Limitation of Personal Liability. The parties to this Agreement acknowledge and agree that all liabilities of the Trust arising, directly or indirectly, under this Agreement, of any and every nature whatsoever, shall be satisfied solely out of the assets of the Trust and that no Trustee, officer or holder of shares of beneficial interest of the Trust shall be personally liable for any of such liabilities.
Appears in 11 contracts
Samples: Transfer Agency Agreement (Clayton Street Trust), Transfer Agency Agreement (Janus Aspen Series), Transfer Agency Agreement (Janus Adviser Series)
Limitation of Personal Liability. The All the parties to this Agreement hereto acknowledge and agree that all liabilities of the Trust arising, directly or indirectly, under this Agreement, of any and every nature whatsoever, shall be satisfied solely out of the assets of the Trust and that no Trustee, officer or holder of shares of beneficial interest of the Trust shall be personally liable for any of such the foregoing liabilities. The Trust Instrument describes in detail the respective responsibilities and limitations on liability of the Trustees, officers and holders of shares of beneficial interest of the Trust.
Appears in 3 contracts
Samples: Administrative Services Agreement (Janus Adviser Series), Administrative Services Agreement (Janus Adviser), Administrative Services Agreement (Janus Adviser Series)
Limitation of Personal Liability. The All the parties to this Agreement hereto acknowledge and agree that all liabilities of the Trust arising, directly or indirectly, under this Agreement, of any and every nature whatsoever, shall be satisfied solely out of the assets of the Trust Portfolio and that no Trustee, officer or holder of shares of beneficial interest of the Trust shall be personally liable for any of such the foregoing liabilities. The Trust Instrument describes in detail the respective responsibilities and limitations on liability of the Trustees, officers and holders of shares of beneficial interest of the Trust.
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