Common use of Limitations of Liability of the Board and Shareholders of the Investment Company Clause in Contracts

Limitations of Liability of the Board and Shareholders of the Investment Company. The execution and delivery of this Agreement have been authorized by the Board of the Investment Company and signed by an authorized officer of the Investment Company, acting as such, and neither such authorization by the Board nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, and the obligations of this Agreement are not binding upon any member of the Board or Shareholders of the Investment Company, but bind only the property of the Fund, or Class, as provided in the Declaration of Trust.

Appears in 293 contracts

Samples: Administrative Services (Federated Hermes Project & Trade Finance Tender Fund), Administrative Services (Federated Hermes Income Securities Trust), Administrative Services (Federated Hermes Municipal Bond Fund, Inc.)

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