Common use of Limitation of Obligations of the Funds Clause in Contracts

Limitation of Obligations of the Funds. The obligations of each -------------------------------------- Fund hereunder shall be limited to the assets of that Fund, shall be separate from the obligations of each other series of the Corporation, and no Fund shall be liable for the obligations of any other series of the Corporation.

Appears in 5 contracts

Samples: Shares Distribution Agreement (Mercury Life Strategy Fund Inc), Shares Distribution Agreement (Mercury Life Strategy Fund Inc), Distribution Agreement (Mercury Life Strategy Fund Inc)

AutoNDA by SimpleDocs

Limitation of Obligations of the Funds. The obligations of -------------------------------------- each -------------------------------------- Fund hereunder shall be limited to the assets of that Fund, shall be separate from the obligations of each other series of the Corporation, and no Fund shall be liable for the obligations of any other series of the Corporation.

Appears in 5 contracts

Samples: Shares Distribution Agreement (Mercury Quantitative Series Fund Inc), Distribution Agreement (Mercury Quantitative Series Fund Inc), Distribution Agreement (Mercury Quantitative Series Fund Inc)

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