Common use of Liability of the Fund Clause in Contracts

Liability of the Fund. The Platform Manager understands and agrees that the obligations of the Fund under this Agreement are not binding upon any shareholder, or any person serving on the Board, personally, but bind only the Fund and the Fund’s property. The Platform Manager represents that it has notice of the provisions of the Trust Instrument, as amended, disclaiming shareholder and Trustee liability for acts and obligations of the Fund.

Appears in 24 contracts

Samples: Platform Management Agreement (First Trust Enhanced Private Credit Fund), Platform Management Agreement (FT Vest Total Return Income Fund: Series A2), Platform Management Agreement (FT Vest Hedged Equity Income Fund: Series A2)

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Liability of the Fund. The Platform Manager understands and agrees that the obligations of the Fund under this Agreement are not binding upon any shareholder, or any person serving on the Board, personally, but bind only the Fund and the Fund’s property. The Platform Manager represents that it has notice of the provisions of the Trust InstrumentLLC Agreement, as amended, disclaiming shareholder and Trustee Manager liability for acts and obligations of the Fund.

Appears in 5 contracts

Samples: Platform Management Agreement (Destiny Alternative Fund (Tax Exempt) LLC), Platform Management Agreement (Destiny Alternative Fund LLC), Platform Management Agreement (Corbin Multi-Strategy Fund, LLC)

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