{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "expenses-incurred", "type": "definition", "offset": [78, 95]}, {"key": "with-respect-to", "type": "clause", "offset": [134, 149]}, {"key": "the-assets", "type": "clause", "offset": [199, 209]}, {"key": "assets-of-the-trust", "type": "clause", "offset": [251, 270]}], "samples": [{"hash": "luYgkkW6wM6", "uri": "/contracts/luYgkkW6wM6#series-trust", "label": "Trust Agreement (Mmca Auto Owner Trust 2001-4)", "score": 18.0, "published": true}, {"hash": "isHY1a9RoJ6", "uri": "/contracts/isHY1a9RoJ6#series-trust", "label": "Trust Agreement (Daimlerchrysler Services North America LLC)", "score": 18.0, "published": true}, {"hash": "i3E5E0ZV6kX", "uri": "/contracts/i3E5E0ZV6kX#series-trust", "label": "Trust and Servicing Agreement (Honda Titling D Lp)", "score": 18.0, "published": true}], "size": 16, "snippet": "The Trust shall be a series trust and the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular series shall be enforceable against the assets of such series only, and not against the assets of the Trust generally.", "hash": "51cfcf143f2be8510a19d2fd7f28ae55", "id": 3}, {"snippet_links": [{"key": "the-trust-is-a", "type": "definition", "offset": [0, 14]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [28, 48]}, {"key": "business-trust-statute", "type": "definition", "offset": [76, 98]}, {"key": "series-of-the-trust", "type": "clause", "offset": [136, 155]}, {"key": "meaning-of", "type": "definition", "offset": [167, 177]}, {"key": "this-agreement", "type": "clause", "offset": [237, 251]}, {"key": "entered-into", "type": "clause", "offset": [255, 267]}, {"key": "with-respect-to", "type": "clause", "offset": [273, 288]}, {"key": "the-series", "type": "definition", "offset": [289, 299]}, {"key": "adoption-annex", "type": "definition", "offset": [332, 346]}, {"key": "expenses-incurred", "type": "definition", "offset": [392, 409]}, {"key": "the-assets", "type": "clause", "offset": [539, 549]}, {"key": "assets-of-the-trust", "type": "clause", "offset": [624, 643]}, {"key": "other-series", "type": "definition", "offset": [676, 688]}], "samples": [{"hash": "ikiVEhpTqqF", "uri": "/contracts/ikiVEhpTqqF#series-trust", "label": "Sale and Servicing Agreement (Cwabs Inc)", "score": 18.0, "published": true}, {"hash": "hr7vlRm0vul", "uri": "/contracts/hr7vlRm0vul#series-trust", "label": "Sale and Servicing Agreement (Cwabs Inc)", "score": 18.0, "published": true}, {"hash": "glSM2y4ClOS", "uri": "/contracts/glSM2y4ClOS#series-trust", "label": "Sale and Servicing Agreement (Cwabs Inc)", "score": 18.0, "published": true}], "size": 20, "snippet": "The Trust is a series trust pursuant to Sections 3804 and 3806(b)(2) of the Business Trust Statute, and each series shall be a separate series of the Trust within the meaning of Section 3806(b)(2) of the Business Trust Statute. As such, this Agreement is entered into only with respect to the Series of the Trust referred to in the Adoption Annex and the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with respect to the Series referred to in the Adoption Annex shall be enforceable against the assets of the Series referred to in the Adoption Annex only, and not against the assets of the Trust generally, or the assets of any other series.", "hash": "2036f6bcda7753e75d004f0f8e9172fc", "id": 2}, {"snippet_links": [{"key": "the-interests", "type": "clause", "offset": [0, 13]}, {"key": "of-the-trust", "type": "clause", "offset": [14, 26]}, {"key": "business-trust-statute", "type": "definition", "offset": [97, 119]}, {"key": "intent-of-the-parties-hereto", "type": "clause", "offset": [144, 172]}, {"key": "trust-agreement", "type": "definition", "offset": [232, 247]}, {"key": "with-respect-to", "type": "clause", "offset": [265, 280]}, {"key": "separate-business", "type": "definition", "offset": [328, 345]}, {"key": "business-trust-act", "type": "definition", "offset": [362, 