Common use of Authorization By Board Clause in Contracts

Authorization By Board. The obligations set forth in this ----------------------- Agreement as having been made by the Trust have been made by the Board of Directors, acting as such Directors for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the State of Ohio, the Articles of Incorporation and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the Trust and then only to the extent of the assets of the Trust. XI.

Authorization By Board. The obligations set forth in this ----------------------- Agreement as having been made by the Trust have been made by the Board of DirectorsTrustees, acting as such Directors Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the State of OhioOHIO, the Articles Declaration of Incorporation Trust and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the DirectorsTrustees, Officers, agents or holders of shares, personally, but bind only the Trust and then only to the extent of the assets of the Trust. XI.