Common use of LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY Clause in Contracts

LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Trustees of the Trust and the shareholders of each Fund shall not be liable for any obligations of the Trust or of the Funds under this Agreement, and GFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Fund (or Funds) to which GFS’ rights or claims relate in settlement of such rights or claims, and not to the Trustees of the Trust or the shareholders of the Funds. The term the “

Appears in 15 contracts

Samples: Administration Service Agreement (Northern Lights Variable Trust), Service Agreement (Northern Lights Fund Trust), Service Agreement (Northern Lights Fund Trust)

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LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Trustees of the Trust and the shareholders of each Fund shall not be liable for any obligations of the Trust or of the Funds under this Agreement, and GFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Fund (or Funds) to which GFS’s rights or claims relate in settlement of such rights or claims, and not to the Trustees of the Trust or the shareholders of the Funds. The term the

Appears in 15 contracts

Samples: Service Agreement (YieldQuest Funds Trust), Transfer Agency Service Agreement (YieldQuest Funds Trust), Service Agreement (YieldQuest Funds Trust)

LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Trustees of the Trust and the shareholders of each Fund shall not be liable for any obligations of the Trust or of the Funds under this Agreement, and GFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Fund (or Funds) to which GFS’ rights or claims relate in settlement of such rights or claims, and not to the Trustees of the Trust or the shareholders of the Funds. The term the

Appears in 5 contracts

Samples: Service Agreement (XTF Investors Trust), Administration Service Agreement (XTF Advisors Trust), Service Agreement (Ralph Parks Portfolios Trust)

LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Trustees trustees of the Trust and the shareholders of each Fund shall not be liable for any obligations of the Trust or of the Funds under this Agreement, and GFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Trust or the Fund (or Funds) to which GFS's rights or claims relate in settlement of such rights or claims, and not to the Trustees trustees of the Trust or the shareholders of the Funds. The term the “.

Appears in 4 contracts

Samples: Services Agreement (North Country Funds), Services Agreement (North Country Funds), Transfer Agency Service Agreement (North Country Funds)

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LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY. The Trustees of the Trust Board and the shareholders of each the Fund shall not be liable for any obligations of the Trust or of the Funds Fund under this Agreement, and GFS agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Fund (or Funds) to which GFS’s rights or claims relate in settlement of such rights or claims, and not to the Trustees of the Trust Board or the shareholders of the FundsFund. The term It is expressly agreed that the obligations of the Fund hereunder shall not be binding upon any of the trustees, shareholders, nominees, officers, agents or employees of the Fund personally, but bind only the property of the Fund, as provided in the Fund’s Organizational Documents.

Appears in 1 contract

Samples: Fund Services Agreement (Crow Point Global Dividend Plus Fund)

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