Common use of Limit of Duties Clause in Contracts

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfoliothe Fund, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment paid therefor; 2. The legality of the sale of any Securities by any Portfolio the Fund or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by of the Fund; or; 6. The legality of any borrowingborrowing for temporary or emergency administrative purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any PortfolioFund, the legality of the purchase thereof, or the propriety of the amount specified by the Fund Trust or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio Fund or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the FundTrust; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfoliothe Funds, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment paid therefor; 2. The legality of the sale of any Securities by any Portfolio the Funds or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the of any Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any PortfolioFund, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio Fund or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee Company for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; orof any Portfolio; 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfoliothe Fund, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio the Fund or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any SharesUnits, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any SharesUnits, or the propriety of the amount to be paid therefortherefore; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the --------------- Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfoliothe Funds, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment paid therefor; ; 2. The legality of the sale of any Securities by any Portfolio the Funds or the propriety of the amount of consideration for which the same are sold; ; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; ; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; ; 5. The legality of the declaration or payment of any dividend or distribution by the of any Fund; or or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: (1. ) The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; (2. ) The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; (3. ) The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; (4. ) The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; (5. ) The legality of the declaration or payment of any dividend or distribution by the Fund; or (6. ) The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor;, 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee Company for payment therefor; ; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; ; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; ; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; ; 5. The legality of the declaration or payment of any dividend or distribution by the Fundof any Portfolio; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; ; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any PortfolioFund, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio Fund or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the FundTrust; or 6. The legality of any borrowingborrowing by a Fund.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor;; AIT – Lion Global Page 18 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfoliothe Fund, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment paid therefor; 2. The legality of the sale of any Securities by any Portfolio the Fund or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by of the Fund; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee Company for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; of any Portfolio or; 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfoliothe Fund, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment paid therefor; 2. The legality of the sale of any Securities by any Portfolio the Fund or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by of the Fund; or; 6. The legality of any borrowingborrowing for temporary or emergency administrative purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund Trust or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the FundTrust; or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; ; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; ; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; ; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; ; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or or 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any the Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee Company for payment therefor; 2. The legality of the sale of any Securities by any the Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by of the Fund; orPortfolio; 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any Portfolio, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee Trust for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; orof any Portfolio; 6. The legality of any borrowing.

Limit of Duties. Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: 1. The validity of the issue of any Securities purchased by any PortfolioPortfolio reasonably believed to be genuine, the legality of the purchase thereof, or the propriety of the amount specified by the Fund or its designee for payment therefor; 2. The legality of the sale of any Securities by any Portfolio or the propriety of the amount of consideration for which the same are sold; 3. The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; 4. The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 5. The legality of the declaration or payment of any dividend or distribution by the Fund; or 6. The legality of any borrowing.