Common use of Fund Liability Clause in Contracts

Fund Liability. The Warranty Provider agrees that it shall look only to the assets of the Fund, and not the assets of any other series of the Trust, for payment of any fees, expenses or other liabilities or obligations owed by the Fund to the Warranty Provider under the Transaction Documents. The Warranty Provider understands that the Transaction Documents are executed on behalf of the Fund by authorized officers of the Trust acting in such capacity and not individually, and the obligations of the Fund under the Transaction Documents are not binding upon any of the Trustees, officers, agents, or shareholders of the Fund, but are binding only upon the assets and property of the Fund.