Fund by Fund Basis. This Agreement is executed by each Company with respect to each of their respective Funds and the obligations hereunder are not binding upon any of the trustees, officers or shareholders of a Fund individually. Notwithstanding any other provision in this Agreement to the contrary, each and every obligation, liability or undertaking of a particular Fund under this Agreement shall constitute solely an obligation, liability or undertaking of, and be binding upon, such particular Fund and shall be payable solely from the available assets of such particular Fund and shall not be binding upon or affect any assets of any other Fund.
Appears in 4 contracts
Samples: Custody Agreement (Franklin Templeton Variable Insurance Products Trust), Custody Agreement (Franklin Strategic Series), Custody Agreement (Franklin LTD Duration Income Trust)
Fund by Fund Basis. This Agreement is executed by each Company the Client with respect to each of their respective its Funds and the obligations hereunder are not binding upon any of the trustees, officers or shareholders of a Fund individually. Notwithstanding any other provision in this Agreement to the contrary, each and every obligation, liability or undertaking of a particular Fund under this Agreement shall constitute solely an obligation, liability or undertaking of, and be binding upon, such particular Fund and shall be payable solely from the available assets of such particular Fund and shall not be binding upon or affect any assets of any other Fund.
Appears in 3 contracts
Samples: Services Agreement (Nushares ETF Trust), Services Agreement (Dimensional ETF Trust), Services Agreement (Dimensional ETF Trust)
