Common use of Separate Agreements and Obligations of Fund and Trustees Clause in Contracts

Separate Agreements and Obligations of Fund and Trustees. For all purposes, this Agreement shall constitute separate agreements between BBH&Co. and each of the Funds, and no obligation or liability of any of the Funds shall constitute under this Agreement the obligation or liability of any other Funds. BBH&Co. acknowledges and agrees that the obligations of the Trust and each of the Funds under this Agreement are binding only upon the Fund to which they relate and the assets of such Fund and are not binding upon the trustees, officers or shareholders of the Trust or any of their respective assets.

Separate Agreements and Obligations of Fund and Trustees. For all purposes, this Agreement shall constitute a separate agreements agreement between BBH&Co. and each of the Funds, and no obligation or liability of any of the Funds Fund shall constitute under this Agreement the obligation or liability of any other FundsFund. BBH&Co. acknowledges and agrees that the obligations of the each Trust and each of the Funds under this Agreement are binding only upon the Fund to which they relate and the assets of such Fund and are not binding upon the trustees, officers or shareholders of the any Trust or any of their respective assets.