Common use of Disclaimer of Manager and Member Liability Clause in Contracts

Disclaimer of Manager and Member Liability. The General Distributor understands and agrees that the --------------------------------------------------- obligations of the Fund under this Agreement are not binding upon any Manager or member of the Fund personally, but bind only the Fund and the Fund's property; the General Distributor represents that it has notice of the provisions of the Limited Liability Company Agreement of the Fund disclaiming Manager and member liability for acts or obligations of the Fund.

Appears in 4 contracts

Samples: General Distributor's Agreement (Ofi Tremont Core Diversified Hedge Fund), General Distributor's Agreement (Ofi Tremont Market Neutral Hedge Fund), General Distributor's Agreement (Oppenheimer Tremont Opportunity Fund LLC)

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