380]}, {"key": "a-reference-to", "type": "clause", "offset": [460, 474]}, {"key": "to-the-extent", "type": "clause", "offset": [487, 500]}, {"key": "give-effect-to", "type": "definition", "offset": [514, 528]}, {"key": "the-foregoing", "type": "definition", "offset": [529, 542]}, {"key": "the-terms", "type": "definition", "offset": [562, 571]}, {"key": "in-this-agreement", "type": "definition", "offset": [592, 609]}, {"key": "in-no-event", "type": "clause", "offset": [616, 627]}, {"key": "full-benefit", "type": "clause", "offset": [694, 706]}, {"key": "limitation-on", "type": "definition", "offset": [714, 727]}], "samples": [{"hash": "fBhfHg6XVQr", "uri": "/contracts/fBhfHg6XVQr#series-trust", "label": "Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series D)", "score": 21.0, "published": true}, {"hash": "aon73A6oZFi", "uri": "/contracts/aon73A6oZFi#series-trust", "label": "Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series F)", "score": 21.0, "published": true}, {"hash": "5Rr1r3AfiPb", "uri": "/contracts/5Rr1r3AfiPb#series-trust", "label": "Declaration of Trust and Trust Agreement (World Monitor Trust Series B)", "score": 21.0, "published": true}], "size": 9, "snippet": "The Interests of the Trust shall be divided into Series as provided in Section 3806(b)(2) of the Business Trust Statute. Accordingly, it is the intent of the parties hereto that Articles IV, V, VI, VII, VIII, IX, X and XIII of this Trust Agreement shall apply also with respect to each such Series as if each such Series were a separate business trust under the Business Trust Act, and each reference to the term \u201cTrust\u201d in such Articles shall be deemed to be a reference to each Series to the extent necessary to give effect to the foregoing intent. The use of the terms \u201cTrust\u201d or \u201cSeries\u201d 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.", "hash": "0bbe85d142296c705098aa6349b8081d", "id": 7}, {"snippet_links": [{"key": "the-trust-is-a", "type": "definition", "offset": [0, 14]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [28, 48]}, {"key": "delaware-trust-statute", "type": "definition", "offset": [79, 101]}, {"key": "of-the-trust", "type": "clause", "offset": [114, 126]}, {"key": "separate-and-distinct", "type": "clause", "offset": [235, 256]}, {"key": "associated-with", "type": "definition", "offset": [314, 329]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [390, 412]}, {"key": "a-nominee", "type": "definition", "offset": [424, 433]}, {"key": "other-fund", "type": "definition", "offset": [538, 548]}, {"key": "the-terms", "type": "definition", "offset": [561, 570]}, {"key": "trust-agreement", "type": "definition", "offset": [607, 622]}, {"key": "in-no-event", "type": "clause", "offset": [629, 640]}, {"key": "intent-of-the-parties-hereto", "type": "clause", "offset": [651, 679]}, {"key": "full-benefit", "type": "clause", "offset": [721, 733]}, {"key": "limitation-on", "type": "definition", "offset": [741, 754]}, {"key": "series-liability", "type": "clause", "offset": [761, 777]}], "samples": [{"hash": "izI9H3kgPkq", "uri": "/contracts/izI9H3kgPkq#series-trust", "label": "Declaration of Trust and Trust Agreement (Teucrium Commodity Trust)", "score": 36.9616699219, "published": true}, {"hash": "9udDXRVR7Pm", "uri": "/contracts/9udDXRVR7Pm#series-trust", "label": "Trust Agreement (Tidal Commodities Trust I)", "score": 34.5496253967, "published": true}, {"hash": "ikSXPO84AH0", "uri": "/contracts/ikSXPO84AH0#series-trust", "label": "Declaration of Trust and Trust Agreement (Teucrium Commodity Trust)", "score": 27.2984256744, "published": true}], "size": 25, "snippet": "The Trust is a series trust pursuant to Sections 3804(a) and 3806(b)(2) of the Delaware Trust Statute. The Shares of the Trust shall be divided into series, each a Fund, as provided in Section 3806(b)(2) of the Delaware Trust Statute. Separate and distinct records shall be