Common use of Separate Trusts Clause in Contracts

Separate Trusts. Unless the context otherwise requires, the provisions of this Agreement (including Schedules 1 and 2 hereto) shall apply severally in respect of each Trust. No Trust (or the Sponsor or Trustee acting on its behalf) shall have any liability, responsibility or obligation with respect to any other Trust under or in respect of this Agreement (including such Schedules).

Appears in 4 contracts

Samples: Authorized Participant Agreement (iShares GS Commodity Natural Gas Indexed Trust), Authorized Participant Agreement (iShares GS Commodity Industrial Metals Indexed Trust), Authorized Participant Agreement (iShares GS Commodity Non Energy Indexed Trust)

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