Limitation of Liability of the Trust, Trustees, and Shareholders. It is understood and expressly stipulated that none of the trustees, officers, agents, or shareholders of the Trust or any Fund shall be personally liable hereunder. It is understood and acknowledged that all persons dealing with the Trust or any Fund must look solely to the property of such Fund for the enforcement of any claims against such Fund as neither the trustees, directors, officers, agents or shareholders assume any personal liability for obligations entered into on behalf of any Fund. No Fund shall be liable for the obligations or liabilities of any other Fund.
Appears in 3 contracts
Samples: Administrative Service Agreement (American General Series Portfolio Co 3), Shareholder Services Agreement (North American Funds Variable Product Series Ii), Administrative Service Agreement (American General Series Portfolio Co 3)
Limitation of Liability of the Trust, Trustees, and Shareholders. It is understood and expressly stipulated that none of the trustees, officers, agents, or shareholders of the Trust or any Fund shall be personally liable hereunder. It is understood and acknowledged that all persons dealing with the Trust or any Fund must look solely to the property of such Fund for the enforcement of any claims against such the Fund as neither the trustees, directors, officers, agents or shareholders assume any personal liability for obligations entered into on behalf of any Fund. No Fund shall be liable for the obligations or liabilities of any other Fund.
Appears in 2 contracts
Samples: Administrative Services Agreement (American General Series Portfolio Co 2), Administrative Services Agreement (American General Series Portfolio Co 2)
