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 7 contracts

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

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

Appears in 5 contracts

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

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