Common use of SCOPE OF TRUST'S OBLIGATIONS Clause in Contracts

SCOPE OF TRUST'S OBLIGATIONS. A copy of the Declaration of Trust as amended from time to time of the Trust is on file with the Secretary of State of The Commonwealth of Massachusetts. The Company acknowledges that the obligations of or arising out of this instrument are not binding upon any of the Trust's trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust in accordance with its proportionate interest hereunder. If this instrument is executed by the Trust on behalf of one or more series of the Trust, the Company further acknowledges that the assets and liabilities of each series of the Trust are separate and distinct and that the obligations of or arising out of this instrument are binding solely upon the assets or property of the series on whose behalf the Trust has executed this instrument. If the Trust has executed this instrument on behalf of more than one series of the Trust, the Company also agrees that the obligations of each series hereunder shall be several and not joint, in accordance with its proportionate interest hereunder, and the Company agrees not to proceed against any series for the obligations of another series.

Appears in 5 contracts

Samples: Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M)

AutoNDA by SimpleDocs

SCOPE OF TRUST'S OBLIGATIONS. A copy of the Trust's Declaration of Trust as amended from time to time of the Trust is on file with the Secretary of State of The Commonwealth of Massachusetts. The Company Adviser acknowledges that the obligations of or arising out of this instrument Agreement are not binding upon any of the Trust's trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust in accordance accordnace with its proportionate interest hereunder. If this instrument Agreement is executed by the Trust on behalf of one or more series of the Trust, the Company Adviser further acknowledges that the assets and liabilities of each series of the Trust are separate and distinct and that the obligations of or arising out of this instrument Agreement are binding solely upon the assets or property of the series on whose behalf the Trust has executed this instrumentAgreement. If the Trust has executed this instrument on behalf of more than one series of the Trust, the Company you also agrees agree that the obligations of each series hereunder shall be several and not joint, in accordance with its proportionate interest hereunder, and the Company agrees you agree not to proceed against any series for the obligations of another series.

Appears in 4 contracts

Samples: Investment Advisory Agreement (MFS Institutional Trust), Investment Advisory Agreement (MFS Institutional Trust), Investment Advisory Agreement (MFS Institutional Trust)

AutoNDA by SimpleDocs

SCOPE OF TRUST'S OBLIGATIONS. A copy of the Declaration Certificate of Trust as amended from time to time of the Trust Trusts is on file with the Secretary of State of The Commonwealth the State of MassachusettsDelaware and a copy of the Agreement and Declaration of Trust is on file in the Trusts’ principal office. The Company HASi acknowledges that the obligations of or arising out of this instrument are not binding upon any of the Trust's Trusts’ trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust Trusts in accordance with its their proportionate interest hereunder. If this instrument is executed by the Trust Trusts on behalf of one or more series of the Trustits series, the Company HASi further acknowledges that the assets and liabilities of each series of the Trust are separate and distinct and that the obligations of or arising out of this instrument are binding solely upon the assets or property of the series on whose behalf the Trust has Trusts have executed this instrument. If the Trust has Trusts have executed this instrument on behalf of more than one series of the TrustTrusts, the Company HASi also agrees that the obligations of each series hereunder shall be several and not joint, in accordance with its proportionate interest hereunder, and the Company HASi agrees not to proceed against any series for the obligations of another series.

Appears in 2 contracts

Samples: Amended and Restated Employee Lease Agreement (Huntington Funds), Employee Lease Agreement (Huntington Funds)

Time is Money Join Law Insider Premium to draft better contracts faster.