Common use of Liability of Trustees and Shareholders Clause in Contracts

Liability of Trustees and Shareholders. Any obligations of the Fund under this Agreement are not binding upon the Trustees or the Shareholders individually but are binding only upon the assets and property of the Fund.

Appears in 13 contracts

Sources: Subadvisory Agreement (Eagle Series Trust), Subadvisory Agreement (Eagle Cash Trust), Subadvisory Agreement (Heritage Growth & Income Trust)

Liability of Trustees and Shareholders. Any obligations of the Fund under this Agreement are not binding upon the Trustees or the Shareholders individually shareholders individually, but are binding only upon the assets and property of the Fund.

Appears in 7 contracts

Sources: Subadvisory Agreement (Direxion Shares ETF Trust), Subadvisory Agreement (Direxion Funds), Subadvisory Agreement (Direxion Funds)

Liability of Trustees and Shareholders. Any obligations of the Fund under this Agreement are not binding upon the Trustees or the Shareholders shareholders individually but are binding only upon the assets and property of the Fund.

Appears in 5 contracts

Sources: Subadvisory Agreement (Potomac Insurance Trust), Subadvisory Agreement (Potomac Funds), Subadvisory Agreement (Potomac Funds)