Common use of No Shareholder Liability Clause in Contracts

No Shareholder Liability. The Adviser understands that the obligations of this Agreement are not binding upon any shareholder of the Trust personally, but bind only the Trust’s property. The Adviser represents that it has notice of the provisions of the Trust’s Declaration of Trust disclaiming shareholder liability for acts or obligations of the Trust.

Appears in 9 contracts

Samples: Investment Advisory Agreement (Parnassus Funds), Investment Advisory Agreement (Parnassus Funds), Parnassus Income Funds (Parnassus Income Funds)

AutoNDA by SimpleDocs

No Shareholder Liability. The Adviser understands that the obligations of this Agreement are not binding upon any shareholder of the Trust personally, but bind only the Trust’s 's property. The Adviser represents that it has notice of the provisions of the Trust’s 's Declaration of Trust disclaiming shareholder liability for acts or obligations of the Trust.. * * *

Appears in 2 contracts

Samples: Investment Advisory Agreement (Parnassus Income Funds), Investment Advisory Agreement (Parnassus Funds)

AutoNDA by SimpleDocs

No Shareholder Liability. The Adviser understands that the obligations of this Agreement are not binding upon any shareholder of the Trust personally, but bind only the Trust’s property. The Adviser represents that it has notice of the provisions of the Trust’s Declaration of Trust disclaiming shareholder liability for acts or obligations of the Trust.. * * *

Appears in 2 contracts

Samples: Investment Advisory Agreement (Parnassus Funds), Investment Advisory Agreement (Parnassus Funds)

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