Common use of Regulatory Services Clause in Contracts

Regulatory Services. Nothing in this Agreement shall be deemed to appoint USBGFS or any of its officers, directors or employees as the Trust attorneys, form attorney-client relationships or require the provision of legal advice. No work performed by employees of USBGFS or its affiliates (whether relating to assisting in the preparation or filing of regulatory materials, compliance with applicable laws, rules, or regulations, or otherwise) shall constitute legal advice. The Trust acknowledges that employees of USBGFS and its affiliates who are attorneys do not represent the Trust and rely on outside counsel retained by the Trust to review all services provided by USBGFS and to provide independent judgment on the Trust’s behalf. The Trust acknowledges that because no attorney-client relationship exists between the Trust and USBGFS (or any employee of USBGFS or its affiliates), any information provided may not be privileged and may be subject to compulsory disclosure.

Regulatory Services. Nothing in this Agreement shall be deemed to appoint USBGFS or any of its officers, directors or employees as the Trust Company attorneys, form attorney-client relationships or require the provision of legal advice. No work performed by employees of USBGFS or its affiliates (whether relating to assisting in the preparation or filing of regulatory materials, compliance with applicable laws, rules, or regulations, or otherwise) shall constitute legal advice. The Trust Company acknowledges that employees of USBGFS and its affiliates who are attorneys do not represent the Trust Company and rely on outside counsel retained by the Trust Company to review all services provided by USBGFS and to provide independent judgment on the TrustCompany’s behalf. The Trust Company acknowledges that because no attorney-client relationship exists between the Trust Company and USBGFS (or any employee of USBGFS or its affiliates), any information provided may not be privileged and may be subject to compulsory disclosure.

Regulatory Services. Nothing in this Agreement shall be deemed to appoint USBGFS or any of its officers, directors or employees as the Trust attorneys, form attorney-client relationships or require the provision of legal advice. No work performed by employees of USBGFS or its affiliates (whether relating to assisting in the preparation or filing of regulatory materials, compliance with applicable laws, rules, or regulations, or otherwise) shall constitute legal advice. The Trust acknowledges that employees of USBGFS and its affiliates who are attorneys do not represent the Trust and rely on outside counsel retained by the Trust to review all services provided by USBGFS and to provide independent judgment on the Trust’s Trusts behalf. The Trust acknowledges that because no attorney-client relationship exists between the Trust and USBGFS (or any employee of USBGFS or its affiliates), any information provided may not be privileged and may be subject to compulsory disclosure.

Regulatory Services. Nothing in this Agreement shall be deemed to appoint USBGFS or any of its officers, directors or employees as the Trust attorneys, form attorney-client relationships or require the provision of legal advice. No work performed by employees of USBGFS or its affiliates (whether relating to assisting in the preparation or filing of regulatory materials, compliance with applicable laws, rules, or regulations, or otherwise) shall constitute legal advice. The Trust acknowledges that employees of USBGFS and its affiliates who are attorneys do not represent the Trust and rely on outside counsel retained by the Trust to review all services provided by USBGFS and to provide independent judgment on the Trust’s behalf. The Trust acknowledges that because no attorney-client relationship exists between the Trust and USBGFS (or any employee of 4901-7398-8200.1 USBGFS or its affiliates), any information provided may not be privileged and may be subject to compulsory disclosure.

Regulatory Services. Nothing in this Agreement shall be deemed to appoint USBGFS or any of its officers, directors or employees as the Trust Fund attorneys, form attorney-client relationships or require the provision of legal advice. No work performed by employees of USBGFS or its affiliates (whether relating to assisting in the preparation or filing of regulatory materials, compliance with applicable laws, rules, or regulations, or otherwise) shall constitute legal advice. The Trust Fund acknowledges that employees of USBGFS and its affiliates who are attorneys do not represent the Trust Fund and rely on outside counsel retained by the Trust Fund to review all services provided by USBGFS and to provide independent judgment on the TrustFund’s behalf. The Trust Fund acknowledges that because no attorney-client relationship exists between the Trust Fund and USBGFS (or any employee of USBGFS or its affiliates), any information provided may not be privileged and may be subject to compulsory disclosure.

Regulatory Services. Nothing in this Agreement shall be deemed to appoint USBGFS or any of its officers, directors or employees as the Trust Administrator attorneys, form attorney-client relationships or require the provision of legal advice. No work performed by employees of USBGFS or its affiliates (whether relating to assisting in the preparation or filing of regulatory materials, compliance with applicable laws, rules, or regulations, or otherwise) shall constitute legal advice. The Trust Administrator acknowledges that employees of USBGFS and its affiliates who are attorneys do not represent the Trust Administrator and rely on outside counsel retained by the Trust Administrator to review all services provided by USBGFS and to provide independent judgment on the TrustAdministrator’s behalf. The Trust Administrator acknowledges that because no attorney-client relationship exists between the Trust Administrator and USBGFS (or any employee of USBGFS or its affiliates), any information provided may not be privileged and may be subject to compulsory disclosure.