Common use of Limitation of Liability of Trust Clause in Contracts

Limitation of Liability of Trust. The term "X. Xxxx Price New America Growth Fund" means and refers to the trustees from time to time serving under the Master Trust Agreement (Declaration of Trust) of the Trust dated July 19, 1985 as the same may subsequently thereto have been, or subsequently hereto be, amended. It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but bind only the trust property of the Trust, as provided in the Declaration of Trust of the Trust. The execution and delivery of this Agreement have been authorized by the trustees and shareholders of the Trust and signed by an authorized officer of the Trust, acting as such, and neither such authorization by such trustees and shareholders nor such execution and delivery by such officer shall be deemed to have been made by any of them but shall bind only the trust property of the Trust as provided in its Declaration of Trust.

Limitation of Liability of Trust. The term "X. Xxxx Price New America Growth Equity Income Fund" ---------- -- --------- -- ----- means and refers to the trustees from time to time serving under the Master Trust Agreement (Declaration of Trust) of the Trust dated July 19August 26, 1985 as the same may subsequently thereto have been, or subsequently hereto be, amended. It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but bind only the trust property of the Trust, as provided in the Declaration of Trust of the Trust. The execution and delivery of this Agreement have been authorized by the trustees and shareholders shareholder of the Trust and signed by an authorized officer of the Trust, acting as such, and neither such authorization by such trustees and shareholders shareholder nor such execution and delivery by such officer shall be deemed to have been made by any of them but shall bind only the trust property of the Trust as provided in its Declaration of Trust.

Limitation of Liability of Trust. The term "X. Xxxx Price New America Growth Equity Income Fund" means and refers to the trustees from time to time serving under the Master Trust Agreement (Declaration of Trust) of the Trust dated July 19August 26, 1985 as the same may subsequently thereto have been, or subsequently hereto be, amended. It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but bind only the trust property of the Trust, as provided in the Declaration of Trust of the Trust. The execution and delivery of this Agreement have been authorized by the trustees and shareholders shareholder of the Trust and signed by an authorized officer of the Trust, acting as such, and neither such authorization by such trustees and shareholders shareholder nor such execution and delivery by such officer shall be deemed to have been made by any of them but shall bind only the trust property of the Trust as provided in its Declaration of Trust.

Limitation of Liability of Trust. The term "X. T. Rowe Price State Tax-Xxxx Price New America Growth FundXncome Trust" means and refers to the trustees from time to time serving under the Master Trust Agreement (Declaration of Trust) of the Trust dated July 19June 13, 1985 1986, as the same may subsequently thereto have been, or subsequently hereto be, amended. It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but bind only the trust property of the Trust, as provided in the Declaration of Trust of the Trust. The execution and delivery of this Agreement have been authorized by the trustees and shareholders of the Trust and signed by an authorized officer of the Trust, acting as such, and neither such authorization by such trustees and shareholders nor such execution and delivery by such officer shall be deemed to have been made by any of them but shall bind only the trust property of the Trust as provided in its Declaration of Trust.