Common use of Non-Liability of Trustees and Shareholders Clause in Contracts

Non-Liability of Trustees and Shareholders. Any obligation of a Trust hereunder shall be binding only upon the assets of that Trust (or the applicable series thereof), as provided in its Agreement and Declaration of Trust, and shall not be binding upon any Trustee, officer, employee, agent or shareholder of the Trust or upon any other Trust. Neither the authorization of any action by the Trustees or the shareholders of a Trust, nor the execution of this Agreement on behalf of the Trust shall impose any liability upon any Trustee or any shareholder. Nothing in this Agreement shall protect any Trustee against any liability to which such Trustee would otherwise be subject by willful misfeasance, bad faith or gross negligence in the performance of his duties, or reckless disregard of his obligations and duties under this Agreement.

Non-Liability of Trustees and Shareholders. Any obligation of a the Trust hereunder shall be binding only upon the assets of that the Trust (or the applicable series thereofFund), as provided in its the Agreement and Declaration of Trust of the Trust, and shall not be binding upon any Trustee, < > 19 officer, employee, agent or shareholder of the Trust or nor upon the assets held in the account of any other TrustFund. Neither the authorization of any action by the Trustees or the shareholders of a TrustFund, nor the execution of this Agreement Contract on behalf of the Trust shall impose any liability upon any Trustee or any shareholder. Nothing in this Agreement Contract shall protect any Trustee against any liability to which such Trustee would otherwise be subject by willful misfeasance, bad faith or gross negligence in the performance of his duties, or reckless disregard of his obligations and duties under this AgreementContract.