Common use of Disclaimer of Shareholder Liability Clause in Contracts

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 32 contracts

Samples: General Distributor's Agreement (Oppenheimer Transition 2040 Fund), S Agreement (Oppenheimer Transition 2020 Fund), S Agreement (Oppenheimer Transition 2015 Fund)

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Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's ’s property; the General Distributor represents that it has notice of the provisions of the Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 28 contracts

Samples: General Distributor’s Agreement (Oppenheimer Intermediate Term Municipal Fund), S Agreement (Oppenheimer Rochester Minnesota Municipal Fund), General Distributor’s Agreement (Oppenheimer Short Term Municipal Fund)

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 11 contracts

Samples: General Distributor's Agreement (Oppenheimer Main Street Opportunity Fund), General Distributor's Agreement (Oppenheimer Trinity Growth Fund), General Distributor's Agreement (Oppenheimer Select Growth Fund)

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund Trust under this Agreement are not binding upon any shareholder or any Trustee or shareholder of the Fund Trust personally, but bind only the Fund Trust and the FundTrust's property; the General Distributor represents that it has notice of the provisions of the Declaration of Trust, as may be amended or restated from time to time, Trust of the Fund Trust disclaiming trustee shareholder and shareholder Trustee liability for acts or obligations of the FundTrust.

Appears in 11 contracts

Samples: General Distributor's Agreement (Oppenheimer Variable Account Funds), General Distributor's Agreement (Oppenheimer Variable Account Funds), General Distributor's Agreement (Oppenheimer Variable Account Funds)

Disclaimer of Shareholder Liability. The General Distributor ----------------------------------- understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 6 contracts

Samples: S Agreement (Oppenheimer International Value Trust), General Distributor's Agreement (Oppenheimer Principal Protected Trust Iii), General Distributor's Agreement (Oppenheimer International Large Cap Core Trust)

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee Trustee and shareholder liability for acts or obligations of the Fund.

Appears in 3 contracts

Samples: General Distributor's Agreement (Oppenheimer Quest Capital Value Fund Inc), General Distributor's Agreement (Oppenheimer Quest Value Fund Inc), General Distributor's Agreement (Oppenheimer Main Street Small Cap Fund)

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Trust or the Fund under this Agreement are not binding upon any shareholder or any Trustee or shareholder of the Fund Trust personally, but bind only the Fund and the Fund's ’s property; the General Distributor represents that it has notice of the provisions of the Declaration of Trust, as may be amended or restated from time to time, Trust of the Fund Trust disclaiming trustee shareholder and shareholder Trustee liability for acts or obligations of the Trust and the Fund.

Appears in 3 contracts

Samples: General Distributor’s Agreement (Oppenheimer Variable Account Funds), General Distributor’s Agreement (Oppenheimer Variable Account Funds), General Distributor’s Agreement (Oppenheimer Variable Account Funds)

Disclaimer of Shareholder Liability. The General Distributor understands and ------------------------------------ agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 2 contracts

Samples: General Distributor's Agreement (Oppenheimer Multi Cap Value Fund), General Distributor's Agreement (Oppenheimer Multi Cap Value Fund)

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Amended and Restated Declaration of Trust, as may be amended or restated from time to time, Trust of the Fund disclaiming trustee Trustee and shareholder liability for acts or obligations of the Fund.

Appears in 2 contracts

Samples: Oppenheimer Emerging Technologies Fund, Oppenheimer Senior Floating Rate Fund

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Disclaimer of Shareholder Liability. The General Distributor ----------------------------------------- understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 1 contract

Samples: General Distributor's Agreement (Oppenheimer Portfolio Series)

Disclaimer of Shareholder Liability. The General Distributor ----------------------------------- understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee Director or shareholder 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 Declaration Articles of Trust, as may be amended or restated from time to time, Incorporation of the Fund disclaiming trustee Director and shareholder liability for acts or obligations of the Fund.

Appears in 1 contract

Samples: Security Capital U S Real Estate Shares Inc

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the --------------------------------------- obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 1 contract

Samples: General Distributor's Agreement (Oppenheimer Real Estate Fund)

Disclaimer of Shareholder Liability. The General -------------------------------------- Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee or shareholder 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 Declaration of Trust, as may be amended or restated from time to time, of the Fund disclaiming trustee and shareholder liability for acts or obligations of the Fund.

Appears in 1 contract

Samples: General Distributor's Agreement (Oppenheimer Multi Cap Value Fund)

Disclaimer of Shareholder Liability. The General Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Trustee Director or shareholder 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 Declaration Articles of Trust, as may be amended or restated from time to time, Incorporation of the Fund disclaiming trustee Director and shareholder liability for acts or obligations of the Fund.

Appears in 1 contract

Samples: General Distributor's Agreement (Security Capital Employee Reit Fund Inc)

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