Business Trust. With respect to a Client which is a business trust, the Lending Agent acknowledges and agrees that this Agreement is executed by such Client on behalf of the trustees of such Client as trustees and not individually; and no trustee, shareholder, officer, employee or agent of such business trust shall be held to any personal liability, nor shall resort be had to their property (other than the applicable trust property) for the satisfaction of the Client’s obligations under this Agreement, and such obligations are binding only upon the applicable trust property held by such trustee.
Business Trust. The name Armada Funds and of any investment portfolio thereof, and any reference to the "Trustees" of Armada Funds, refer respectively to the Trust created and the Trustees, as trustees but not individually or personally, acting from time to time under the Declaration of Trust which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Trust. The obligations of the Armada Funds entered into in its name, or on behalf of any of its investment portfolios, or on behalf thereof by any of the Trustees, representatives or agents, are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders or representatives of the Trust personally, but bind only the Trust property, and all persons dealing with any class of shares of the Trust must look solely to the Trust property belonging to such class for the enforcement of any claims against the Trust.
Business Trust. The names "Allegiant Funds" and "Allegiant Advantage Fund" and of any investment portfolio thereof, and any reference to the "Trustees" of Allegiant Funds and Allegiant Advantage Fund, refer respectively to the Trusts created and the Trustees, as trustees but not individually or personally, acting from time to time under the Declarations of Trust which are hereby referred to and copies of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal offices of the Trusts. The obligations of Allegiant Funds and Allegiant Advantage Fund entered into in its name, or on behalf of any of its investment portfolios, or on behalf thereof by any of its Trustees, representatives or agents, are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders or representatives of the respective Trust personally, but bind only the relevant Trust's property, and all persons dealing with any class of shares of a Trust must look solely to that Trust property belonging to such class for the enforcement of any claims against that Trust.
Business Trust. A copy of the Certificate of Trust of the Company -------------- is on file with the Secretary of the State of Delaware and notice is hereby given that this Agreement is not binding upon any of the trustees, officers or shareholders of the Company individually, but are binding only upon the assets and property of Fund. Bank agrees that no shareholder, trustee or officer of Company or Fund may be held personally liable or responsible for any obligation of Fund arising hereunder.
Business Trust. With respect to any Investment Company that is organized as a business trust (Trust), LMFA and LMPFA are hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust of the Trust and agree that obligations assumed by the Trust or each Fund pursuant to this Agreement shall be limited in all cases to the Trust or that Fund and its respective assets. LMFA and LMPFA agree that they shall not seek satisfaction of any such obligation from the shareholders or any individual shareholder of the Trust, nor from the Trustees or any individual Trustee of the Trust.
Business Trust. 2 SECTION 2.03 Offices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 SECTION 2.04 Purposes.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 SECTION 2.05 Document Execution and Performance.. . . . . . . . . . . . . . . 3 SECTION 2.06 Additional Beneficiaries.. . . . . . . . . . . . . . . . . . . . 4 SECTION 2.07 Tax Reporting and Characterization.. . . . . . . . . . . . . . . 4
Business Trust. It is the intention of the parties hereto that the Titling Trust be a business trust under the Delaware Act and that this Agreement shall constitute the governing instrument of the Titling Trust. Effective as of the date hereof, the Titling Trustee shall have all rights, powers and duties set forth herein and in the Delaware Act with respect to accomplishing the purposes of the Titling Trust. At the direction of the Grantor, the Titling Trustee shall file or cause to be filed a certificate of trust for the Titling Trust pursuant to the Delaware Act and such amendments thereto as shall be necessary or appropriate to satisfy the purposes of this agreement and as shall be consistent with the provisions hereof.
Business Trust. It is the intention of the parties hereto that the Titling Trust be a business trust under the Delaware Act and that this Agreement shall constitute the governing instrument of the Titling Trust. Effective as of the date hereof, the Titling Trustee shall have all rights, powers and duties set forth herein and in the Delaware Act with respect to accomplishing the purposes of the Titling Trust. The Titling Trustee shall file or cause to be filed a certificate of trust for the Titling Trust pursuant to the Delaware Act in substantially the form of Exhibit A attached hereto.
Business Trust. The Trust will be a business trust created --------- -------------- under the laws of the Commonwealth of Pennsylvania and existing subject to Chapter 95 of Title 15 of the Pennsylvania Consolidated Statutes (15 Pa.C.S.).
Business Trust. With respect to a Lender which is a business trust, Borrower acknowledges and agrees that this Agreement is executed by such Lender on behalf of the trustees of such Lender as trustees and not individually; and no trustee, shareholder, officer, employee or agent of such business trust shall be held to any personal liability, nor shall resort be had to their property for the satisfaction of Lender's obligations under this Agreement, and such obligations are binding only upon the assets and property of such Lender.
