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 the Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2. The legality of the sale of any Securities by the Fund or the propriety of the amount 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 therefore; 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 distribution of the Fund; or 6. The legality of any borrowing 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 the Fundany Series, the legality of the purchase thereof, or the propriety of the amount paid therefor; (2. ) The legality of the sale of any Securities by the Fund any Series, or the propriety of the amount 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 thereforetherefor; (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 other distribution of the Fund; orany Series; (6. ) The legality of any borrowing for temporary or emergency administrative or other 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 the FundTrust, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2. The legality of the sale of any Securities by the Fund Trust, or the propriety of the amount 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 thereforetherefor; 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 other distribution of the FundTrust; orand 6. The legality of any borrowing 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 the Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2. The legality of the sale of any Securities by the Fund or the propriety of the amount 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 thereforetherefor; 4. The legality of the redemption repurchase 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 other distribution of the Fund; or 6. The legality of any borrowing for temporary or emergency administrative purposes.