Common use of LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS Clause in Contracts

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. The obligations of the Trust entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the assets of the Trust, and all persons dealing with any series and/or class of Shares of the Trust must look solely to the assets of the Trust belonging to such series and/or class for the enforcement of any claims against the Trust. The execution and delivery of this Agreement have been authorized by the Trustees, and this Agreement has been signed and delivered by an authorized officer of the Trust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust as provided in the Trust’s charter.

Appears in 6 contracts

Samples: Form of Distribution Agreement (Jp Morgan Fleming Series Trust), Form of Distribution Agreement (Jp Morgan Institutional Funds), Form of Distribution Agreement (Jp Morgan Mutual Fund Trust)

AutoNDA by SimpleDocs

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. The obligations of the Trust entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the assets of the Trust, and all persons dealing with any series and/or class of Shares of the Trust must look solely to the assets of the Trust belonging to such series and/or class for the enforcement of any claims against the Trust. The execution and delivery of this Agreement have been authorized by the Trustees, and this Agreement has been signed and delivered by an authorized officer of the Trust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust as provided in the Trust’s Declaration of Trust or charter.

Appears in 5 contracts

Samples: Distribution Agreement (JPMorgan Trust IV), Distribution Agreement (JPMorgan Trust III), Distribution Agreement (One Group Investment Trust)

AutoNDA by SimpleDocs

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. The obligations of the Trust entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the assets of the Trust, and all persons dealing with any series and/or class of Shares of the Trust must look solely to the assets of the Trust belonging to such series and/or class for the enforcement of any claims against the Trust. The execution and delivery of this Agreement have been authorized by the Trustees, and this Agreement has been signed and delivered by an authorized officer of the Trust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust as provided in the Trust’s 's Declaration of Trust or charter.

Appears in 3 contracts

Samples: Distribution Agreement (Jp Morgan Mutual Fund Series), Distribution Agreement (Jp Morgan Series Trust Ii), Distribution Agreement (Jp Morgan Fleming Mutual Fund Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.