Rights of Creditors. (a) All amounts payable in accordance with this Agreement and the Plan shall constitute a general unsecured obligation of the Funds. The Funds are under no obligation to transfer the Trustee’s Compensation Deferrals to any investment, trust or escrow account, and the Funds are under no obligation to secure amounts credited to the Trustee’s Deferral Account by any specific assets of any Fund or other assets in which any Fund has an interest. If the Funds elect to purchase any investments in order to cover their obligations under this Agreement, such investments shall continue for all purposes to be considered a part of the general assets and property of the Funds and subject to the claims of their general creditors.
Appears in 4 contracts
Samples: Deferred Compensation Agreement (Columbia Funds Series Trust Ii), Deferred Compensation Agreement (Columbia Funds Variable Insurance Trust I), Deferred Compensation Agreement (Columbia Funds Master Investment Trust, LLC)
