Assumptions Regarding Structure. The parties acknowledge and agree that certain of the Funds under this Agreement are comprised of separate Portfolios and that such Portfolios are not separately existing legal entities entitled to enter into contractual agreements or to execute instruments and, for these reasons, the relevant Funds are executing this Agreement and the relevant Notes on behalf of their specified respective Portfolios.
Appears in 4 contracts
Samples: Credit Agreement (Legg Mason Income Trust Inc), Credit Agreement (Legg Mason Value Trust Inc), Credit Agreement (Legg Mason Light Street Trust Inc)
