Common use of Directors and Trustees Clause in Contracts

Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s executive committee.

Appears in 117 contracts

Samples: Custodian Agreement (T. Rowe Price Reserve Investment Funds, Inc.), Custodian Agreement (T. Rowe Price Institutional Income Funds, Inc.), Custodian Agreement (T. Rowe Price Spectrum Funds II, Inc.)

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Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s Board`s executive committee.

Appears in 30 contracts

Samples: Custodian Agreement (T. Rowe Price Institutional International Funds, Inc.), Custodian Agreement (T. Rowe Price Inflation Focused Bond Fund, Inc.), Custodian Agreement (T. Rowe Price Institutional International Funds, Inc.)

Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s 's executive committee.

Appears in 24 contracts

Samples: Custodian Agreement (T Rowe Price Us Bond Index Fund Inc), Custodian Agreement (Price T Rowe Prime Reserve Fund Inc), Custodian Agreement (Price T Rowe Short Term Bond Fund Inc)

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Directors and Trustees. It is understood and is expressly stipulated that neither the holders of Shares nor any member of the Board be personally liable hereunder. Whenever reference is made herein to an action required to be taken by the Board, such action may also be taken by the Board’s 's executive committee.. SECTION 12.19

Appears in 5 contracts

Samples: Custodian Agreement (Price T Rowe International Funds Inc), Custodian Agreement (Price T Rowe New America Growth Fund), Custodian Agreement (T Rowe Price Summit Municipal Funds Inc)

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