Portfolio by Portfolio Basis Clause Samples
The "Portfolio by Portfolio Basis" clause establishes that obligations, rights, or calculations under an agreement are to be determined separately for each portfolio involved, rather than aggregating them across all portfolios. In practice, this means that if a party manages multiple investment portfolios, each portfolio's transactions, liabilities, or performance are treated independently for the purposes of the contract. This approach helps to isolate risk and ensure that issues or defaults in one portfolio do not affect the others, thereby providing clarity and protecting the interests of both parties in multi-portfolio arrangements.
Portfolio by Portfolio Basis. This Agreement is executed by the Fund with respect to each of its Portfolios and the obligations hereunder are not binding upon any of the directors, officers or shareholders of the Fund individually. Notwithstanding any other provision in this Agreement to the contrary, each and every obligation, liability or undertaking of a particular Portfolio under this Agreement shall constitute solely an obligation, liability or undertaking of, and be binding upon, such particular Portfolio and shall be payable solely from the available assets of such particular Portfolio and shall not be binding upon or affect any assets of any other Portfolio.
Portfolio by Portfolio Basis. This Agreement is executed by the Fund with respect to each of its Portfolios and the obligations hereunder are not binding upon any of the trustees, officers or shareholders of the Fund or a Portfolio individually. Notwithstanding any other provision in this Agreement to the contrary, each and every obligation, liability or undertaking of the Fund on behalf of a particular Portfolio under this Agreement shall constitute solely an obligation, liability or undertaking of, and be binding upon, the Fund on behalf of such particular Portfolio and shall be payable solely from the available assets of such particular Portfolio and shall not be binding upon or affect any assets of any other Portfolio.
Portfolio by Portfolio Basis. This Contract is executed by a Fund with respect to each of its Portfolios and the obligations hereunder are not binding upon any of the directors, officers or shareholders of a Fund individually. Notwithstanding any other provision in this Contract to the contrary, each and every obligation, liability or undertaking of a particular Portfolio under this Contract shall constitute solely an obligation, liability or undertaking of, and be binding upon, such particular Portfolio and shall be payable solely from the available assets of such particular Portfolio and shall not be binding upon or affect any assets of any other Portfolio.
Portfolio by Portfolio Basis. This Agreement is executed by the Fund with respect to each of its Portfolios and the obligations hereunder are not binding upon any of the trustees, officers or shareholders of the Fund or a Portfolio individually. Each and every obligation, liability or undertaking of the Fund on behalf of a particular Portfolio under this Agreement shall constitute solely an obligation, liability or undertaking of, and be binding upon, the Fund in respect of such particular Portfolio and shall be payable solely from the assets of such particular Portfolio and shall not be binding upon any assets of any other Portfolio.
Portfolio by Portfolio Basis. Notwithstanding any other provision in this Agreement to the contrary, each and every obligation, liability or undertaking of a particular Portfolio under this Agreement shall constitute solely an obligation, liability or undertaking of, and be binding upon, such particular Portfolio and shall be payable solely from the available assets of such particular Portfolio and shall not be binding upon or affect any assets of any other Portfolio.