Common use of Disclaimer of Shareholder and Director Liability Clause in Contracts

Disclaimer of Shareholder and Director Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Director and shareholder liability for acts or obligations of the Fund.

Appears in 2 contracts

Samples: Distribution and Service Plan and Agreement (Oppenheimer Series Fund Inc), Distribution and Service Plan and Agreement (Oppenheimer Series Fund Inc)

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Disclaimer of Shareholder and Director Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Director and shareholder liability for acts or obligations of the Fund.

Appears in 2 contracts

Samples: Distribution Agreement (Oppenheimer Series Fund Inc), Distribution Agreement (Oppenheimer Series Fund Inc)

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