Common use of LIMITATION ON LIABILITY OF TRUSTEES Clause in Contracts

LIMITATION ON LIABILITY OF TRUSTEES. This Agreement Agreement has been executed on behalf of the Fund by the undersigned officer of the Fund in his/her capacity as an officer of the Fund. The obligations of this Agreement that pertain to the Fund shall be binding only upon the assets and property of the Fund and shall not be binding upon any individual Trustee, officer or shareholder of the Fund or its Portfolios. This provision shall not affect the obligations or liabilities of the Adviser under this Agreement.

Appears in 3 contracts

Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Variable Account D of Union Security Insurance Co)

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LIMITATION ON LIABILITY OF TRUSTEES. etc. This Agreement Agreement has been executed on behalf of the Fund by the undersigned officer of the Fund in his/his or her capacity as an officer of the FundFund and on behalf of the Advisor by an undersigned officer of the Advisor in his or her capacity as an officer of the Advisor. The Any obligations of imposed on the Fund by this Agreement that pertain to the Fund shall be binding only upon the assets and property of the Fund only and shall not be binding upon on any individual TrusteeDirector, officer or shareholder of the Fund or its Portfolios. This provision shall not affect the obligations or liabilities of the Adviser under this Agreementindividually.

Appears in 1 contract

Samples: Participation Agreement (C M Multi Account A)

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