Common use of Limited Liability of Shareholder Clause in Contracts

Limited Liability of Shareholder. Notwithstanding anything to the contrary contained in this Agreement, you acknowledge and agree that, as provided by Section 8.1 of the Agreement and Declaration of Trust of the Trust, this Agreement is executed by the Trustees of the Trust and/or Officers of the Fund by them not individually but as such Trustees and/or Officers, and the obligations of the Fund hereunder are not binding upon any of the Trustees, Officers or Shareholders individually, but bind only the trust estate.

Appears in 97 contracts

Samples: Distribution Agreement (Van Kampen American Capital Tax Free Trust), Distribution Agreement (Van Kampen American Capital Trust), Distribution Agreement (Van Kampen Equity Trust Ii)

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Limited Liability of Shareholder. Notwithstanding anything to the contrary contained in this Agreement, you acknowledge and agree that, with respect to the Funds organized as a Trust, as provided by Section 8.1 of the applicable Agreement and Declaration of Trust of the Trust, this Agreement is executed by the Trustees of the Trust and/or Officers officers of the Fund Funds by them not individually but as such Trustees and/or Officersofficers, and the obligations of the Fund Funds hereunder are not binding upon any of the Trustees, Officers officers or Shareholders shareholders individually, but bind only the trust estate.

Appears in 6 contracts

Samples: Distribution Agreement (Van Kampen Reserve Fund), Distribution Agreement (Van Kampen Harbor Fund), Distribution Agreement (Van Kampen Equity Trust)

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