Common use of Assets and Liabilities of Each Series are Separate Clause in Contracts

Assets and Liabilities of Each Series are Separate. In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against Series 10 in terms of this Agreement is limited to the assets of Series 10, and no such claim liability or obligation may be levied or set-off against any other assets of the Onshore LLC or any other series. In the event that the assets of Series 10 are insufficient to meet the obligations of Series 10 under this Agreement, Series 10’s obligations shall be limited to such assets and the Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever to establish any claim or interest in or recourse against any asset of the Onshore LLC or any other series of the Onshore LLC.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

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Assets and Liabilities of Each Series are Separate. In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against Series 10 7 in terms of this Agreement is limited to the assets of Series 107, and no such claim liability or obligation may be levied or set-off against any other assets of the Onshore LLC or any other series. In the event that the assets of Series 10 7 are insufficient to meet the obligations of Series 10 7 under this Agreement, Series 107’s obligations shall be limited to such assets and the Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever to establish any claim or interest in or recourse against any asset of the Onshore LLC or any other series of the Onshore LLC.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

Assets and Liabilities of Each Series are Separate. In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against Series 10 11 in terms of this Agreement is limited to the assets of Series 1011, and no such claim liability or obligation may be levied or set-off against any other assets of the Onshore LLC or any other series. In the event that the assets of Series 10 11 are insufficient to meet the obligations of Series 10 11 under this Agreement, Series 1011’s obligations shall be limited to such assets and the Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever to establish any claim or interest in or recourse against any asset of the Onshore LLC or any other series of the Onshore LLC.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

Assets and Liabilities of Each Series are Separate. In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against Series 10 9 in terms of this Agreement is limited to the assets of Series 109, and no such claim liability or obligation may be levied or set-off against any other assets of the Onshore LLC or any other series. In the event that the assets of Series 10 9 are insufficient to meet the obligations of Series 10 9 under this Agreement, Series 109’s obligations shall be limited to such assets and the Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever to establish any claim or interest in or recourse against any asset of the Onshore LLC or any other series of the Onshore LLC.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

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Assets and Liabilities of Each Series are Separate. In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against Series 10 6 in terms of this Agreement is limited to the assets of Series 106, and no such claim liability or obligation may be levied or set-off against any other assets of the Onshore LLC or any other series. In the event that the assets of Series 10 6 are insufficient to meet the obligations of Series 10 6 under this Agreement, Series 106’s obligations shall be limited to such assets and the Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever to establish any claim or interest in or recourse against any asset of the Onshore LLC or any other series of the Onshore LLC.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

Assets and Liabilities of Each Series are Separate. In accordance with the foregoing, the parties hereto agree that the right to claim or proceed against Series 10 8 in terms of this Agreement is limited to the assets of Series 108, and no such claim liability or obligation may be levied or set-off against any other assets of the Onshore LLC or any other series. In the event that the assets of Series 10 8 are insufficient to meet the obligations of Series 10 8 under this Agreement, Series 108’s obligations shall be limited to such assets and the Trader agrees that it shall not seek, whether in any proceedings or other means whatsoever or wheresoever to establish any claim or interest in or recourse against any asset of the Onshore LLC or any other series of the Onshore LLC.

Appears in 1 contract

Samples: Trading Advisory Agreement (RBB Fund, Inc.)

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