Common use of Trust Not a Partnership Clause in Contracts

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 78 contracts

Sources: Advisor Linx Private Strategies Fund Agreement and Declaration of Trust (Advisor Linx Private Strategies Fund), Agreement and Declaration of Trust (Megacorn Fund), Agreement and Declaration of Trust (Redwood Private Real Estate Debt 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

Sources: Agreement and Declaration of Trust (Kingsbarn Parallel Income 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 19 any of the Trust’s officers, employees or agents, whether past, present or future, shall be personally liable therefor.

Appears in 1 contract

Sources: Trust Agreement (Aristotle Pacific Enhanced CLO Income Fund)