Common use of Name of the Fund; Liability of the Fund Clause in Contracts

Name of the Fund; Liability of the Fund. For the term of this Agreement, the Sponsor shall cause the name of the Fund to be as defined in the relevant Schedule to the Fund attached hereto. The Marketing Agent agrees to look solely to the assets of the Fund and to the Sponsor and its assets in respect of any claim against or obligation of the Fund. The Marketing Agent acknowledges and agrees that liability of the Fund, as a series of the Trust, is limited pursuant to Section 3804(a) of the Delaware Statutory Trust Act, such that (a) the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund shall be enforceable against the assets of the Fund only, and not against the assets of the Trust generally or the assets of any other series of the Trust, and (b) none of the debts, liabilities, obligations and expenses incurred, contracted for, or otherwise existing with respect to the Trust generally and any other series of the Trust shall be enforceable against the assets of the Fund.

Appears in 3 contracts

Samples: Marketing Agent Agreement (United States Currency Funds Trust), Marketing Agent Agreement (United States Commodity Funds Trust I), Marketing Agent Agreement (United States Commodity Index Funds Trust)

AutoNDA by SimpleDocs

Name of the Fund; Liability of the Fund. For the term of this Agreement, the Sponsor shall cause the name of the Fund to be as defined in the relevant Schedule to the Fund attached hereto. The Marketing Agent agrees to look solely to the assets of the Fund and to the Sponsor and its assets in respect of any claim against or obligation of the Fund. The Marketing Agent acknowledges and agrees that liability of the Fund, as a series of the Trust, is limited pursuant to Section 3804(a) of the Delaware Statutory Trust Act, such that (a) the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund shall be enforceable against the assets of the Fund only, and not against the assets of the Trust generally or the assets of any other series of the Trust, and (b) none of the debts, liabilities, obligations and expenses incurred, contracted for, or otherwise existing with respect to the Trust generally and any other series of the Trust shall be enforceable against the assets of the Fund.. 9 4.3

Appears in 1 contract

Samples: Marketing Agent Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.