Common use of Limit of Duties Clause in Contracts

Limit of Duties. Without limiting the generality of the foregoing, the Bank shall be under no duty or obligation to inquire into, and shall not be liable for: 10.2.1 The validity of the issue of any Securities purchased by any Series, the legality of the purchase thereof, the permissibility of the purchase thereof under the Fund's governing documents, or the propriety of the amount paid therefor; 10.2.2 The legality of the sale of any Securities by any Series, the permissibility of such sale under the fund's governing documents, or the propriety of the amount for which the same are sold; 10.2.3 The legality of the issue or the sale of any Shares, or the sufficiency of the amount to be received therefor; 10.2.4 The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 10.2.5 The legality of the declaration or payment of any dividend or other distribution of any Series; 10.2.6 The legality of any borrowing for temporary or emergency administrative purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Bank shall be under no duty or obligation to inquire into, and shall not be liable for: 10.2.1 The validity of the issue of any Securities purchased by any Series, the legality of the purchase thereof, the permissibility of the purchase thereof under the FundTrust's governing documents, or the propriety of the amount paid therefor; 10.2.2 The legality of the sale of any Securities by any Series, the permissibility of such sale under the fundTrust's governing documents, or the propriety of the amount for which the same are sold; 10.2.3 The legality of the issue or the sale of any Shares, or the sufficiency of the amount to be received therefor; 10.2.4 The legality of the redemption of any Shares, or the propriety sufficiency of the amount to be paid therefor; 10.2.5 The legality of the declaration or payment of any dividend or other distribution of any Series; 10.2.6 The legality of any borrowing for temporary or emergency administrative purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Bank shall be under no duty or obligation to inquire into, and shall not be liable for: 10.2.1 The validity of the issue of any Securities purchased by any Series, the legality of the purchase thereof, the permissibility of the purchase thereof under the FundTrust's governing documents, or the propriety of the amount paid therefor; 10.2.2 The legality of the sale of any Securities by any Series, the permissibility of such sale under the fundTrust's governing documents, or the propriety of the amount for which the same are sold; 10.2.3 The legality of the issue or the sale of any Shares, or the sufficiency of the amount to be received therefor; 10.2.4 The legality of the redemption of any SharesShares , or the propriety sufficiency of the amount to be paid therefor; 10.2.5 The legality of the declaration or payment of any dividend or other distribution of any Series; 10.2.6 The legality of any borrowing for temporary or emergency administrative purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Bank shall be under no duty or obligation to inquire into, and shall not be liable for: 10.2.1 The validity of the issue of any Securities purchased by any Series, the legality of the purchase thereof, the permissibility of the purchase thereof under the FundCompany's governing documents, or the propriety of the amount paid therefor; 10.2.2 The legality of the sale of any Securities by any Series, the permissibility of such sale under the fundCompany's governing documents, or the propriety of the amount for which the same are sold; 10.2.3 The legality of the issue or the sale of any Shares, or the sufficiency of the amount to be received therefor; 10.2.4 The legality of the redemption of any Shares, or the propriety sufficiency of the amount to be paid therefor; 10.2.5 The legality of the declaration or payment of any dividend or other distribution of any Series; 10.2.6 The legality of any borrowing for temporary or emergency administrative purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Bank shall be under no duty or obligation to inquire into, and shall not be liable for: 10.2.1 The validity of the issue of any Securities purchased by any Series, the legality of the purchase thereof, the permissibility of the purchase thereof under the FundTrust's governing documents, or the propriety of the amount paid therefor; 10.2.2 The legality of the sale of any Securities by any Series, the permissibility of such sale under the fundTrust's governing documents, or the propriety of the amount for which the same are sold; 10.2.3 The legality of the issue or the sale of any Shares, or the sufficiency of the amount to be received therefor; 10.2.4 The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 10.2.5 The legality of the declaration or payment of any dividend or other distribution of any Series; 10.2.6 The legality of any borrowing for temporary or emergency administrative purposes.

Limit of Duties. Without limiting the generality of the foregoing, the Bank shall be under no duty or obligation to inquire into, and shall not be liable for: 10.2.1 The validity of the issue of any Securities purchased by any Series, the legality of the purchase thereof, the permissibility of the purchase thereof under the Fund's governing documents, or the propriety of the amount paid therefor; 10.2.2 The legality of the sale of any Securities by any Series, the permissibility of such sale under the fund's governing documents, or the propriety of the amount for which the same are sold; 10.2.3 The legality of the issue or the sale of any Shares, or the sufficiency of the amount to be received therefor; 10.2.4 The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; 10.2.5 The legality of the declaration or payment of any dividend or other distribution of any Series; 10.2.6 The legality of any borrowing for temporary or emergency administrative purposes.