Common use of Limitations of Liability and Indemnification Clause in Contracts

Limitations of Liability and Indemnification. 8 5.1. No Personal Liability of Shareholders, Trustees, etc. 8 5.2. Mandatory Indemnification 8 5.3. No Bond Required of Trustees 10 5.4. No Duty of Investigation; No Notice in Trust Instruments, etc. 10 5.5. Reliance on Experts, etc. 10 ARTICLE VI SHARES OF BENEFICIAL INTEREST 10 6.1. Beneficial Interest 10 6.2. Other Securities 11 6.3. Rights of Shareholders 11 6.4. Trust Only 11 6.5. Issuance of Shares 11 6.6. Register of Shares 11 6.7. Transfer Agent and Xxxxxxxxx 00 6.8. Transfer of Shares 12 6.9. Notices 12 ARTICLE VII DETERMINATION OF NET ASSET VALUE 12 7.1. Net Asset Value 12 7.2. Power to Modify Foregoing Procedures 12 ARTICLE VIII CUSTODIANS 13 8.1. Appointment and Duties 13 8.2. Central Certificate System 13 ARTICLE IX TRANSFERS AND REPURCHASES 14 9.1. Transfer of Shares 14 9.2. Repurchase of Shares 14 ARTICLE X SHAREHOLDERS 16 10.1. Meetings of Shareholders 16 10.2. Voting 16 10.3. Notice of Meeting and Record Date 16 10.4. Quorum and Required Vote 16 10.5. Proxies, etc. 17 10.6. Reports 17 10.7. Inspection of Records 17 10.8. Shareholder Action by Written Consent 17

Limitations of Liability and Indemnification. 8 5.1. 7 4.1 No Personal Liability of Shareholders, Trustees, etc. 8 5.2. etc 7 4.2 Mandatory Indemnification 8 5.3. No Bond Required of Trustees 10 5.4. 7 4.3 No Duty of Investigation; No Notice in Trust Instruments, etc. 10 5.5. etc 8 4.4 Reliance on Experts, etc. 10 etc 9 ARTICLE VI SHARES OF BENEFICIAL INTEREST 10 6.1. V Shares of Beneficial Interest 9 5.1 Beneficial Interest 9 5.2 Classes and Series 9 5.3 Issuance of Shares 9 5.4 Redemptions and Repurchases of Shares 10 6.2. Other Securities 11 6.3. 5.5 Rights of Shareholders 11 6.4. 10 5.6 Trust Only 11 6.5. Issuance of Shares 11 6.6. 10 5.7 Register of Shares 11 6.7. 10 5.8 Transfer Agent and Xxxxxxxxx 00 6.8. 5.9 Transfer of Shares 12 6.9. 11 5.10 Notices 12 ARTICLE VII DETERMINATION OF NET ASSET VALUE 12 7.1. 11 5.11 Net Asset Value 11 5.12 Distributions to Shareholders 11 ARTICLE VI Shareholders 12 7.2. Power to Modify Foregoing Procedures 12 ARTICLE VIII CUSTODIANS 13 8.1. Appointment and Duties 13 8.2. Central Certificate System 13 ARTICLE IX TRANSFERS AND REPURCHASES 14 9.1. Transfer of Shares 14 9.2. Repurchase of Shares 14 ARTICLE X SHAREHOLDERS 16 10.1. 6.1 Meetings of Shareholders 16 10.2. 12 6.2 Voting 16 10.3. 12 6.3 Notice of Meeting Meeting, Shareholder Proposals and Record Date 16 10.4. 12 6.4 Quorum and Required Vote 16 10.5. 12 6.5 Proxies, etc. 17 10.6. etc 13 6.6 Reports 17 10.7. Inspection of Records 17 10.8. 13 6.7 Shareholder Action by Written Consent 1714

Limitations of Liability and Indemnification. 8 5.1. 5.1 No Personal Liability of ShareholdersUnitholders, Trustees, etc. 8 5.2. 11 5.2 Mandatory Indemnification 8 5.3. 12 5.3 Insurance 13 5.4 No Bond Required of Trustees 10 5.4. 13 5.5 No Duty of Investigation; No Notice in Trust Instruments, etc. 10 5.5. 13 5.6 Reliance on Experts, etc. 10 13 ARTICLE VI SHARES OF BENEFICIAL INTEREST 10 6.1. Units of Beneficial Interest 10 6.2. 6.1 Beneficial Interest 13 6.2 Other Securities 11 6.3. 13 6.3 Rights of Shareholders 11 6.4. Trust Only 11 6.5. Unitholders 14 6.4 Nature of Entity 14 6.5 Issuance of Shares 11 6.6. Units 14 6.6 Register of Shares 11 6.7. Units 15 6.7 Transfer Agent and Xxxxxxxxx Rxxxxxxxx 00 6.8. 6.8 Transfer of Shares 12 6.9. Units 15 6.9 Notices 12 16 ARTICLE VII DETERMINATION OF NET ASSET VALUE 12 7.1. Net Asset Value 12 7.2. Power to Modify Foregoing Procedures 12 ARTICLE VIII CUSTODIANS 13 8.1. Custodians 7.1 Appointment and Duties 13 8.2. 16 7.2 Central Certificate System 13 16 ARTICLE VIII Redemption 8.1 Redemptions 17 8.2 Disclosure of Holding 17 ARTICLE IX TRANSFERS AND REPURCHASES 14 9.1. Capital Accounts and Operation Thereof 9.1 Capital Accounts 17 9.2 Regulatory Allocations 18 9.3 Adjustment of Basis of Units 20 9.4 Transfer of Shares 14 9.2. Repurchase or Change in Interests 20 9.5 Syndication and Organization Expenses 20 9.6 Tax Allocations 20 9.7 Determination of Shares 14 Certain Matters 22 9.8 No Deficit Makeup 23 ARTICLE X SHAREHOLDERS 16 10.1. Meetings Determination of Shareholders 16 10.2. Voting 16 10.3. Notice of Meeting Net Asset Value; Net Income; and Record Date 16 10.4. Quorum and Required Vote 16 10.5. Proxies, etc. 17 10.6. Reports 17 10.7. Inspection of Records 17 10.8. Shareholder Action by Written Consent 17Distributions

