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 and each respective Portfolio thereof only and shall not be binding on any Director, officer or shareholder of the Fund individually. In addition, notwithstanding any other provision of this Agreement, no Portfolio shall be liable for any loss, expense, fee, charge or liability of any kind relating to or arising from the actions or omissions of any other Portfolio or from the application of this Agreement to any other Portfolio.

Appears in 7 contracts

Samples: Fund Participation Agreement (Separate Account N of Reliastar Life), Fund Participation Agreement (Separate Account N of Reliastar Life), Fund Participation Agreement (Separate Account N of Reliastar Life)

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