Recourse to Assets. Loans made to any Portfolio shall be repaid solely from the assets of such Portfolio, and a Lender shall have no right of recourse or offset against the assets of any other Portfolio with respect to such Loans or any default in respect thereto. Each Lender's liability under this Agreement with respect to a Loan shall be solely limited to the Lender's assets and each Borrower hereby waives any and all rights it may have against any other Portfolios with respect to such Loan or any default by Lender with respect thereto.
Appears in 13 contracts
Samples: Interfund Loan Agreement (Aim Floating Rate Fund), Interfund Loan Agreement (Short Term Investments Co /Tx/), Interfund Loan Agreement (Tax Free Investments Trust)
Recourse to Assets. Loans made to any Portfolio shall be repaid solely from the assets of such Portfolio, and a Lender shall have no right of recourse or offset against the assets of any other Portfolio with respect to such Loans or any default in respect thereto. Each Lender's ’s liability under this Agreement with respect to a Loan shall be solely limited to the Lender's ’s assets and each Borrower hereby waives any and all rights it may have against any other Portfolios with respect to such Loan or any default by Lender with respect thereto.
Appears in 6 contracts
Samples: Interfund Loan Agreement (Aim Counselor Series Trust (Invesco Counselor Series Trust)), Interfund Loan Agreement (Aim Tax Exempt Funds (Invesco Tax-Exempt Funds)), Interfund Loan Agreement (Aim Sector Funds (Invesco Sector Funds))
