Common use of No Management or Control; Limited Liability Clause in Contracts

No Management or Control; Limited Liability. The Limited Owners shall not participate in the management or control of the Trust’s business nor shall they transact any business for the Trust or any Series thereof or have the power to sign for or bind the Trust or any Series thereof, said power being vested solely and exclusively in the Managing Owner. Except as provided in Section 8.3 hereof, no Limited Owner shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of his Capital Contribution plus his share of the Trust Estate of any Series in which such Limited Owners own an Interest and profits remaining in the Series, if any. Except as provided in Section 8.3 hereof, each Limited Interest owned by a Limited Owner shall be fully paid and no assessment shall be made against any Limited Owner. No salary shall be paid to any Limited Owner in his capacity as a Limited Owner, nor shall any Limited Owner have a drawing account or earn interest on his contribution.

No Management or Control; Limited Liability. The Limited Owners shall not participate in the management or control of the Trust’s business nor shall they transact any business for the Trust or any Series thereof or have the power to sign for or bind the Trust or any Series thereof, said power being vested solely and exclusively in the Managing Owner. Except as provided in Section 8.3 hereof, no Limited Owner shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of his Capital Contribution plus his share of the Trust Estate of any Series in which such Limited Owners own an owns a Interest and profits remaining in the Series, if any. Except as provided in Section 8.3 hereofherein, each Limited Interest owned by a Limited Owner shall be fully paid and no assessment shall be made against any Limited Owner. No salary shall be paid to any Limited Owner in his capacity as a Limited Owner, nor shall any Limited Owner have a drawing account or earn interest on his contribution.

No Management or Control; Limited Liability. The Limited Owners shall not participate in the management or control of the Trust’s business nor shall they transact any business for the Trust or any Series thereof or have the power to sign for or bind the Trust or any Series thereof, said power being vested solely and exclusively in the Managing Owner. Except as provided in Section 8.3 hereof, no Limited Owner shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of his Capital Contribution plus his share of the Trust Estate of any Series in which such Limited Owners own owns an Interest and profits remaining in the Series, if any. Except as provided in Section 8.3 hereof, each Limited Interest owned by a Limited Owner shall be fully paid and no assessment shall be made against any Limited Owner. No salary shall be paid to any Limited Owner in his capacity as a Limited Owner, nor shall any Limited Owner have a drawing account or earn interest on his contribution.

No Management or Control; Limited Liability. The Limited Owners shall not participate in the management or control of the Trust’s 's business nor shall they transact any business for the Trust or any Series thereof or have the power to sign for or bind the Trust or any Series thereof, said power being vested solely and exclusively in the Managing Owner. Except as provided in Section 8.3 hereof, no Limited Owner shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of his Capital Contribution plus his share of the Trust Estate of any Series in which such Limited Owners own owns an Interest and profits remaining in the Series, if any. Except as provided in Section 8.3 hereof, each Limited Interest owned by a Limited Owner shall be fully paid and no assessment shall be made against any Limited Owner. No salary shall be paid to any Limited Owner in his capacity as a Limited Owner, nor shall any Limited Owner have a drawing account or earn interest on his contribution.

No Management or Control; Limited Liability. The Limited Owners Interest Holders, except for the Manager, shall not participate in the management or control of the Trust’s 's and Series business nor shall they transact any business for the Trust or any Series thereof or have the power to sign for or bind the Trust or any Series thereofSeries, said power being vested solely and exclusively in the Managing OwnerManager. Except as provided in Section 8.3 hereof, no Limited Owner Interest Holder shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust a Series in excess of his Capital Contribution to such Series plus his share of the Trust Estate of any belonging to such Series in which such Limited Owners own an Interest and profits of such Series remaining in the such Series, if any. Except Each Interest, when purchased in accordance with this Trust Agreement, shall, except as otherwise provided in Section 8.3 hereofby law, each Limited Interest owned by a Limited Owner shall be fully paid and no assessment shall be made against any Limited Ownernonassessable. No salary shall be paid to any Limited Owner Interest Holder in his capacity as a Limited Owneran Interest Holder, nor shall any Limited Owner Interest Holder have a drawing account or earn interest on the contribution to his contributioncapital account(s).

No Management or Control; Limited Liability. The Limited Owners Interest Holders, except for the Manager, shall not participate in the management or control of the Trust’s and Series’ business nor shall they transact any business for the Trust or any Series thereof or have the power to sign for or bind the Trust or any Series thereofSeries, said power being vested solely and exclusively in the Managing OwnerManager. Except as provided in Section 8.3 hereof, no Limited Owner Interest Holder shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust a Series in excess of his Capital Contribution to such Series plus his share of the Trust Estate of any belonging to such Series in which such Limited Owners own an Interest and profits of such Series remaining in the such Series, if any. Except Each Interest, when purchased in accordance with this Trust Agreement, shall, except as otherwise provided in Section 8.3 hereofby law, each Limited Interest owned by a Limited Owner shall be fully paid and no assessment shall be made against any Limited Ownernon assessable. No salary shall be paid to any Limited Owner Interest Holder in his capacity as a Limited Owneran Interest Holder, nor shall any Limited Owner Interest Holder have a drawing account or earn interest on the contribution to his contributioncapital account(s).