Common use of Several, Not Joint, Obligations Clause in Contracts

Several, Not Joint, Obligations. The duties, responsibilities and obligations of each Fund pursuant to this Agreement shall be several and not joint. In no event shall any one Fund be responsible for the obligations of another Fund. * * * * * *

Appears in 4 contracts

Samples: Distribution Agreement (Pacific Capital Funds), Distribution Agreement (Pacific Capital Funds), Distribution Agreement (Pacific Capital Funds)

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Several, Not Joint, Obligations. The duties, responsibilities and obligations of each Fund pursuant to this Agreement shall be several and not joint. In no event shall any one Fund be responsible for the obligations of another Fund. * * * * * *

Appears in 2 contracts

Samples: Distribution Agreement (Excelsior Funds Inc), Distribution Agreement (Excelsior Tax Exempt Funds Inc)

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