Common use of Representative Capacity and Binding Obligation Clause in Contracts

Representative Capacity and Binding Obligation. A copy of the Declaration of Trust of the Customer is on file with The Secretary of the Commonwealth of Massachusetts, and notice is hereby given that this Agreement is not executed on behalf of the Trustees of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders of the Customer individually but are biding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee or officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.

Appears in 4 contracts

Samples: Custodian Agreement (Bt Advisor Funds), Custodian Agreement (Bt Investment Portfolios), Custodian Agreement (Bt Pyramid Mutual Funds)

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Representative Capacity and Binding Obligation. A copy of the Declaration of Trust of the Customer is on file with The Secretary of the Commonwealth of Massachusetts, and notice is hereby given that this Agreement is not executed on behalf of the Trustees of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders of the Customer individually but are biding binding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee or of officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.

Appears in 2 contracts

Samples: Custodian Agreement (Kent Funds), Custodian Agreement (Kent Funds)

Representative Capacity and Binding Obligation. A copy of the Declaration of Trust of the Customer is on file with The Secretary of the Commonwealth of Massachusetts, and notice is hereby given that this Agreement is not executed on behalf of the Trustees of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders of the Customer individually but are biding binding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee or officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.

Appears in 2 contracts

Samples: Custodian Agreement (Oppenheimer Senior Floating Rate Fund), Custodian Agreement (Variable Insurance Funds)

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Representative Capacity and Binding Obligation. A copy of the Declaration of Trust of the -------------------------------------------------- Customer is on file with The Secretary of the Commonwealth of Massachusetts, and notice is hereby given that this Agreement is not executed on behalf of the Trustees of the Customer as individuals, and the obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders of the Customer individually but are biding binding only upon the assets and property of the Portfolios. The Custodian agrees that no shareholder, trustee or officer of the Customer may be held personally liable or responsible for any obligations of the Customer arising out of this Agreement.

Appears in 1 contract

Samples: Custodian Agreement (Oppenheimer Senior Floating Rate Fund)

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