Common use of Authorization By Board Clause in Contracts

Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the Commonwealth of Massachusetts, the Declaration of Trust and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Trustees, Officers, agents or holders of shares, personally, but bind only the Trust.

Appears in 3 contracts

Samples: Custody Agreement (10k Smart Trust), Custody Agreement (DCM Series Trust), Exhibit 8 (CLS Advisor One Funds)

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Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the Commonwealth of Massachusetts, the Declaration of Trust and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Trustees, Officers, agents or holders of shares, personally, but bind only the Trust and then only to the extent of the assets of the Trust.

Appears in 2 contracts

Samples: Custody Agreement (Flex Funds), Custody Agreement (Flex Funds)

Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the Commonwealth State of Massachusetts, the Declaration of Trust and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Trustees, Officers, agents or holders of shares, personally, but bind only the Trust and then only to the extent of the assets of the Trust.

Appears in 1 contract

Samples: Custody Agreement (Searay Financial Funds)

Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the Commonwealth of Massachusetts, the Declaration of Trust and the By-Laws of the Trust. This Agreement has been executed by Officers officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Trustees, Officersofficers, agents or holders of shares, personally, but bind only the Trust.

Appears in 1 contract

Samples: Custody Agreement (DCM Series Trust)

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Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under u nder the laws of the Commonwealth of Massachusetts, the Declaration Articles of Trust Incorporation and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding bindin g upon any of the Trustees, Officers, agents or holders of shares, personally, but bind only the Trust.

Appears in 1 contract

Samples: Custody Agreement (Wexford Trust/Pa)

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