Common use of Disclaimer of Shareholder Liability Clause in Contracts

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property; the General Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund.

Appears in 22 contracts

Samples: General Distributor's Agreement (Oppenheimer Emerging Growth Fund), General Distributor's Agreement (Oppenheimer International Small Co Fund), General Distributor's Agreement (Oppenheimer Real Asset Fund)

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Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property; the General Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund.

Appears in 5 contracts

Samples: General Distributor's Agreement (Oppenheimer Europe Fund), General Distributor's Agreement (Oppenheimer Institutional Growth Fund), General Distributor's Agreement (Quest for Value Global Equity Fund Inc)

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Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property; the General Distributor represents that it has notice of the provisions of the Amended and Restated Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund.

Appears in 3 contracts

Samples: General Distributor's Agreement (Oppenheimer Large Cap Value Fund), General Distributor's Agreement (Oppenheimer Stable Value Fund), General Distributor's Agreement (Oppenheimer Institutional Growth Fund)

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