FIFTEENTH. Notice is hereby given that, as provided by applicable law, the obligations of or arising out of this Agreement are not binding upon any of the shareholders of the Company individually, but are binding only upon the assets and property of the Company and that the shareholders shall be entitled, to the fullest extent permitted by applicable law, to the same limitation on personal liability as stockholders of private corporations for profit.
Appears in 32 contracts
Samples: Master Distribution Agreement (Aim Investment Securities Funds), Master Distribution Agreement (Aim Investment Securities Funds), Master Distribution Agreement (Aim Special Opportunities Funds)
FIFTEENTH. Notice is hereby given that, as provided by applicable law, the obligations of or arising out of this Agreement are not binding upon any of the shareholders of the Company Trust individually, but are binding only upon the assets and property of the Company Trust and that the shareholders shall be entitled, to the fullest extent permitted by applicable law, to the same limitation on personal liability as stockholders of private corporations for profit.
Appears in 11 contracts
Samples: Distribution Agreement (Equitable Trust/Ny/), Distribution Agreement (Equitable Premier Funds Trust), Distribution Agreement (Equitable Premier Funds Trust)
FIFTEENTH. Notice is hereby given that, as provided by applicable law, the obligations of or arising out of this Agreement are not binding upon any of the shareholders of the Company Fund or any Portfolio individually, but are binding only upon the assets and property of the Company Fund or such Portfolio and that the shareholders shall be entitled, to the fullest extent permitted by applicable law, to the same limitation on personal liability as stockholders of private corporations for profit.
Appears in 9 contracts
Samples: Master Distribution Agreement (Aim Sector Funds), Master Distribution Agreement (Aim Special Opportunities Funds), Master Distribution Agreement (Aim Counselor Series Trust)
FIFTEENTH. Notice is hereby given that, as provided by applicable law, the obligations of or arising out of this Amended and Restated Agreement are not binding upon any of the shareholders of the Company Trust individually, but are binding only upon the assets and property of the Company Trust and that the shareholders shall be entitled, to the fullest extent permitted by applicable law, to the same limitation on personal liability as stockholders of private corporations for profit.
Appears in 4 contracts
Samples: Distribution Agreement (Axa Premier Funds Trust), Distribution Agreement (AXA Enterprise Multimanager Funds Trust), Distribution Agreement (Axa Premier Funds Trust)
FIFTEENTH. Notice is hereby given that, as provided by applicable law, the obligations of or arising out of this Agreement are not binding upon any of the shareholders of the Company Corporation individually, but are binding only upon the assets and property of the Company Corporation and that the shareholders shall be entitled, to the fullest extent permitted by applicable law, to the same limitation on personal liability as stockholders of private corporations for profit.
Appears in 2 contracts
Samples: Distribution Agreement (787 Fund, Inc.), Distribution Agreement (787 Fund, Inc.)
