Common use of Distinction of Funds Clause in Contracts

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. Furthermore, GFS expressly covenants and agrees that it shall not co-mingle the Trust’s or any Fund’s monies with those of other clients of GFS.