Common use of Limitation on Liability of Directors, etc Clause in Contracts

Limitation on Liability of Directors, etc. This agreement has been executed on behalf of the Fund by the undersigned officer of the Fund in his or her capacity as an officer of the Fund. The obligations of this agreement shall be binding upon the assets and property of the Fund only and shall not be binding on any Director, officer or shareholder of the Fund individually.

Appears in 10 contracts

Samples: Fund Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Fund Participation Agreement (Ing Partners Inc), Fund Participation Agreement (Separate Account B of Golden American Life Insurance Co)

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