Common use of Trust Not a Party Clause in Contracts

Trust Not a Party. The parties to this Agreement acknowledge and agree that the Trust is not directly or indirectly a party to this Agreement. If, however, the Trust shall be so deemed, the parties to this Agreement acknowledge and agree that any liabilities of the Trust arising, directly or indirectly, under this Agreement will be satisfied out of the assets of the Trust and that no trustee, officer, agent or holder of shares of beneficial interest of the Trust or any Fund will be personally liable for such liabilities. No Fund of the Trust will be liable for the obligations or liabilities of any other Fund. This Agreement is executed as of this 17th day of March 2008. PACIFIC LIFE INSURANCE COMPANY By: Name: Title: Assistant Vice President Attest: Corporate Secretary Franklin Xxxxxxxxx Services, LLC By: Name: Title: Vice President Schedule A Administrative Services

Appears in 6 contracts

Samples: Administrative Services Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Administrative Services Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Administrative Services Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

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