Common use of No Secured Interest Clause in Contracts

No Secured Interest. The obligations of the Fund or any of its Portfolios under the Plan shall constitute an unfunded and unsecured promise by the Fund to satisfy such obligations. The designation of an Account in the name of any Trustee shall be for bookkeeping purposes only and shall not create an obligation for the Fund or any of its Portfolios on behalf of the Trustee to fund any obligations under the Plan. Any assets which the Fund or any of its Portfolios may set aside to meet its liabilities under the Plan shall remain general assets of the Fund and the pertinent Portfolio subject to the claims of its creditors.

No Secured Interest. The obligations of the Fund or any of its Portfolios portfolios under the Plan shall constitute an unfunded and unsecured promise by the Fund to satisfy such obligations. The designation of an Account in the name of any Trustee shall be for bookkeeping purposes only and shall not create an obligation for the Fund or any of its Portfolios portfolios on behalf of the Trustee to fund any obligations under the Plan. Any assets which the Fund or any of its Portfolios portfolios may set aside to meet its liabilities under the Plan shall remain general assets of the Fund and the pertinent Portfolio portfolio subject to the claims of its creditors.

No Secured Interest. The obligations of the Fund or any of its Portfolios under the Plan shall constitute an unfunded and unsecured promise by the Fund Funds to satisfy such obligations. The designation of an Account in the name of any Trustee shall be for bookkeeping purposes only and shall not create an obligation for the Fund or any of its Portfolios Funds on behalf of the Trustee to fund any obligations under the Plan. Any assets which the Fund or any of its Portfolios Funds may set aside to meet its liabilities under the Plan shall remain general assets of the Fund and the pertinent Portfolio Funds subject to the claims of its creditors.