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

Disclaimer of Shareholder and Trustee Liability. OFI understands and agrees that this Agreement is executed and delivered by the Fund by its duly authorized officer, and OFI is expressly put on notice of the limitation of shareholder and Trustee liability set forth in the Fund's Declaration of Trust which is on file with the Secretary of the Commonwealth of Massachusetts, and that this Agreement has been executed by and on behalf of the Fund by its officer as such officer and not individually, and the obligations of the Fund under this Agreement are not binding upon any shareholder, officer or Trustee of the Fund individually, but bind only the assets and property of the Fund or a particular series of the Fund.

Disclaimer of Shareholder and Trustee Liability. OFI understands and agrees that this Agreement is executed and delivered by the Fund by its duly authorized officer, and OFI is expressly put on notice of the limitation of shareholder and Trustee liability set forth in the Fund's ’s Declaration of Trust which is on file with the Secretary of the Commonwealth of Massachusetts, and that this Agreement has been executed by and on behalf of the Fund by its officer as such officer and not individually, and the obligations of the Fund under this Agreement are not binding upon any shareholder, officer or Trustee of the Fund individually, but bind only the assets and property of the Fund or a particular series of the Fund.