Common use of Liabilities Held with Respect to a Particular Series Clause in Contracts

Liabilities Held with Respect to a Particular Series. The assets of the Trust held with respect to each particular Series shall be charged against the liabilities of the Trust held with respect to that Series and all expenses, costs, charges and reserves attributable to that Series. Any general liabilities of the Trust which are not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees to and among any one or more of the Series in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "liabilities held with respect to" that Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the holders of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust generally or against the assets held with respect to any other Series. Notice of this contractual limitation on the liability of each Series shall be set forth in the Certificate of Trust or in an amendment thereto prior to the issuance of any Shares of a Series.

Liabilities Held with Respect to a Particular Series. The assets All liabilities of the Trust Fund held with respect to each a particular Series shall be charged against the liabilities of the Trust held with respect to that Series and all expenses, costs, charges and reserves attributable to that Series shall be charged against the assets held with respect to that Series. Any general liabilities of the Trust which Fund that are not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees Managers to and among any one or more of the Series in such manner and on such basis as the Trustees in their sole discretion Managers deem fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "“liabilities held with respect to" ” that Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees Managers shall be conclusive and binding upon the holders Members of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust Fund generally or against the assets held with respect to any other Series and, except as otherwise provided in this Operating Agreement with respect to the allocation of General Assets, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund generally or any other Series thereof shall be enforceable against the assets of such Series. Notice of this contractual limitation on the liability of each inter-Series liabilities shall be set forth in the Certificate of Trust or in an amendment thereto prior thereto. The records maintained for each Series shall account for the assets held with respect to such Series separately from the issuance assets of any Shares other Series and from the General Assets of a the Fund not allocated to such Series.

Liabilities Held with Respect to a Particular Series. The assets All liabilities of the Trust Fund held with respect to each a particular Series shall be charged against the liabilities of the Trust held with respect to that Series and all expenses, costs, charges and reserves attributable to that Series shall be charged against the assets held with respect to that Series. Any general liabilities of the Trust which Fund that are not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees Managers to and among any one or more of the Series in such manner and on such basis as the Trustees in their sole discretion Managers deem fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "liabilities held with respect to" that Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees Managers shall be conclusive and binding upon the holders Members of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust Fund generally or against the assets held with respect to any other Series and, except as otherwise provided in this Operating Agreement with respect to the allocation of General Assets, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund generally or any other Series thereof shall be enforceable against the assets of such Series. Notice of this contractual limitation on the liability of each inter-Series liabilities shall be set forth in the Certificate of Trust or in an amendment thereto prior thereto. The records maintained for each Series shall account for the assets held with respect to such Series separately from the issuance assets of any Shares other Series and from the General Assets of a the Fund not allocated to such Series.

Liabilities Held with Respect to a Particular Series. The assets of the Trust Company held with respect to each particular Series shall be charged against the liabilities of the Trust Company held with respect to that Series and all expenses, costs, charges and reserves attributable to that Series. Any general liabilities of the Trust Company which are not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees Directors to and among any one or more of the Series in such manner and on such basis as the Trustees Directors in their sole discretion deem deems fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "“liabilities held with respect to" ” that Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees Directors shall be conclusive and binding upon the holders of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust Company generally or against the assets held with respect to any other Series and, except as otherwise provided in this Agreement, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Company generally or any other Series thereof shall be enforceable against the assets of such Series. Notice of this contractual limitation on the liability of each Series shall be set forth in the Certificate of Trust Formation or in an amendment thereto prior to the issuance of any Shares of a Series.

Liabilities Held with Respect to a Particular Series. The assets of the Trust held with respect to each particular Series shall be charged against the liabilities of the Trust held with respect to that Series and all expenses, costs, charges and reserves attributable to that Series. Any general liabilities of the Trust which are not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees to and among any one or more of the Series in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "liabilities held with respect to" that Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the holders of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust generally or against the assets held with respect to any other Series. Notice Series and, except as otherwise provided in this Declaration of this contractual limitation on Trust, none of the liability of each debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Trust generally or any other Series thereof shall be set forth in enforceable against the Certificate assets of Trust or in an amendment thereto prior to the issuance of any Shares of a such Series.

Liabilities Held with Respect to a Particular Series. The assets of the Trust held with respect to each particular Series shall be charged against the liabilities of the Trust held with respect to that Series and all expenses, costs, charges charges, and reserves attributable to that Series. Any general liabilities of the Trust which are arc not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees to and among any one or more of the Series in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "liabilities held with respect to" that Series. Each allocation of liabilities, expenses, costs, charges charges, and reserves by the Trustees shall be conclusive and binding upon the holders of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust generally or against the assets held with respect to any other Series. Notice of this contractual limitation on the liability of each Series shall be set forth in the Certificate of Trust or in an amendment thereto prior to the issuance of any Shares of a Series.

Liabilities Held with Respect to a Particular Series. The assets of the Trust Company held with respect to each particular Series shall be charged against the liabilities of the Trust Company held with respect to that Series and all expenses, costs, charges and reserves attributable to that Series. Any general liabilities of the Trust Company which are not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees Directors to and among any one or more of the Series in such manner and on such basis as the Trustees Directors in their sole discretion deem fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "liabilities held with respect to" that Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees Directors shall be conclusive and binding upon the holders of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust Company generally or against the assets held with respect to any other Series and, except as otherwise provided in this Agreement, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Company generally or any other Series thereof shall be enforceable against the assets of such Series. Notice of this contractual limitation on the liability of each Series shall be set forth in the Certificate of Trust Formation or in an amendment thereto prior to the issuance of any Shares of a Series.

Liabilities Held with Respect to a Particular Series. The assets of the Trust Company held with respect to each particular Series shall be charged against the liabilities of the Trust Company held with respect to that Series and all expenses, costs, charges and reserves attributable to that Series. Any general liabilities of the Trust Company which are not readily identifiable as being held with respect to any particular Series shall be allocated and charged by the Trustees Directors to and among any one or more of the Series in such manner and on such basis as the Trustees Directors in their sole discretion deem fair and equitable. All liabilities, expenses, costs, charges, and reserves so charged to a Series are herein referred to as "“liabilities held with respect to" ” that Series. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees Directors shall be conclusive and binding upon the holders of all Series for all purposes. All liabilities held with respect to a particular Series shall be enforceable against the assets held with respect to such Series only and not against the assets of the Trust Company generally or against the assets held with respect to any other Series and, except as otherwise provided in this Agreement, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Company generally or any other Series thereof shall be enforceable against the assets of such Series. Notice of this contractual limitation on the liability of each Series shall be set forth in the Certificate of Trust Formation or in an amendment thereto prior to the issuance of any Shares of a Series.