Limited Liability of the Trust. The Custodian acknowledges that it has received notice of and accepts the limitations of the Trust's liability as set forth in its Agreement and Declaration of Trust. The Custodian agrees that the Trust's obligation hereunder shall be limited to the assets of the Trust, and that the Custodian shall not seek satisfaction of any such obligation from the shareholders of the Trust nor from any Trustee, officer, employee, or agent of the Trust.
Appears in 5 contracts
Samples: Custody Agreement (Franklin International Trust), Custody Agreement (Franklin Strategic Mortgage Portfolio), Custody Agreement (Money Market Portfolios)