Common use of Representative Capacity; Nonrecourse Obligations Clause in Contracts

Representative Capacity; Nonrecourse Obligations. The Custodian agrees that any claims by it against a Fund under this Agreement may be satisfied only from the assets of such Fund; that the person executing this Agreement has executed it on behalf of the Fund and not individually, and that the obligations of the Fund arising out of this Agreement are not binding upon such person or the Fund's shareholders individually but are binding only upon the assets and property of the Fund; and that no shareholders, directors/trustees or officers of the Fund may be held personally liable or responsible for any obligations of the Fund arising out of this Agreement.

Appears in 17 contracts

Sources: Master Custodian Agreement (DWS Variable Series I), Master Custodian Agreement (DWS Institutional Funds), Master Custodian Agreement (DWS Variable Series Ii)

Representative Capacity; Nonrecourse Obligations. The Custodian agrees that any claims by it against a the Fund under this Agreement may be satisfied only from the assets of such the Fund; that the person executing this Agreement has executed it on behalf of the Fund and not individually, and that the obligations of the Fund arising out of this Agreement are not binding upon such person or the Fund's shareholders individually but are binding only upon the assets and property of the Fund; and that no shareholders, directors/trustees directors or officers of the Fund may be held personally liable or responsible for any obligations of the Fund arising out of this Agreement.

Appears in 12 contracts

Sources: Custodian Agreement (DWS Advisor Funds), Custodian Agreement (Scudder New Europe Fund Inc), Custodian Agreement (Scudder International Fund Inc)

Representative Capacity; Nonrecourse Obligations. The Custodian agrees that any claims by it against a the Fund under this Agreement may be satisfied only from the assets of such the Fund; that the person executing this Agreement has executed it on behalf of the Fund and not individually, and that the obligations of the Fund arising out of this Agreement are not binding upon such person or the Fund's shareholders individually but are binding only upon the assets and property of the Fund; and that no shareholders, directors/trustees or officers of the Fund may be held personally liable or responsible for any obligations of the Fund arising out of this Agreement.

Appears in 3 contracts

Sources: Custodian Agreement (Scudder Variable Life Investment Fund/Ma/), Custodian Agreement (Aarp Growth Trust), Custodian Agreement (Scudder Variable Life Investment Fund/Ma/)

Representative Capacity; Nonrecourse Obligations. The ------------------------------------------------ Custodian agrees that any claims by it against a the Fund under this Agreement may be satisfied only from the assets of such the Fund; that the person executing this Agreement has executed it on behalf of the Fund and not individually, and that the obligations of the Fund arising out of this Agreement are not binding upon such person or the Fund's shareholders individually but are binding only upon the assets and property of the Fund; and that no shareholders, directors/trustees directors or officers of the Fund may be held personally liable or responsible for any obligations of the Fund arising out of this Agreement.

Appears in 1 contract

Sources: Custodian Agreement (Brazil Fund Inc)

Representative Capacity; Nonrecourse Obligations. The Custodian agrees that any claims by it against a Fund under this Agreement may be satisfied only from the assets of such Fund; that the person executing this Agreement has executed it on behalf of the Fund and not individually, and that the obligations of the Fund arising out of this Agreement are not binding upon such person or the Fund's ’s shareholders individually but are binding only upon the assets and property of the Fund; and that no shareholders, directors/trustees or officers of the Fund may be held personally liable or responsible for any obligations of the Fund arising out of this Agreement.

Appears in 1 contract

Sources: Master Custodian Agreement (DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.)