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

Limitations of Liability of Trustees and Shareholders of the Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust and signed by an authorized 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, and the -23- obligations of this Agreement are not binding upon any of the Trustees or Shareholders of the Trust, but bind only the appropriate property of the Fund, or Class, as provided in the Declaration of Trust. ARTICLE 23.

Limitations of Liability of Trustees and Shareholders of the Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust each Fund and signed by an authorized officer of the Trusteach Fund, 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, and the -23- obligations of this Agreement are not binding upon any of the Trustees Trustees, Spoke Fund or Shareholders of the TrustShareholders, but bind only the appropriate property of the each Fund, or Class, as provided in the Declaration of Trust. ARTICLE 2327.

Limitations of Liability of Trustees and Shareholders of the Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust Funds and signed by an authorized officer of the TrustFunds, 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, and the -23- obligations of this Agreement are not binding upon any of the Trustees Trustees, Investors or Shareholders of the TrustFunds, but bind only the appropriate property of the Fund, or ClassFunds, as provided in the Declaration of Trust. ARTICLE 2327.