Common use of Limitation of Liability of the Directors and Shareholders Clause in Contracts

Limitation of Liability of the Directors and Shareholders. A copy of the Articles of Incorporation of the Corporation is on file with State Department of Assessments and Taxation of the State of Maryland, and notice is hereby given that this instrument is executed on behalf of the Directors of the Corporation as Directors and not individually and that the obligations of this instrument are not binding upon any of the Directors or Shareholders individually but are binding only upon the assets and property of the Fund.

Limitation of Liability of the Directors and Shareholders. 17.01 A copy of the Articles of Incorporation of the Corporation is on file with the State Department of Assessments and Taxation of the State of Maryland, and notice is hereby given that this instrument is executed on behalf of the Directors of the Corporation as Directors and not individually and that the obligations of this instrument are not binding upon any of the Directors or the Shareholders individually but are binding only upon the assets and property of the Fund.