Distinction of Funds. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Corporation 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.
Appears in 7 contracts
Samples: Fund Services Agreement (Santa Barbara Group of Mutual Funds Inc), Transfer Agency Service Agreement (Santa Barbara Group of Mutual Funds Inc), Transfer Agency Service Agreement (Santa Barbara Group of Mutual Funds Inc)
Distinction of Funds. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Corporation 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), 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 Corporation 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 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 fund’s operations.
Appears in 2 contracts
Samples: Starboard Investment Trust (Starboard Investment Trust), 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 Corporation are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall -13- 952684.1 be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise.
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