Common use of Series Trust Clause in Contracts

Series Trust. The assets of the Trust shall be divided into designated series as provided in Section 3806(b)(2) of the Business Trust Statute (each series a "Sub-Trust"). Accordingly, it is the intent of the parties hereto that Articles II, IV and X of this Trust Agreement shall apply also with respect to each such Sub-Trust as if each such Sub-Trust were a separate business trust under the Business Trust Statute, and each reference to the term "Trust" in such Articles shall be deemed to be a reference to each such Sub-Trust to the extent necessary to give effect to the foregoing intent. The use of the terms "Trust" or "Sub-Trust" in this Agreement shall in no event alter the intent of the parties hereto that the Trust receive the full benefit of the limitation on interseries liability as set forth in Section 3804 of the Business Trust Statute.

Series Trust. The assets of the Trust shall be divided into designated series as provided in Section 3806(b)(2) of the Business Trust Statute (each series series, a "SubSUB-TrustTRUST"). Accordingly, it is the intent of the parties hereto that Articles II, IV and X of this Trust Agreement shall apply also with respect to each such Sub-Trust as if each such Sub-Trust were a separate business trust under the Business Trust Statute, and each reference to the term "Trust" in such Articles shall be deemed to be a reference to each such Sub-Trust to the extent necessary to give effect to the foregoing intent. The use of the terms "Trust" or "Sub-Trust" in this Agreement shall in no event alter the intent of the parties hereto that the Trust receive the full benefit of the limitation on interseries liability as set forth in Section 3804 of the Business Trust Statute.

Series Trust. The assets of the Trust shall be divided into designated series as provided in Section 3806(b)(2) of the Business Trust Statute (each series series, a "Sub-Trust"). Accordingly, it is the intent of the parties hereto that Articles II, IV and X of this Trust Agreement shall apply also with respect to each such Sub-Trust as if each such Sub-Trust were a separate business trust under the Business Trust Statute, and each reference to the term "Trust" in such Articles shall be deemed to be a reference to each such Sub-Trust to the extent necessary to give effect to the foregoing intent. The use of the terms "Trust" or "Sub-Trust" in this Agreement shall in no event alter the intent of the parties hereto that the Trust receive the full benefit of the limitation on interseries liability as set forth in Section 3804 of the Business Trust Statute.

Series Trust. The assets of the Trust shall be divided into designated series as provided in Section 3806(b)(2) of the Business Statutory Trust Statute (each series a "Sub-Trust"). Accordingly, it is the intent of the parties hereto that Articles II, IV and X of this Trust Agreement shall apply also with respect to each such Sub-Trust as if each such Sub-Trust were a separate business trust under the Business Statutory Trust Statute, and each reference to the term "Trust" in such Articles shall be deemed to be a reference to each such Sub-Trust to the extent necessary to give effect to the foregoing intent. The use of the terms "Trust" or "Sub-Trust" in this Agreement shall in no event alter the intent of the parties hereto that the Trust receive the full benefit of the limitation on interseries liability as set forth in Section 3804 of the Business Statutory Trust Statute.