Common use of Separate Portfolio Clause in Contracts

Separate Portfolio. Pursuant to the provisions of the Declaration, each Fund is a separate Portfolio of the Corporation, and all debts, liabilities, obligations and expenses of a particular Fund shall be enforceable only against the assets of that Fund and not against the assets of any other Fund or of the Corporation as a whole.

Appears in 14 contracts

Samples: Investment Advisory and Management Agreement (Sunamerica Series, Inc.), Investment Advisory and Management Agreement (Sunamerica Focused Series Inc), Investment Advisory and Management Agreement (Style Select Series Inc)

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Separate Portfolio. Pursuant to the provisions of the Declaration, each Fund is a separate Portfolio of the [Corporation/Trust], and all debts, liabilities, obligations and expenses of a particular Fund shall be enforceable only against the assets of that Fund and not against the assets of any other Fund or of the Corporation [Corporation/Trust] as a whole.

Appears in 2 contracts

Samples: Investment Advisory and Management Agreement (Sunamerica Equity Funds), Investment Advisory and Management Agreement (Style Select Series Inc)

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