Common use of Limitation of Fiduciary Responsibility Clause in Contracts

Limitation of Fiduciary Responsibility. The Commissioners shall not, nor shall the Participants or any officer, registrar or other agent of the Commission, be bound to see to the execution of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Shares or any interest therein are subject, or to ascertain or inquire whether any withdrawal of funds by any Participant or its representatives is authorized by such trust, charge, pledge or equity, or to recognize any Person as having any interest therein except the Participant recorded as the Participant to which such Shares are allocated. The receipt of the Participant in whose name any Share is recorded or of the duly authorized agent of such Participant shall be a sufficient discharge for all moneys payable or deliverable in respect of such Shares and from all liability to see to the proper application thereof.

Limitation of Fiduciary Responsibility. The Commissioners Trustees shall not, nor shall the Participants or any officer, registrar or other agent of the CommissionTrust, be bound to see to the execution of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Shares or any interest therein are subject, or to ascertain or inquire whether any withdrawal redemption of funds any such Shares by any Participant or its representatives is authorized by such trust, charge, pledge or equity, or to recognize any Person person as having any interest therein except the Participant recorded as the Participant to which such Shares are allocated. The receipt of the Participant in whose name any Share is recorded or of the duly authorized agent of such Participant shall be a sufficient discharge for all moneys payable or deliverable in respect of such Shares and from all liability to see to the proper application thereof.

Limitation of Fiduciary Responsibility. The Commissioners Trustees shall not, nor shall the Participants or any officer, registrar or other agent of the CommissionTrust, be bound to see to the execution of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Shares Units or any interest therein are subject, or to ascertain or inquire whether any withdrawal of funds by any Participant or its representatives is authorized by such trust, charge, pledge or equity, or to recognize any Person as having any interest therein except the Participant recorded as the Participant to which such Shares Units are allocated. The receipt of the Participant in whose name any Share Unit is recorded or of the duly authorized agent of such Participant shall be a sufficient discharge for all moneys monies payable or deliverable in respect of such Shares Units and from all liability to see to the proper application thereof.

Limitation of Fiduciary Responsibility. The Commissioners Trustees shall not, nor shall the Participants or any officer, registrar transfer agent or other agent of the CommissionTrust, be bound to see to the execution of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Shares or any interest therein thereof are subject, or to ascertain or inquire whether any withdrawal redemption of funds any such Shares by any Participant or its representatives is authorized by such trust, charge, pledge or equity, or to recognize any Person as having any interest therein except the Participant recorded as the Participant to which holder of such Shares are allocatedShares. The receipt of the Participant in whose name any Share is recorded or of the duly authorized agent of such Participant shall be a sufficient discharge for all moneys monies payable or deliverable in respect of such Shares and from all liability to see to the proper application thereof.

Limitation of Fiduciary Responsibility. The Commissioners Trustees shall not, nor shall the Participants or any officer, registrar or other agent of the CommissionFund, be bound to see to the execution of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Shares or any interest therein are subject, or to ascertain or inquire whether any withdrawal redemption of funds any such Shares by any Participant or its representatives is authorized by such trust, charge, pledge or equity, or to recognize any Person as having any interest therein except the Participant recorded as the Participant to which such Shares are allocated. The receipt of the Participant in whose name any Share is recorded or of the duly authorized agent of such Participant shall be a sufficient discharge for all moneys monies payable or deliverable in respect of such Shares and from all liability to see to the proper application thereof.

Limitation of Fiduciary Responsibility. The Commissioners Trustees shall not, nor shall the Participants or any officer, registrar or other agent of the CommissionTrust, be bound to see to the execution of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Shares Units or any interest therein are subject, or to ascertain or inquire whether any withdrawal of funds by any Participant or its representatives is authorized by such trust, charge, pledge or equity, or to recognize any Person as having any interest therein except the Participant recorded as the Participant to which such Shares Units are allocated. The receipt of the Participant in whose name any Share Unit is recorded or of the duly authorized agent of such Participant shall be a sufficient discharge for all moneys payable or deliverable in respect of such Shares Units and from all liability to see to the proper application thereof.

Limitation of Fiduciary Responsibility. The Commissioners To the fullest extent permitted by Applicable Law, the Directors shall not, nor shall the Participants or any officer, registrar or other agent of the CommissionProgram or the Board of Directors, be bound to see to the execution of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Shares or any interest therein are subject, or to ascertain or inquire whether any withdrawal redemption of funds Shares or other by any Participant or its representatives is authorized by such trust, charge, pledge or equity, or to recognize any Person as having any interest therein except the Participant recorded as the Participant to which such Shares are allocated. The receipt of the Participant in whose name any Share is recorded or of the duly authorized agent of such Participant shall be a sufficient discharge for all moneys payable or deliverable in respect of such Shares and from all liability to see to the proper application thereof.