Common use of Liabilities Belonging to Sub-Trusts Clause in Contracts

Liabilities Belonging to Sub-Trusts. The liabilities belonging to a Sub-Trust shall include all liabilities associated with the assets of that particular Sub-Trust, all expenses and charges attributable to that Sub-Trust and any general liabilities which are not readily identifiable and which the Trustees may allocate in a manner they deem fair and equitable to that Sub-Trust. In addition, the liabilities in respect of a particular class of Shares of a particular Sub-Trust and all expenses, costs, charges and reserves belonging to that class of Shares, and any general liabilities, expenses, costs, charges or reserves of that particular Sub-Trust which are not readily identifiable as belonging to any particular class of Shares of that Sub-Trust shall be allocated and charged by the Trustees to and among any one or more of the classes of Shares of that Sub-Trust established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. Each allocation shall be binding upon the Shareholders of the Trust. Only the assets of a particular Sub-Trust (including any classes thereof) may be used to satisfy a creditor of that Sub-Trust.

Liabilities Belonging to Sub-Trusts. The liabilities belonging to a Sub-Trust shall include all liabilities associated with the assets of that particular Sub-Trust, all expenses and charges attributable to that Sub-Trust and any general liabilities which are not readily identifiable and which the Trustees may allocate in a manner they deem fair and equitable to that Sub-Trust. In addition, the liabilities in respect of a particular class of Shares of a particular Sub-Trust and all expenses, costs, charges and reserves belonging to that class of Shares, and any general liabilities, expenses, costs, charges or reserves of that particular Sub-Trust which are not readily identifiable as belonging to any particular class of Shares of that Sub-Trust shall be allocated and charged by the Trustees to and among any one or more of the classes of Shares of that Sub-Trust established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. Each allocation shall be binding upon the Shareholders of the Trust. Only the assets of a particular Sub-Trust (including any classes thereof) may be used to satisfy a creditor of that Sub-Sub- Trust.

Liabilities Belonging to Sub-Trusts. The liabilities belonging to a Sub-Trust shall include all liabilities associated with the assets of that particular Sub-Trust, all expenses and charges attributable to that Sub-Trust and any general liabilities which are not readily identifiable and which the Trustees may allocate in a manner they deem fair and equitable to that Sub-Trust. In addition, the liabilities in respect of a particular class of Shares of a particular Sub-Trust and all expenses, costs, charges and reserves belonging to that class of Shares, and any general liabilities, expenses, costs, charges or reserves of that particular Sub-Trust which are not readily identifiable as belonging to any particular class of Shares of that Sub-Trust shall be allocated and charged by the Trustees to and among any one or more of the classes of Shares of that Sub-Trust established and designated from time to time in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. Each allocation shall be binding upon the Shareholders shareholders of the Trust. Only the assets of a particular Sub-Trust (including any classes thereof) may be used to satisfy a creditor of that Sub-Trust.