maintained for each Fund and the assets associated with a Fund shall be held in such separate and distinct records (directly or indirectly, including a nominee or otherwise) and accounted for in such separate and distinct records separately from the assets of any other Fund. The use of the terms \u201cTrust\u201d, \u201cFund\u201d or \u201cseries\u201d in this Trust Agreement shall in no event alter the intent of the parties hereto that the Trust and each Fund receive the full benefit of the limitation on inter-series liability as set forth in Section 3804 of the Delaware Trust Statute.", "hash": "ec6c9e94d2b70502d9089ca673dc4ae1", "id": 1}, {"snippet_links": [], "samples": [{"hash": "lVJ6tcazzLH", "uri": "/contracts/lVJ6tcazzLH#series-trust", "label": "Distribution Agreement (Streettracks Series Trust)", "score": 15.0, "published": true}, {"hash": "i4Ph814f4S0", "uri": "/contracts/i4Ph814f4S0#series-trust", "label": "Administration Agreement (SPDR Series Trust)", "score": 15.0, "published": true}, {"hash": "hqbuarFPlxA", "uri": "/contracts/hqbuarFPlxA#series-trust", "label": "Transfer Agent and Registrar Agreement (SPDR Series Trust)", "score": 15.0, "published": true}], "size": 14, "snippet": "By: ------------------------------------ \u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587, President", "hash": "70e0e7b91ada84ed0560c3b7f3fca0ce", "id": 4}, {"snippet_links": [], "samples": [{"hash": "fZyeeKZWjAV", "uri": "/contracts/fZyeeKZWjAV#series-trust", "label": "Distribution Agreement (Streettracks Series Trust)", "score": 15.0, "published": true}, {"hash": "a5Ug9tX0e9i", "uri": "/contracts/a5Ug9tX0e9i#series-trust", "label": "Investment Advisory Agreement (Streettracks Series Trust)", "score": 15.0, "published": true}, {"hash": "5Cccn8R5ywP", "uri": "/contracts/5Cccn8R5ywP#series-trust", "label": "Transfer Agent and Registrar Agreement (Streettracks Series Trust)", "score": 15.0, "published": true}], "size": 11, "snippet": "By: /s/ James Ross ------------------------------------ James Ross, President", "hash": "864c6450973b892646cbc1e9e0c76a60", "id": 5}, {"snippet_links": [{"key": "beneficial-interests", "type": "definition", "offset": [30, 50]}, {"key": "separate-rights", "type": "clause", "offset": [59, 74]}, {"key": "with-respect-to", "type": "clause", "offset": [93, 108]}, {"key": "obligations-of-the-trust", "type": "clause", "offset": [121, 145]}, {"key": "expenses-incurred", "type": "definition", "offset": [244, 261]}, {"key": "the-assets", "type": "clause", "offset": [365, 375]}, {"key": "assets-of-the-trust", "type": "clause", "offset": [417, 436]}], "samples": [{"hash": "jYzIkza9Ioq", "uri": "/contracts/jYzIkza9Ioq#series-trust", "label": "Trust Agreement (Household Automotive Trust 2001-1)", "score": 19.0, "published": true}, {"hash": "hkvtvirZDOa", "uri": "/contracts/hkvtvirZDOa#series-trust", "label": "Trust Agreement (Household Automotive Trust v Series 2000 2)", "score": 18.0, "published": true}, {"hash": "e9WknYWgPFW", "uri": "/contracts/e9WknYWgPFW#series-trust", "label": "Trust Agreement (Household Auto Receivables Corp)", "score": 18.0, "published": true}], "size": 9, "snippet": "The Trust may issue series of beneficial interests, having separate rights, powers or duties with respect to property or obligations of the Trust, as provided in 12 Del. C. 3804 and 3806(b)(2), such that the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular series shall be enforceable against the assets of such series only, and not against the assets of the Trust generally.", "hash": "842298c7c8855a224cc885dfc4f06a95", "id": 6}, {"snippet_links": [{"key": "beneficial-interest", "type": "definition", "offset": [4, 23]}, {"key": "assets-of-the-trust", "type": "clause", "offset": [31, 50]}, {"key": "designated-series", "type": "definition", "offset": [73, 90]}, {"key": "statutory-trust-statute", "type": "definition", "offset": [132, 