Distinction of Funds. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise. In cases where there are multiple funds managed by the same Investment Advisor, every attempt will be made to allocate expenses among the funds in a manner that represents the division of expense required for each Fund’s operations.
Appears in 4 contracts
Samples: Service Agreement (Spinnaker ETF Series), Fund Accounting and Administration Service Agreement (Spinnaker ETF Series), Fund Accounting and Administration Service Agreement (Volt ETF Trust)
Distinction of Funds. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise. In cases where there are multiple funds managed by the same Investment Advisor, every attempt will be made to allocate expenses among the funds in a manner that represents the division of expense required for each Fundfund’s operations.
Appears in 2 contracts
Samples: Fund Accounting and Administration Service Agreement (Amplify ETF Trust), Fund Accounting and Administration Service Agreement (Spinnaker ETF Series)
Distinction of Funds. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise. In cases where there are multiple funds fund managed by the same Investment Advisor, every attempt will be made to allocate expenses among the funds in a manner that represents the division of expense required for each Fundfund’s operations.
Appears in 2 contracts
Samples: Fund Accounting and Administration Service Agreement (Starboard Investment Trust), Fund Accounting and Administration Service Agreement (Starboard Investment Trust)
Distinction of Funds. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise. In cases where there are multiple funds managed by the same Investment AdvisorSponsor or commodity pool operator, every attempt will be made to allocate expenses among the funds in a manner that represents the division of expense required for each Fundfund’s operations.
Appears in 1 contract
Samples: Accounting and Administration Service Agreement (Dynamic Shares Trust)
Distinction of Funds. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise. In cases where there are multiple funds managed by the same Investment Advisorinvestment advisor, every attempt will be made to allocate expenses among the funds in a manner that represents the division of expense required for each Fundfund’s operations.
Appears in 1 contract
Samples: Fund Accounting and Administration Service Agreement (Modern Capital Funds Trust)
