Common use of Limitation of Liability for Claims Clause in Contracts

Limitation of Liability for Claims. The Distributor is hereby expressly put on notice of the limitation of liability as set forth in the Declaration and agrees that the obligations assumed by the Trust on behalf of each Series pursuant to this Agreement shall be limited in all cases to each applicable Series and their assets, and the Distributor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of any Series or any other Series of the Trust, or from any trustee, officer, employee or agent of the Trust. The Distributor understands that the rights and obligations of each Series under the Declaration are separate and distinct from those of any and all other Series.