LIMITATION ON LIABILITY OF TRUSTEES. This Agreement has been executed on behalf of the Trust by the undersigned officer of the Trust in his/her capacity as an officer of the Trust. The obligations of this Agreement that pertain to the Trust shall be binding only upon the assets and property of the Trust and shall not be binding upon any individual trustee, officer or shareholder of the Trust or its Portfolios. This provision shall not affect the obligations or liabilities of XXX under this Agreement.
Appears in 2 contracts
Samples: Fund Participation Agreement (Aul American Individual Variable Annuity Unit Trust), Fund Participation Agreement (Aul American Individual Variable Life Unit Trust)
LIMITATION ON LIABILITY OF TRUSTEES. This Agreement has been executed on behalf of the Trust by the undersigned officer of the Trust in his/her capacity as an officer of the Trust. The obligations of this Agreement that pertain to the Trust shall be binding only upon the assets and property of the Trust and shall not be binding upon any individual trustee, officer or shareholder of the Trust or its Portfolios. This provision shall not affect the obligations or liabilities of XXX SAM under this Agreement.
Appears in 1 contract
Samples: Fund Participation Agreement (Aul American Unit Trust)
LIMITATION ON LIABILITY OF TRUSTEES. This Agreement has been executed on behalf of the Trust by the undersigned officer of the Trust in his/her capacity as an officer of the Trust. The obligations of this Agreement that pertain to the Trust shall be binding only upon the assets and property of the Trust and shall not be binding upon any individual trustee, officer or shareholder of the Trust or its Portfolios. This provision shall not affect the obligations or liabilities of XXX SXX under this Agreement.
Appears in 1 contract
Samples: Fund Participation Agreement (Aul American Unit Trust)
