Common use of No Management or Control; Limited Liability Clause in Contracts

No Management or Control; Limited Liability. The Limited Owners shall not participate in the management or control of the Trust’s business nor shall they transact any business for the Trust or have the power to sign for or bind the Trust, said power being vested solely and exclusively in the Managing Owner. Except as provided in Section 8.3 hereof, no Limited Owner shall be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust in excess of his Capital Contribution plus his share of the Trust Estate and profits remaining in the Trust, if any. Except as provided herein, each Limited Interest owned by a Limited Owner shall be fully paid and no assessment shall be made against any Limited Owner. No salary shall be paid to any Limited Owner in his capacity as a Limited Owner, nor shall any Limited Owner have a drawing account or earn interest on his contribution.

No Management or Control; Limited Liability. The Limited Owners Owner shall not participate in the management or control of the TrustMaster Fund’s business nor shall they it transact any business for the Trust Master Fund or have the power to sign for or bind the TrustMaster Fund, said power being vested solely and exclusively in the Managing Owner. Except as provided in Section 8.3 hereof, no the Limited Owner shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Trust Master Fund in excess of his its Capital Contribution plus his its share of the any Trust Estate in which the Limited Owner owns a share and profits remaining in the Trustremaining, if any. Except as provided hereinin Section 8.3 hereof, each Limited Interest Share owned by a the Limited Owner shall be fully paid and no assessment shall be made against any the Limited Owner. No salary shall be paid to any the Limited Owner in his its capacity as a the Limited Owner, nor shall any the Limited Owner have a drawing account or earn interest on his its contribution.