Common use of Representative Capacity; Nonrecourse Obligations Clause in Contracts

Representative Capacity; Nonrecourse Obligations. A COPY OF THE DECLARATION OF TRUST OR OTHER ORGANIZATIONAL DOCUMENT OF THE CLIENT WITH REGARD TO EACH FUND IS ON FILE WITH THE SECRETARY OF THE STATE OF DELAWARE, AND NOTICE IS HEREBY GIVEN THAT THIS AGREEMENT IS NOT EXECUTED ON BEHALF OF THE TRUSTEE(S) OF THE CLIENT AS INDIVIDUALS, AND THE OBLIGATIONS OF THIS AGREEMENT ARE NOT BINDING ON ANY OF THE TRUSTEES, OFFICERS, SHAREHOLDERS OR PARTNERS OF THE CLIENT OR A FUND INDIVIDUALLY , BUT ARE BINDING ONLY ON THE ASSETS AND PROPERTY OF A FUND’S RESPECTIVE PORTFOLIO. THE CUSTODIAN AGREES THAT NO SHAREHOLDER, TRUSTEE, OFFICER OR PARTNER OF THE CLIENT OR A FUND MAY BE HELD PERSONALLY LIABLE OR RESPONSIBLE FOR ANY OBLIGATIONS OF A FUND ARISING OUT OF THIS AGREEMENT.

Representative Capacity; Nonrecourse Obligations. A COPY OF THE DECLARATION OF TRUST OR OTHER ORGANIZATIONAL DOCUMENT OF THE CLIENT WITH REGARD TO EACH FUND IS ON FILE WITH THE SECRETARY OF THE STATE OF DELAWARETHE FUND’S FORMATION, AND NOTICE IS HEREBY GIVEN THAT THIS AGREEMENT IS NOT EXECUTED ON BEHALF OF THE TRUSTEE(S) TRUSTEE OF THE CLIENT AS INDIVIDUALSINDIVIDUAL(S), AND THE OBLIGATIONS OF THIS AGREEMENT ARE NOT BINDING ON UPON ANY OF THE TRUSTEESTRUSTEE, OFFICERS, SHAREHOLDERS OR PARTNERS OF THE CLIENT OR A FUND INDIVIDUALLY INDIVIDUALLY, BUT ARE BINDING ONLY ON UPON THE ASSETS AND PROPERTY OF A FUND’S THE CLIENTS RESPECTIVE PORTFOLIOFUNDS. THE CUSTODIAN AGREES THAT NO SHAREHOLDER, TRUSTEE, OFFICER OR PARTNER OF THE CLIENT OR A FUND ANY OF ITS FUNDS MAY BE HELD PERSONALLY LIABLE OR RESPONSIBLE FOR ANY OBLIGATIONS OF A FUND ARISING OUT OF THIS AGREEMENT.

Representative Capacity; Nonrecourse Obligations. A COPY OF THE DECLARATION OF TRUST OR OTHER ORGANIZATIONAL DOCUMENT OF THE CLIENT WITH REGARD TO EACH FUND IS ON FILE WITH THE SECRETARY OF THE STATE OF DELAWARETHE FUND’S FORMATION, AND NOTICE IS HEREBY GIVEN THAT THIS AGREEMENT IS NOT EXECUTED ON BEHALF OF THE TRUSTEE(S) TRUSTEE OF THE CLIENT AS INDIVIDUALSINDIVIDUAL(S), AND THE OBLIGATIONS OF THIS AGREEMENT ARE NOT BINDING ON UPON ANY OF THE TRUSTEESTRUSTEE, OFFICERS, SHAREHOLDERS OR PARTNERS OF THE CLIENT OR A FUND INDIVIDUALLY INDIVIDUALLY, BUT ARE BINDING ONLY ON UPON THE ASSETS AND PROPERTY OF A FUNDTHE CLIENT’S RESPECTIVE PORTFOLIOFUNDS. THE CUSTODIAN AGREES THAT NO SHAREHOLDER, TRUSTEE, OFFICER OR PARTNER OF THE CLIENT OR A FUND ANY OF ITS FUNDS MAY BE HELD PERSONALLY LIABLE OR RESPONSIBLE FOR ANY OBLIGATIONS OF A FUND ARISING OUT OF THIS AGREEMENT.