155]}, {"key": "assets-belonging-to", "type": "definition", "offset": [180, 199]}, {"key": "intent-of-the-parties-hereto", "type": "clause", "offset": [252, 280]}, {"key": "with-respect-to", "type": "clause", "offset": [343, 358]}, {"key": "separate-series", "type": "clause", "offset": [412, 427]}, {"key": "a-reference-to", "type": "clause", "offset": [562, 576]}, {"key": "to-the-extent", "type": "clause", "offset": [597, 610]}, {"key": "give-effect-to", "type": "definition", "offset": [624, 638]}, {"key": "the-foregoing", "type": "definition", "offset": [639, 652]}, {"key": "the-terms", "type": "definition", "offset": [672, 681]}, {"key": "in-this-agreement", "type": "definition", "offset": [705, 722]}, {"key": "in-no-event", "type": "clause", "offset": [729, 740]}, {"key": "full-benefit", "type": "clause", "offset": [807, 819]}, {"key": "limitation-on", "type": "definition", "offset": [827, 840]}], "samples": [{"hash": "l5pcljxJ5c0", "uri": "/contracts/l5pcljxJ5c0#series-trust", "label": "Trust Agreement (Accredited Mortgage Loan Trust 2004-3)", "score": 21.0, "published": true}, {"hash": "hZFBTh4IXLA", "uri": "/contracts/hZFBTh4IXLA#series-trust", "label": "Trust Agreement (Accredited Home Lenders Inc Mortgage Loan Trust 2004-1)", "score": 21.0, "published": true}, {"hash": "cFU7OEyqHFd", "uri": "/contracts/cFU7OEyqHFd#series-trust", "label": "Trust Agreement (Accredited Mortgage Loan Trust 2003-2)", "score": 21.0, "published": true}], "size": 7, "snippet": "The beneficial interest in the assets of the Trust shall be divided into designated series as provided in Section 3806(b)(2) of the Statutory Trust Statute (the segregated pool of assets belonging to each series, a \u201cSub-Trust\u201d). Accordingly, it is the intent of the parties hereto that Articles II, IV and X of this Agreement shall apply also with respect to each such Sub-Trust as if each such Sub-Trust were a separate series of a statutory trust under the Statutory Trust Statute, and each reference to the term \u201cTrust\u201d 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 \u201cTrust\u201d or \u201cSub-Trust\u201d 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 Statutory Trust Statute.", "hash": "1ff24af37388c70ae2e13aa81e6f16a3", "id": 8}, {"snippet_links": [{"key": "party-b", "type": "definition", "offset": [3, 10]}, {"key": "in-respect-of", "type": "definition", "offset": [12, 25]}, {"key": "trust-validly-created", "type": "clause", "offset": [44, 65]}, {"key": "the-series", "type": "definition", "offset": [67, 77]}, {"key": "in-existence", "type": "definition", "offset": [116, 128]}, {"key": "date-of", "type": "clause", "offset": [142, 149]}], "samples": [{"hash": "fNGUhAkIZmp", "uri": "/contracts/fNGUhAkIZmp#series-trust", "label": "Isda Master Agreement (Currency Swap Agreement) (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}, {"hash": "9cSuTsQGtOz", "uri": "/contracts/9cSuTsQGtOz#series-trust", "label": "Isda Master Agreement (Currency Swap Agreement) (Securitisation Advisory Services Pty LTD 2000 Med Trust)", "score": 18.0, "published": true}, {"hash": "7dp3gzxRSVY", "uri": "/contracts/7dp3gzxRSVY#series-trust", "label": "Isda Master Agreement (Currency Swap Agreement) (Securitisation Advisory Services Pty LTD 2000 Med Trust)", "score": 18.0, "published": true}], "size": 7, "snippet": "By Party B, in respect of Party B only:\n(i) Trust Validly Created. The Series Trust has been validly created and is in existence at the Trade Date of the first occurring Transaction.", "hash": "a0abd3af8f4651cb43702610164cf2a7", "id": 9}, {"snippet_links": [{"key": "assets-of-the-trust", "type": "clause", "offset": [4, 23]}, {"key": "designated-series", "type": "definition", "offset": [46, 63]}, {"key": "business-trust-statute", "type": "definition", "offset": [105, 127]}, {"key": "series-a", "type": "clause", "offset": [134, 142]}, {"key": "intent-of-the-parties-hereto", "type": "clause", "offset": [180, 