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.
Appears in 3 contracts
Samples: Administrative Services Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Administrative Services Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Administrative Services Agreement (Variable Account Ii Aig Life Insurance Co)
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.Trust
Appears in 1 contract
Samples: Administrative Services Agreement (JPF Separate Account a of Jefferson Pilot Financial Ins Co)
