Common use of Limitation of Liability of the Trust, Trustees, and Shareholders Clause in Contracts

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 shall be personally liable hereunder. It is understood and acknowledged that all persons dealing with the Select Equity Portfolio must look solely to the property of such Select Equity Portfolio for the enforcement of any claims against such Select Equity Portfolio as neither the trustees, officers, agents or shareholders assume any personal liability for obligations entered into on behalf of the Trust or the Select Equity Portfolio. No portfolios of the Trust shall be liable for the obligations of any other portfolios.

Appears in 3 contracts

Samples: Subadvisory Agreement (Scudder Variable Series Ii), Subadvisory Agreement (Scudder Variable Series Ii), Subadvisory Agreement (Scudder Variable Series Ii)

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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 shall be personally liable hereunder. It is understood and acknowledged that all persons dealing with the Select Equity Strategic Income Portfolio must look solely to the property of such Select Equity Strategic Income Portfolio for the enforcement of any claims against such Select Equity Strategic Income Portfolio as neither the trustees, officers, agents or shareholders assume any personal liability for obligations entered into on behalf of the Trust or the Select Equity Strategic Income Portfolio. No portfolios of the Trust shall be liable for the obligations of any other portfolios.

Appears in 1 contract

Samples: Subadvisory Agreement (Scudder Variable Series Ii)

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