208]}, {"key": "trust-agreement", "type": "definition", "offset": [244, 259]}, {"key": "with-respect-to", "type": "clause", "offset": [277, 292]}, {"key": "separate-business", "type": "definition", "offset": [346, 363]}, {"key": "a-reference-to", "type": "clause", "offset": [482, 496]}, {"key": "to-the-extent", "type": "clause", "offset": [517, 530]}, {"key": "give-effect-to", "type": "definition", "offset": [544, 558]}, {"key": "the-foregoing", "type": "definition", "offset": [559, 572]}, {"key": "the-terms", "type": "definition", "offset": [592, 601]}, {"key": "in-this-agreement", "type": "definition", "offset": [625, 642]}, {"key": "in-no-event", "type": "clause", "offset": [649, 660]}, {"key": "full-benefit", "type": "clause", "offset": [727, 739]}, {"key": "limitation-on", "type": "definition", "offset": [747, 760]}], "samples": [{"hash": "erkRFhcgIkK", "uri": "/contracts/erkRFhcgIkK#series-trust", "label": "Trust Agreement (Chec Funding LLC)", "score": 21.0, "published": true}, {"hash": "biE0PfSyF7K", "uri": "/contracts/biE0PfSyF7K#series-trust", "label": "Trust Agreement (Renaissance Mortgage Acceptance Corp)", "score": 18.0, "published": true}, {"hash": "9fDgD0ydgVt", "uri": "/contracts/9fDgD0ydgVt#series-trust", "label": "Trust Agreement (Chec Funding LLC)", "score": 18.0, "published": true}], "size": 7, "snippet": "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.", "hash": "69b8aa8b2a85d25a291630fd9ff9ed35", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVzZXJpZXMtdHJ1c3QjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Series Trust", "size": 175, "children": [["retransfer-of-mortgage-loan", "Retransfer of Mortgage Loan"], ["other-describe", "Other (Describe"], ["term-resignation", "Term; Resignation"], ["", ""], ["definitions", "Definitions"]], "parents": [["definitions-the-trust", "Definitions the Trust"], ["general-provisions", "General Provisions"], ["miscellaneous-provisions", "Miscellaneous Provisions"], ["sub-trusts", "Sub Trusts"], ["governing-law", "Governing Law"]], "id": "series-trust", "related": [["series-trustees", "Series Trustees", "Series Trustees"], ["trust", "Trust", "Trust"], ["supplemental-interest-trust", "Supplemental Interest Trust", "Supplemental Interest Trust"], ["statutory-trust-only", "Statutory Trust Only", "Statutory Trust Only"], ["of-the-trust-agreement", "of the Trust Agreement", "of the Trust Agreement"]], "related_snippets": [], "updated": "2026-01-18T05:23:53+00:00", "also_ask": ["What key provisions must be included to ensure each series is legally distinct and protected from cross-liability?", "How can the Series Trust structure be leveraged to maximize operational flexibility while minimizing regulatory risk?", "What are the most common pitfalls in drafting Series Trust clauses that could undermine asset segregation?", "How do Series Trust enforceability standards differ across key jurisdictions, and what precedent exists?", "What negotiation points are most effective for limiting fiduciary or sponsor liability within a Series Trust?"], "drafting_tip": "Define each series and its assets distinctly to prevent confusion; specify liability segregation to protect series from each other's debts; clarify management authority to ensure proper governance.", "explanation": "A Series Trust clause establishes a legal structure in which a single trust is divided into multiple separate series, each with its own assets, liabilities, and beneficiaries. In practice, this means that the financial obligations and operations of one series are isolated from those of another, allowing for distinct management and risk segregation within the same overarching trust. This clause is primarily used to facilitate the efficient administration of multiple investment portfolios or business ventures under one trust, while protecting each series from the liabilities of the others."}, "json": true, "cursor": ""}}