Common use of TRUST AND SHAREHOLDER LIABILITY Clause in Contracts

TRUST AND SHAREHOLDER LIABILITY. A copy of the Trust Declaration is on file with the Secretary of State of the Commonwealth of Massachusetts. Each of the Adviser and the Sub-Adviser acknowledges that the obligations of or arising out of this Agreement are not binding upon any of the Trust’s Trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust. Each of the Adviser and the Sub-Adviser further acknowledges that the assets and liabilities of the Fund are separate and distinct from the assets and liabilities of any other Fund of the Trust and that the obligations of or arising out of this Agreement concerning the Fund or class thereof are binding solely upon the assets or property of the Fund or class thereof and not upon the assets or property of any other Fund, or, as appropriate, any other class of such Fund.

TRUST AND SHAREHOLDER LIABILITY. A copy of the Trust Declaration is on file with the Secretary of State of the Commonwealth of Massachusetts. Each of the Adviser and the Sub-Adviser acknowledges that the obligations of or arising out of this Agreement are not binding upon any of the Trust’s 's Trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust. Each of the Adviser and the Sub-Adviser further acknowledges that the assets and liabilities of the Fund are separate and distinct from the assets and liabilities of any other Fund of the Trust and that the obligations of or arising out of this Agreement concerning the Fund or class thereof are binding solely upon the assets or property of the Fund or class thereof and not upon the assets or property of any other Fund, or, as appropriate, any other class of such Fund.

TRUST AND SHAREHOLDER LIABILITY. A copy of the Trust Declaration is on file with the Secretary of State of the Commonwealth of Massachusetts. Each of the Adviser and the Sub-Adviser acknowledges that the obligations of or arising out of this Agreement are not binding upon any of the Trust’s Trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust. Each of the Adviser and the Sub-Adviser further acknowledges that the assets and liabilities of the Fund are separate and distinct from the assets and liabilities of any other Fund of the Trust and that the obligations of or arising out of this Agreement concerning the Fund or a class thereof are binding solely upon the assets or property of the Fund or a class thereof and not upon the assets or property of any other Fund, or, as appropriate, any other class of such Fund.