Limitations of Liability and Indemnification. 8 5.1. 5.1 No Personal Liability of Shareholders, Trustees, etc. 8 5.2. 10 5.2 Mandatory Indemnification 8 5.3. No Bond Required of Trustees 10 5.4. 5.3 No Duty of Investigation; No : Notice in Trust Instruments, etc. 10 5.5. 12 5.4 Reliance on Experts, etc. 10 12 ARTICLE VI SHARES OF BENEFICIAL INTEREST 10 6.1. Shares of Beneficial Interest 10 6.2. Other Securities 11 6.3. 6.1 Beneficial Interest 12 6.2 Series Designation 12 6.3 Class Designation 13 6.4 Description of Shares 13 6.5 Rights of Shareholders 11 6.4. 15 6.6 Trust Only 11 6.5. 15 6.7 Issuance of Shares 11 6.6. 15 6.8 Register of Shares 11 6.7. 15 6.9 Transfer Agent and Xxxxxxxxx 00 6.8. 6.10 Transfer of Shares 12 6.9. 16 6.11 Notices 12 16 ARTICLE VII DETERMINATION OF NET ASSET VALUE 12 7.1. Custodians 7.1 Appointment and Duties 16 7.2 Central Certificate System 17 ARTICLE VIII Redemption 8.1 Redemptions 17 8.2 Disclosure of Holding 18 8.3 Redemptions of Small Accounts 18 ARTICLE IX Determination of Net Asset Value 12 7.2. Power to Modify Foregoing Procedures 12 ARTICLE VIII CUSTODIANS 13 8.1. Appointment Net Income and Duties 13 8.2. Central Certificate System 13 ARTICLE IX TRANSFERS AND REPURCHASES 14 9.1. Transfer of Shares 14 9.2. Repurchase of Shares 14 ARTICLE X SHAREHOLDERS 16 10.1. Meetings of Shareholders 16 10.2. Voting 16 10.3. Notice of Meeting and Record Date 16 10.4. Quorum and Required Vote 16 10.5. Proxies, etc. 17 10.6. Reports 17 10.7. Inspection of Records 17 10.8. Shareholder Action by Written Consent 17Distributions

Limitations of Liability and Indemnification. 8 5.1. 5.1 No Personal Liability of Shareholders, Trustees, etc. etc 8 5.2. 5.2 Mandatory Indemnification 8 5.3. 5.3 No Bond Required of Trustees 10 5.4. 9 5.4 No Duty of Investigation; No Notice in Trust Instruments, etc. 10 5.5. etc 9 5.5 Reliance on Experts, etc. 10 etc 9 ARTICLE VI — SHARES OF BENEFICIAL INTEREST 10 6.1. 6.1 Beneficial Interest 10 6.2. Other Securities 11 6.3. 6.2 Establishment of Series and Classes 10 6.3 Rights of Shareholders 11 6.4. 6.4 Trust Only 11 6.5. 6.5 Issuance of Shares 11 6.6. 6.6 Register of Shares 11 6.7. 6.7 Transfer Agent and Xxxxxxxxx 00 6.8. 6.8 Transfer of Shares 12 6.9. 6.9 Derivative Claims 12 6.10 Direct Claims 12 6.11 Notices 12 ARTICLE VII — CUSTODIANS 13 7.1 Appointment and Duties 13 7.2 Central Certificate System 13 ARTICLE VIII — REDEMPTIONS AND REPURCHASES 14 8.1 Redemptions and Repurchases of Shares 14 8.2 Manner of Payment 14 8.3 Disclosure of Holding 14 ARTICLE IX — DETERMINATION OF NET ASSET VALUE 12 7.1. VALUE, NET INCOME AND DISTRIBUTIONS 14 9.1 Net Asset Value 12 7.2. 14 9.2 Distributions to Shareholders 14 9.3 Power to Modify Foregoing Procedures 12 ARTICLE VIII CUSTODIANS 13 8.1. Appointment and Duties 13 8.2. Central Certificate System 13 ARTICLE IX TRANSFERS AND REPURCHASES 14 9.1. Transfer of Shares 14 9.2. Repurchase of Shares 14 15 ARTICLE X — SHAREHOLDERS 16 10.1. Meetings of Shareholders 16 10.2. Voting 16 10.3. Notice of Meeting and Record Date 16 10.4. Quorum and Required Vote 16 10.5. Proxies, etc. 17 10.6. Reports 17 10.7. Inspection of Records 17 10.8. Shareholder Action by Written Consent 1715

