Matters Relating to any Lender that is a series of a Massachusetts Business Trust. For any Lender that is a series of a Massachusetts Business Trust, it is expressly agreed that the obligations of the Lender hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Lender personally, but shall bind only the trust property of the Lender. 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 Lender, 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 them personally, but shall bind only the trust property of the Lender as provided in the Lender’s Declaration of Trust.
Appears in 2 contracts
Sources: Securities Lending Agreement (Jp Morgan Mutual Fund Investment Trust), Securities Lending Agreement (Jp Morgan Fleming Mutual Fund Group Inc)
Matters Relating to any Lender that is a series of a Massachusetts Business Trust. For any Lender that is a series of a Massachusetts Business Trust, it is expressly agreed that the obligations of the Lender hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Lender personally, but shall bind only the trust property of the Lender. 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 Lender, 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 them personally, but shall bind only the trust property of the Lender as provided in the Lender’s 's Declaration of Trust.
Appears in 1 contract