Common use of LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS Clause in Contracts

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. The obligations of the 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 or representatives of the Trust personally, but bind only the assets of the Trust, and all persons dealing with any series and/or class of Shares of the Trust must look solely to the assets of the Trust belonging to such series and/or class for the enforcement of any claims against the Trust. The execution and delivery of this Agreement have been authorized by the Trustees, and this Agreement has been signed and delivered by an authorized officer of the Trust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust as provided in the Trust’s Declaration of Trust or charter.

Appears in 5 contracts

Sources: Distribution Agreement (JPMorgan Trust IV), Distribution Agreement (JPMorgan Trust III), Distribution Agreement (One Group Investment Trust)

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. The Declaration of Trust, establishing the Trust, which is hereby referred to and a copy of which is on file with the Secretary of The Commonwealth of Massachusetts, provides that the Trust means the Trustees from time to time serving (as Trustees but not personally) under such Declaration of Trust. It is expressly acknowledged and agreed that the obligations of the Trust entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made hereunder shall not individually, but in such capacities, and are not be binding upon any of the shareholders, Trustees, Shareholders officers, employees or representatives of the Trust personally, but bind only the assets agents of the Trust, and all persons dealing with any series and/or class of Shares personally, but shall bind only the trust property of the Trust must look solely to the assets Trust, as provided in its Declaration of the Trust belonging to such series and/or class for the enforcement of any claims against the Trust. The execution and delivery of this Agreement have been authorized by the Trustees, Trustees of the Trust and this Agreement has been signed and delivered by an authorized officer of the Trust, acting as such, and neither such authorization by the such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust as provided in the Trust’s its Declaration of Trust or charterTrust.

Appears in 4 contracts

Sources: Administration Agreement (SPDR INDEX SHARES FUNDS (Formerly streetTRACKS Index Shares Funds)), Administration Agreement (SPDR Series Trust), Administration Agreement (SSGA Active Trust)

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. The obligations of the 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 or representatives of the Trust personally, but bind only the assets of the Trust, and all persons dealing with any series and/or class of Shares of the Trust must look solely to the assets of the Trust belonging to such series and/or class for the enforcement of any claims against the Trust. The execution and delivery of this Agreement have been authorized by the Trustees, and this Agreement has been signed and delivered by an authorized officer of the Trust, acting as such, and neither such authorization by the Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust as provided in the Trust’s 's Declaration of Trust or charter.

Appears in 3 contracts

Sources: Distribution Agreement (Jp Morgan Series Trust Ii), Distribution Agreement (Jp Morgan Mutual Fund Series), Distribution Agreement (Jp Morgan Fleming Mutual Fund Group Inc)

LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS. The term Domini Social Index [Portfolio] means and refers to the Trustees from time to time serving under the Declaration of Trust, as the same may subsequently thereto have been, or subsequently hereto be, amended. It is expressly agreed that the obligations of the Trust entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made [F]und hereunder shall not individually, but in such capacities, and are not be binding upon any of the Trustees, Shareholders [s]hareholders, nominees, officers, agents or representatives employees of the Trust Fund, personally, but bind only the assets and property of the TrustFund, and all persons dealing with any series and/or class as provided in the Declaration of Shares Trust of the Trust must look solely to the assets of the Trust belonging to such series and/or class for the enforcement of any claims against the TrustFund. The execution and delivery of this Agreement have has been authorized by the Trustees, Trustees of the Fund and this Agreement has been signed and delivered by an authorized officer of the TrustFund, acting as such, and neither such authorization by the such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust assets and property of the Trust Fund as provided in the Trust’s [in] its Declaration of Trust or charterTrust.

Appears in 1 contract

Sources: Custodian Agreement (Domini Social Index Portfolio)