Liability of Non-Manager Covered Persons. A Non-Manager Covered Person shall not be personally liable for the return or repayment of all or any portion of the capital or profits of any Shareholder or assignee thereof, it being expressly agreed that any such return of capital or profits made pursuant to this Trust Agreement shall be made solely from the Trust’s assets without any rights of contribution from the Non-Manager Covered Person. A Non-Manager Covered Person shall not be liable for the acts or omissions of any administrator or other delegatee of the Manager.
Appears in 5 contracts
Samples: Trust Agreement (Nuveen Diversified Commodity Fund), Trust Agreement (Nuveen Long/Short Commodity Total Return Fund), Trust Agreement (Nuveen Long/Short Commodity Total Return Fund)