Limitations of Liability and Indemnification. 8 5.1. 9 5.1 No Personal Liability of Shareholders, Trustees, etcetc 9 TABLE OF CONTENTS (continued) Page 5.2 Mandatory Indemnification. 8 5.2. Mandatory Indemnification 8 5.3. 10 5.3 No Bond Required of Trustees 10 5.4. 11 5.4 No Duty of Investigation; No Notice in Trust Instruments, etc. 10 5.5. etc 11 5.5 Reliance on Experts, etcetc 12 ARTICLE VI. 10 ARTICLE VI SHARES OF BENEFICIAL INTEREST 10 6.1. 12 6.1 Beneficial Interest 10 6.2. 12 6.2 Other Securities 11 6.3. 12 6.3 Rights of Shareholders 11 6.4. 12 6.4 Trust Only 11 6.5. 13 6.5 Issuance of Shares 11 6.6. 13 6.6 Register of Shares 11 6.7. 13 6.7 Transfer Agent and Xxxxxxxxx 00 6.8. 6.8 Transfer of Shares 12 6.913 6.9 Notices 14 ARTICLE VII. Notices 12 CUSTODIANS 14 7.1 Appointment and Duties 14 7.2 Central Certificate System 15 ARTICLE VII VIII. REDEMPTION 15 8.1 Redemptions 15 8.2 Disclosure of Holding 15 ARTICLE IX. DETERMINATION OF NET ASSET VALUE 12 7.1. VALUE; NET INCOME; DISTRIBUTIONS 15 9.1 Net Asset Value 12 7.215 9.2 Distributions to Shareholders. 15 9.3 Power to Modify Foregoing Procedures 12 ARTICLE VIII CUSTODIANS 13 8.1. Appointment and Duties 13 8.2. Central Certificate System 13 ARTICLE IX TRANSFERS AND REPURCHASES 14 9.1. Transfer of Shares 14 9.2. Repurchase of Shares 14 ARTICLE X SHAREHOLDERS 16 10.1. Meetings of Shareholders 16 10.2. Voting 16 10.3. Notice of Meeting and Record Date 16 10.4. Quorum and Required Vote 16 10.5. Proxies, etc. 17 10.6. Reports 17 10.7. Inspection of Records 17 10.8. Shareholder Action by Written Consent 1716

Limitations of Liability and Indemnification. 8 5.1. 5.1 No Personal Liability of Shareholders, Trustees, etc. 8 5.2. 5.2 Mandatory Indemnification 8 5.3. 5.3 No Bond Required of Trustees 10 5.4. 9 5.4 No Duty of Investigation; No Notice in Trust Instruments, etc. 10 5.5. 9 5.5 Reliance on Experts, etc. 10 9 ARTICLE VI — SHARES OF BENEFICIAL INTEREST 10 6.1. 6.1 Beneficial Interest 10 6.2. Other Securities 11 6.3. 6.2 Establishment of Series and Classes 10 6.3 Rights of Shareholders 11 6.4. 6.4 Trust Only 11 6.5. 6.5 Issuance of Shares 11 6.6. 6.6 Register of Shares 11 6.7. 6.7 Transfer Agent and Xxxxxxxxx 00 6.8. 6.8 Transfer of Shares 12 6.9. 6.9 Derivative Claims 12 6.10 Direct Claims 12 6.11 Notices 12 ARTICLE VII — CUSTODIANS 13 7.1 Appointment and Duties 13 7.2 Central Certificate System 13 ARTICLE VIII — REDEMPTIONS AND REPURCHASES 14 8.1 Redemptions and Repurchases of Shares 14 8.2 Manner of Payment 14 8.3 Disclosure of Holding 14 ARTICLE IX — DETERMINATION OF NET ASSET VALUE 12 7.1. VALUE, NET INCOME AND DISTRIBUTIONS 14 9.1 Net Asset Value 12 7.2. 14 9.2 Distributions to Shareholders 14 9.3 Power to Modify Foregoing Procedures 12 ARTICLE VIII CUSTODIANS 13 8.1. Appointment and Duties 13 8.2. Central Certificate System 13 ARTICLE IX TRANSFERS AND REPURCHASES 14 9.1. Transfer of Shares 14 9.2. Repurchase of Shares 14 15 ARTICLE X — SHAREHOLDERS 16 10.1. Meetings of Shareholders 16 10.2. Voting 16 10.3. Notice of Meeting and Record Date 16 10.4. Quorum and Required Vote 16 10.5. Proxies, etc. 17 10.6. Reports 17 10.7. Inspection of Records 17 10.8. Shareholder Action by Written Consent 1715