Fund Liability. Any other provision to the contrary notwithstanding, any liability of the Trust under this Agreement or in connection with the transactions contemplated herein shall be discharged only out of the assets of the Fund. This Agreement has been and any other agreement or instrument executed and delivered in connection herewith shall have been, executed by an officer of the Trust acting under the Declaration of Trust, and the obligations of the Trust under this Agreement or any other such agreement or instrument are not binding upon any of the Trustees, officers or Shareholders personally.
Appears in 5 contracts
Samples: Financial Guarantee Agreement (Merrill Lynch Principal Protected Trust), Financial Guarantee Agreement (Smith Barney Trust Ii), Financial Guarantee Agreement (Smith Barney Trust Ii)
