Disclaimer of Shareholder and Trustee Liability Sample Clauses
The Disclaimer of Shareholder and Trustee Liability clause serves to protect shareholders and trustees from being held personally liable for the obligations or debts of a company or trust. In practice, this means that if the company or trust incurs liabilities or faces legal claims, only the assets of the entity itself are at risk, not the personal assets of its shareholders or trustees. This clause is essential for encouraging investment and participation in companies and trusts by limiting personal financial exposure and ensuring that liability is confined to the entity.
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Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer Cash Reserves By: /s/ Robert G. Zack Robert G. Zack, Vice Pre▇▇▇▇▇▇ & Secretary OppenheimerFunds Distributor, Inc.
Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund.
Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Active Allocation Fund, a series of Oppenheimer Portfolio Seri▇▇ By: /s/ Robert G. Zack ------------------ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ----------------- James H. Ruff President Distribution and Service Plan and Agreement with OppenheimerFunds Distributor, Inc. For Class C Shares of Active Allocation Fund, a series of Oppenheimer Portfolio Seri▇▇ ▇▇▇▇ ▇istribution and Service Plan and Agreement (the "Plan") is dated as of the 8th day of December, 2004, by and between Active Allocation Fund (the "Fund"), a series of Oppenheimer Portfolio Se▇▇▇▇, ▇▇▇ OppenheimerFunds Distributor, Inc. (the "Distributor").
Disclaimer of Shareholder and Trustee Liability. OFI understands and agrees that this Agreement is executed and delivered by the Fund by its duly authorized officer, and OFI is expressly put on notice of the limitation of shareholder and Trustee liability set forth in the Fund's Declaration of Trust which is on file with the Secretary of the Commonwealth of Massachusetts, and that this Agreement has been executed by and on behalf of the Fund by its officer as such officer and not individually, and the obligations of the Fund under this Agreement are not binding upon any shareholder, officer or Trustee of the Fund individually, but bind only the assets and property of the Fund or a particular series of the Fund.
Disclaimer of Shareholder and Trustee Liability. The Distributor ------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer International ▇▇▇▇▇ ▇▇▇▇ a series of Oppenheimer Value Trust By: /s/ Robert G. Zack ----------------------------- Robert G. Zack Vice President & Secretary OppenheimerFunds Distributor, Inc. By: /s/ Katherine P. Feld ------------------------------ Katherine P. Feld Vice President Distribution and Service Plan and Agreement With OppenheimerFunds Distributor, Inc. For Class B Shares of Oppenheimer International ▇▇▇▇▇ ▇▇▇▇ a series of Oppenheimer International ▇▇▇▇▇ ▇▇▇▇▇ This Distribution and Service Plan and Agreement (the "Plan") is dated as of the 28th day of May 2003, by and between Oppenheimer International ▇▇▇▇▇ ▇▇▇▇ (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").
Disclaimer of Shareholder and Trustee Liability. OFI GLOBAL understands and agrees that this Agreement is executed and delivered by the Fund by its duly authorized officer, and OFI GLOBAL is expressly put on notice of the limitation of shareholder and Trustee liability set forth in the Fund’s Declaration of Trust which is on file with the Secretary of the Commonwealth of Massachusetts, and that this Agreement has been executed by and on behalf of the Fund by its officer as such officer and not individually, and the obligations of the Fund under this Agreement are not binding upon any shareholder, officer or Trustee of the Fund individually, but bind only the assets and property of the Fund or a particular series of the Fund.
Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Emerging Technolog▇▇▇ ▇▇▇▇ By: /s/ Robert G. Zack ----------------------------------------
Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer Principal Protect▇▇ ▇▇▇▇ ▇▇▇eet Fund II(R), a series of Oppenheimer Principal Protect▇▇ ▇▇▇▇▇ II By: /s/ Robert G. Zack ________________________ Robert G. Zack, Vice Presiden▇ & ▇▇▇▇▇▇▇▇▇ OppenheimerFunds Distributor, Inc.
Disclaimer of Shareholder and Trustee Liability. The Distributor -------------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇in Street Fund III a series of Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇ust III By: /s/ Robert G. Zack -------------------------------------- Robert G. Zack Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ------------------------------------------ James H. Ruff, President & ▇▇▇▇▇▇▇▇ Distribution and Service Plan and Agreement with OppenheimerFunds Distributor, Inc. For Class C Shares of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇ Street Fund III(R) a series of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇▇ III This Distribution and Service Plan and Agreement (the "Plan") is dated as of the 28th day of June, 2004, by and between Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇▇n Street Fund III (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").
Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Fund By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇ ________________________________________ ▇▇▇▇▇▇ ▇. ▇▇▇▇, Secretary OppenheimerFunds Distributor, Inc.