LIMITATION OF SHAREHOLDER LIABILITY Sample Clauses

LIMITATION OF SHAREHOLDER LIABILITY. 9.01 Notice is hereby given that this Agreement is being executed by the Fund by a duly authorized officer thereof acting as such and not individually. The obligations of this Agreement are not binding upon any of the trustees, officers, shareholders or the investment advisor of the Fund individually but are binding only upon the assets and property belonging to the Fund, on its own behalf or on behalf of a Portfolio, for the benefit of which the trustees or directors have caused this Agreement to be executed.
AutoNDA by SimpleDocs
LIMITATION OF SHAREHOLDER LIABILITY. It is expressly agreed that the obligations of the Company hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Company personally, but shall only bind the assets and property of the Funds, as provided in the Company's Agreement and Declaration of Trust. The execution and delivery of this Contract have been authorized by the Trustees of the Company and shareholders of the Funds, and this Contract has been executed and delivered by an authorized officer of the Company acting as such; 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 individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Funds, as provided in the Company's Agreement and Declaration of Trust.
LIMITATION OF SHAREHOLDER LIABILITY. Neither the Directors of the Corporation, the officers of the Corporation, nor the shareholders of each Fund shall be liable for any obligations of the Corporation or of the Funds under this Agreement, and Strong agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Corporation or the Fund to which Strong's rights or claims relate in settlement of such rights or claims, and not to the Directors of the Corporation, the officers of the Corporation or the shareholders of the Funds.
LIMITATION OF SHAREHOLDER LIABILITY. 8 ARTICLE 10 ASSIGNMENT..................................................... 9 ARTICLE 11 AMENDMENT...................................................... 9
LIMITATION OF SHAREHOLDER LIABILITY. Shareholders shall be entitled to the same limited liability extended to Shareholders of private Delaware for profit corporations formed under the DGCL. No Shareholder shall be liable for any debt, claim, demand, judgment or obligation of any kind of, against or with respect to the Company by reason of being a Shareholder, nor shall any Shareholder be subject to any personal liability whatsoever, in tort, contract or otherwise, to any Person in connection with the Company’s assets or the affairs of the Company by reason of being a Shareholder.
LIMITATION OF SHAREHOLDER LIABILITY. The Agent hereby agrees that obligations assumed by the Trust pursuant to this Agreement shall be limited in all cases to the Trust and its assets and that the Agent shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Trust. It is further agreed that the Agent shall not seek satisfaction of any such obligations from the Board of Trustees or any individual Trustee of the Trust.
LIMITATION OF SHAREHOLDER LIABILITY. No Shareholder shall be liable for any debt, claim, demand, judgment or obligation of any kind of, against or with respect to the Trust by reason of his being a Shareholder, nor shall any Shareholder be subject to any personal liability whatsoever, in tort, contract or otherwise, to any Person in connection with the Trust Property or the affairs of the Trust.
AutoNDA by SimpleDocs
LIMITATION OF SHAREHOLDER LIABILITY. 6 TRANSFER AGENCY AND SERVICE AGREEMENT AGREEMENT made as of the 31st day of March, 2000, by and between AIM FLOATING RATE FUND, a Delaware business trust, having its principal office and place of business at 11 Gxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000 (xxe "Fund"), and A I M Fund Services, Inc., a Delaware corporation having its principal office and place of business at 11 Gxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000 (xxe "Transfer Agent").
LIMITATION OF SHAREHOLDER LIABILITY. Executive hereby acknowledges that the shareholders of Holdings are entitled to limited liability under the laws of the State of Delaware applicable to corporations and as such Executive shall not, nor shall he have the right to, make any claim against the shareholders of Holdings relating to any contest or dispute under this Agreement.
LIMITATION OF SHAREHOLDER LIABILITY. Notice is hereby given that the Declaration of Trust of each Fund which is a Delaware business trust, is on file with the Secretary of State of Delaware, and this Agreement was executed on behalf of each such Trust by a duly authorized officer thereof acting as such and not individually. The obligations of this Agreement are not binding upon any of the Trustees, officers or Shareholders of any such Trust individually but are binding only upon the assets and property of the respective portfolio of each such Trust for the benefit of which the Trustees have caused this Agreement to be executed.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!