder shall be limited to the respective assets of that Trust and/or Series. The Administrator further agrees that they shall not seek satisfaction of any such obligation from the shareholders or any individual shareholder of a Trust and/or Series, nor from the Trustees, any individual Trustee of a Trust or any of the Trust’s officers, employees or agents, whether past, present or future shall be personally liable therefore.
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Samples: Administrative Services Agreement (Eagle Growth & Income Fund), Administrative Services Agreement (Eagle Capital Appreciation Fund), Administrative Services Agreement (Eagle Growth & Income Fund)
TRUST AND SHAREHOLDER LIABILITY. The Administrator is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Agreement and Declaration of Trust of each the Trust and agrees that obligations assumed by a the Trust and/or Series a Fund pursuant to this Agreement shall be limited in all cases to that Trust and/or Series the Fund and its assets, and if the liability relates to one or more Trust and/or SeriesFunds, the obligations hereunder shall be limited to the respective assets of that Trust and/or Seriessuch Fund or Funds. The Administrator further agrees that they shall not seek satisfaction of any such obligation from the shareholders or any individual shareholder of a Trust and/or SeriesFund, nor from the Trustees, any individual Trustee of a the Trust or any of the Trust’s officers, employees or agents, whether past, present or future shall be personally liable thereforetherefor.
Appears in 7 contracts
Samples: Amended And (U S Global Investors Inc), Administrative Services Agreement (Us Global Investors Funds), Administrative Services Agreement (Us Global Investors Funds)
TRUST AND SHAREHOLDER LIABILITY. The Administrator is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust of each the Trust and agrees that obligations assumed by a the Trust and/or Series pursuant to this Agreement shall be limited in all cases to that Trust and/or Series and its assets, and if the liability relates to one or more Trust and/or Series, the obligations hereunder shall be limited to the respective assets of that Trust and/or Series. The Administrator further agrees that they shall not seek satisfaction of any such obligation from the shareholders or any individual shareholder of a the Trust and/or Series, nor from the Trustees, any individual Trustee of a the Trust or any of the Trust’s officers, employees or agents, whether past, present or future shall be personally liable therefore.
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TRUST AND SHAREHOLDER LIABILITY. The Administrator is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust of each Trust and agrees that obligations assumed by a Trust and/or Series pursuant to this Agreement shall be limited in all cases to that Trust and/or Series and its assets, and if the liability relates to one or more Trust and/or Series, the obligations hereunder shall be limited to the respective assets of that Trust and/or Series. The Administrator further agrees that they shall not seek satisfaction of any such obligation from the shareholders or any individual shareholder of a Trust and/or Series, nor from the Trustees, any individual Trustee of a Trust or any of the Trust’s officers, employees or agents, whether past, present or future shall be personally liable thereforetherefor.
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