Common use of Shareholder Liability Clause in Contracts

Shareholder Liability. The Manager is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust of the Trust and agrees that obligations assumed by the Trust pursuant to this Agreement shall be limited in all cases to the Trust and its assets, and if the liability relates to one or more Funds, the obligations thereunder shall be limited to the respective assets of such Funds. The Manager further agrees that it shall not seek satisfaction of any such obligation from the shareholders of the Funds, nor from the Trustees or any individual Trustee of the Trust.

Shareholder Liability. The Manager is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust of the Trust and agrees that obligations assumed by the Trust pursuant to this Agreement shall be limited in all cases to the Trust and its assets, and if the liability relates to one or more FundsFund, the obligations thereunder shall be limited to the respective assets of such FundsFund. The Manager further agrees that it shall not seek satisfaction of any such obligation from the shareholders of the FundsFund, nor from the Trustees or any individual Trustee of the Trust.

Shareholder Liability. The Manager is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust of the Trust and agrees that obligations assumed by the Trust pursuant to this Agreement shall be limited in all cases to the Trust and its assets, and if the liability relates to one or more Fundsthe Fund, the obligations thereunder shall be limited to the respective assets of such Fundsthe Fund. The Manager further agrees that it shall not seek satisfaction of any such obligation from the shareholders of the FundsFund, nor from the Trustees or any individual Trustee of the Trust.