Trust Not a Partnership. It is hereby expressly declared that a trust and not a partnership is created hereby. All persons extending credit to, contracting with or having any claim against the Trust or any Class shall look only to the assets of the Trust or such Class for payment under such credit, contract or claim; and neither the Shareholders nor the Trustees, nor any of the Trust’s officers, employees or agents, whether past, present or future, shall be personally liable therefor.
Appears in 44 contracts
Samples: Income Fund Agreement (Callodine Specialty Income Fund), Credit Fund Agreement (First Trust Enhanced Private Credit Fund), Lending Fund Agreement (Variant Alternative Lending Fund)
Trust Not a Partnership. It is hereby expressly declared that a trust and not a partnership is created hereby. All persons extending credit to, contracting with or having any claim against the Trust or any Class shall look only to the assets of the Trust or such Class for payment under such credit, contract or claim; and neither the Shareholders nor the Trustees, nor any of the Trust’s Trusts officers, employees or agents, whether past, present or future, shall be personally liable therefor.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Kingsbarn Parallel Income Fund)
