Common use of Trust Obligations Clause in Contracts

Trust Obligations. The obligations of this Agreement shall be binding upon the assets and property of the Trust and shall not be binding upon any trustee, officer, or shareholder of the Fund individually. Further, the debts, liabilities, obligations and expenses incurred or contracted for hereunder with respect to a Series of the Trust shall be enforceable against the assets of that Series only and not against the assets of the Trust generally or any other Series.

Appears in 3 contracts

Samples: Administration and Support Services Agreement (Pacific Select Fund), Administration and Support Services Agreement (Pacific Select Fund), Support Services Agreement (Pacific Life Funds)

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Trust Obligations. The obligations of this Agreement shall only be binding upon the assets and property of the Trust and shall not be binding upon any trusteeTrustee, officer, or shareholder of the Fund Trust individually. Further, the debts, liabilities, obligations and expenses incurred or contracted for hereunder with respect to a Series of the Trust Fund shall be enforceable against the assets of that Series Fund only and not against the assets of the Trust generally or any other SeriesFund.

Appears in 1 contract

Samples: Administration Agreement (Pacific Funds Series Trust)

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Trust Obligations. The obligations of this Agreement shall only be binding upon the assets and property of the Trust and shall not be binding upon any trusteeTrustee, officer, or shareholder of the Fund Trust individually. Further, the debts, liabilities, obligations and expenses incurred or contracted for hereunder with respect to a Series of the Trust shall be enforceable against the assets of that Series only and not against the assets of the Trust generally or any other Series.

Appears in 1 contract

Samples: Administration and Shareholder Services Agreement (Pacific Life Funds)

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