Common use of Limitations of Liability of the Trustees and Shareholders Clause in Contracts

Limitations of Liability of the Trustees and Shareholders. Section 17.1. It is expressly acknowledged and agreed that the obligations of the Trust (and Funds thereof) hereunder shall not be binding upon any of the shareholders, Trustees, officers, employees or agents of the Trust (and Funds thereof), personally, but shall bind only the trust property of the Trust and the applicable Fund, as provided in the Trust's Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust and signed by an officer of the Trust, acting as such, and neither such authorization by such Trustees 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 trust property of the Trust and the applicable Fund as provided in the Trust's Declaration of Trust.

Appears in 8 contracts

Samples: Transfer Agency and Service Agreement (First Trust Exchange-Traded Alphadex Fund Ii), Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Iii), Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Vi)

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Limitations of Liability of the Trustees and Shareholders. Section 17.116.01. It is expressly acknowledged and agreed that the obligations of the Trust (and Funds thereof) hereunder shall not be binding upon any of the shareholderstheir Trustees, TrusteesShareholders, nominees, officers, agents or employees or agents of the Trust (and Funds thereof), personally, but shall bind only the trust property of the Trust and the applicable FundFunds, as provided in the Trust's Agreement and/or Declaration of TrustTrust of each Fund. The execution and delivery of this Agreement have been authorized by the Trustees or the Shareholders of the Trust Funds, and this Agreement has been signed by an authorized officer of the TrustFunds, acting as such, and 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 be binding upon or impose any liability on any of them personally, but shall bind only the trust property of the Trust and the applicable each Fund as provided in the Trust's respective Agreement and/or Declaration of Trust.

Appears in 3 contracts

Samples: Transfer Agency and Service Agreement (Virtus Investment Trust), Agency and Service Agreement (Allianz Funds Multi-Strategy Trust), Agency and Service Agreement (Allianz Funds)

Limitations of Liability of the Trustees and Shareholders. Section 17.1. 16.01 It is expressly acknowledged and agreed that the obligations of the Trust (and Funds thereof) hereunder shall not be binding upon any of the shareholderstheir Trustees, TrusteesShareholders, nominees, officers, agents or employees or agents of the Trust (and Funds thereof), personally, but shall bind only the trust property of the Trust and the applicable FundFunds, as provided in the Trust's Agreement and/or Declaration of TrustTrust of each Fund. The execution and delivery of this Agreement have been authorized by the Trustees or the Shareholders of the Trust Funds, and this Agreement has been signed by an authorized officer of the TrustFunds, acting as such, and 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 be binding upon or impose any liability on any of them personally, but shall bind only the trust property of the Trust and the applicable each Fund as provided in the Trust's respective Agreement and/or Declaration of Trust.

Appears in 3 contracts

Samples: Agency and Service Agreement (Virtus Opportunities Trust), Transfer Agency and Service Agreement (Virtus Event Opportunities Trust), Transfer Agency and Service Agreement (Virtus Equity Trust)

Limitations of Liability of the Trustees and Shareholders. Section SECTION 17.1. It is expressly acknowledged and agreed that the obligations of the Trust (and Funds thereof) hereunder shall not be binding upon any of the shareholders, Trustees, officers, employees or agents of the Trust (and Funds thereof), personally, but shall bind only the trust property of the Trust and the applicable Fund, as provided in the Trust's Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust and signed by an officer of the Trust, acting as such, and neither such authorization by such Trustees 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 trust property of the Trust and the applicable Fund as provided in the Trust's Declaration of Trust.

Appears in 1 contract

Samples: Participant Agreement (First Trust Exchange-Traded Alphadex Fund)

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Limitations of Liability of the Trustees and Shareholders. Section 17.116.01. It is expressly acknowledged and agreed that the obligations of the Trust (and Funds thereof) hereunder shall not be binding upon any of the shareholderstheir Trustees, TrusteesShareholders, nominees, officers, agents or employees or agents of the Trust (and Funds thereof), personally, but shall bind only the trust property of the Trust and the applicable FundFunds, as provided in the Trust's Agreement and/or Declaration of TrustTrust of each Fund. The execution and delivery of this Agreement have been authorized by the Trustees or the Shareholders of the Trust Funds, and this Agreement has been signed by an authorized officer of the TrustFunds, acting as such, and 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 be binding upon or impose any liability on any of 91871099_1 them personally, but shall bind only the trust property of the Trust and the applicable each Fund as provided in the Trust's respective Agreement and/or Declaration of Trust.

Appears in 1 contract

Samples: Agency and Service Agreement (Virtus Investment Trust)

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