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

Non-Liability of Trustees and Shareholders. A copy of the declaration of trust of the Trust is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trust by officers of the Trust as officers and not individually. Any obligation of the Trust hereunder shall be binding only upon the assets of the Trust (or applicable series thereof) and shall not be binding upon any trustee, officer, employee, agent or shareholder of the Trust. Neither the authorization of any action by the trustees or shareholders of the Trust nor the execution of this agreement on behalf of the Trust shall impose any liability upon any trustee, officer or shareholder of the Trust.

Appears in 5 contracts

Samples: Investment Advisory Agreement (Wanger Advisors Trust), Investment Advisory Agreement (Wanger Advisors Trust), Investment Advisory Agreement (Wanger Advisors Trust)

AutoNDA by SimpleDocs

Non-Liability of Trustees and Shareholders. A copy of the declaration Declaration of trust Trust of the Trust is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trust by officers of the Trust as officers and not individually. Any obligation of the Trust hereunder shall be binding only upon the assets of the Trust (or applicable series thereof) and shall not be binding upon any trustee, officer, employee, agent or shareholder of the Trust. Neither the authorization of any action by the trustees or shareholders of the Trust nor the execution of this agreement on behalf of the Trust shall impose any liability upon any trustee, officer or shareholder of the Trust.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Wanger Advisors Trust), Investment Advisory Agreement (Wanger Advisors Trust)

Non-Liability of Trustees and Shareholders. A copy of the declaration of trust of the Trust is on file with the Secretary of The the Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trust by its officers of the Trust as officers and not individually. Any obligation All obligations of the Trust hereunder shall be binding only upon the assets of the Trust (or applicable series thereofthe appropriate Fund) and shall not be binding upon any trustee, officer, employee, agent or shareholder of the Trust. Neither the authorization of any action by the trustees Trustees or shareholders of the Trust nor the execution of this agreement Agreement on behalf of the Trust shall impose any liability upon any trustee, officer or shareholder of the Trust.

Appears in 1 contract

Samples: Investment Advisory Agreement (Wanger Advisors Trust)

AutoNDA by SimpleDocs

Non-Liability of Trustees and Shareholders. A copy of the declaration of trust of the Trust is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trust by officers of the Trust as officers and not individually. Any obligation of the Trust hereunder shall be binding only upon the assets of the Trust (or applicable series thereof) and shall not be binding upon any trustee, officer, employee, agent or shareholder of the Trust. Neither the authorization of any action by the trustees or shareholders of the Trust nor the execution of this agreement Interim Agreement on behalf of the Trust shall impose any liability upon any trustee, officer or shareholder of the Trust.

Appears in 1 contract

Samples: Interim Investment Advisory Agreement (Wanger Advisors Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!