Common use of Trustee's Liability Clause in Contracts

Trustee's Liability. A copy of the Declaration of Trust for the Trusts is on file with the Secretary of State of the Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Trusts as Trustees and not individually and that the obligations of this instrument are not binding upon any of the Trustees, officers or shareholders of the Trusts individually, but are binding only upon the assets and property of the Fund in question. The Names "Schwab Annuity Portfolios, " "Schwab Capital Trust," "Trustees of Schwab Annuity Portfolios" and "Trustees of Schwab Capital Trust" refer, respectively, to the Trusts created and the Trustees, as trustees but not individually or personally, acting from time to time under the applicable Declarations of Trust which are hereby referred to and copies of which are on file at the office of the Secretary of the Commonwealth of Massachusetts and at the principal office of the Trusts. The obligations of "Schwab Annuity Portfolios" and "Schwab Capital Trust," entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, representatives of the Trusts personally, but bind only the property of the Funds in question, and all persons dealing with any class of shares of the Funds must look solely to the Funds property belonging to such class for the enforcement of any claims against the Funds.

Trustee's Liability. A copy of the Declaration of Trust for the Trusts is on file with the Secretary of State of the Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Trusts as Trustees and not individually and that the obligations of this instrument are not binding upon any of the Trustees, officers or shareholders of the Trusts individually, but are binding only upon the assets and property of the Fund in question. The Names "Schwab Annuity Portfolios, ," "Schwab Capital Trust," "Trustees of Schwab Annuity Portfolios" and "Trustees of Schwab Capital Trust" refer, respectively, to the Trusts created and the Trustees, as trustees but not individually or personally, acting from time to time under the applicable Declarations of Trust which are hereby referred to and copies of which are on file at the office of the Secretary of the Commonwealth of Massachusetts and at the principal office of the Trusts. The obligations of "Schwab Annuity Portfolios" and "Schwab Capital Trust," entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, representatives of the Trusts personally, but bind only the property of the Funds in question, and all persons dealing with any class of shares of the Funds must look solely to the Funds property belonging to such class for the enforcement of any claims against the Funds.