Common use of Disclaimer of Shareholder Liability Clause in Contracts

Disclaimer of Shareholder Liability. The Adviser understands that the obligations of this Agreement are not binding upon any shareholder of the Trust personally, but bind only the Business Trust's property; the Adviser represents that it has notice of the provisions of the Business Trust's Declaration of Trust disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The Adviser understands that the obligations of this Agreement are not binding upon any shareholder of the Trust personally, but bind only the Business Trust's property; the Adviser represents that it has notice of the provisions of the Business Trust's Declaration of Trust disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The Adviser understands that the obligations of the Company under this Agreement are not binding upon any trustee or shareholder of the Trust Company personally, but bind only the Business Trust's Company and the Company’s property; the . The Adviser represents that it has notice of the provisions of the Business Trust's Declaration Company’s declaration of Trust trust (as may be amended and/or restated from time to time) disclaiming shareholder liability for acts or obligations of the TrustCompany.

Disclaimer of Shareholder Liability. The Adviser Advisor understands that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust a Fund personally, but bind only the Business Trust and the Trust's ’s property; the Adviser . The Advisor represents that it has notice of the provisions of the Business Trust's Declaration of Trust of the Trust disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The Adviser understands that the obligations of this Agreement are not binding upon any shareholder of the Trust Fund personally, but bind only the Business Trust's property; the Adviser represents that it has notice of the provisions of the Business Trust's Declaration of Trust disclaiming shareholder liability for acts or obligations of the TrustFund.

Disclaimer of Shareholder Liability. The Adviser Advisor understands that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust a Fund personally, but bind only the Business Trust and the Trust's ’s property; the Adviser . The Advisor represents that it has notice of the provisions of the Business Trust's Declaration Trust Instrument of the Trust disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The Adviser understands that the obligations of this Agreement are not binding upon any shareholder of the Trust personally, but bind only the Business Trust's ’s property; the Adviser represents that it has notice of the provisions of the Business Trust's ’s Declaration of Trust disclaiming shareholder liability for acts or obligations of the Trust.

Disclaimer of Shareholder Liability. The Adviser understands that the obligations of the Trust under this Agreement are not binding upon any Trustee or shareholder of the Trust personally, but bind only the Business Trust and the Trust's ’s property; . Each Fund shall be liable only for its own obligations and shall not be liable for the Adviser represents that it has notice of the provisions of the Business Trust's Declaration of Trust disclaiming shareholder liability for acts or obligations of the Trustany other Fund hereunder.