Separate Agreement; Separate Liability. Although the parties have executed this Agreement in the form of a Master Transfer Agency and Service Agreement for administrative convenience, this Agreement shall create a separate agreement for each management investment company identified on Schedule A hereto and for each Portfolio designated on Schedule A, as though each Fund had separately executed an identical transfer agency and service agreement for itself and for each of its Portfolios. No responsibilities of any Fund or Portfolio shall be attributed to any other Fund or Portfolio. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund or Portfolio are separate and distinct from the assets and liabilities of each other Fund or Portfolio and that no Fund or Portfolio shall be liable or shall be charged for any debt, obligation or liability of any other Fund or Portfolio, whether arising under the Agreement or otherwise.
Appears in 2 contracts
Sources: Master Transfer Agency and Service Agreement (American Beacon Apollo Total Return Fund), Master Transfer Agency and Service Agreement (American Beacon Sound Point Enhanced Income Fund)
Separate Agreement; Separate Liability. Although the parties have executed this Agreement in the form of a Master Transfer Agency and Service Custodian Agreement for administrative convenience, this Agreement shall create a separate agreement for each management investment company identified on Schedule A hereto and for each Portfolio designated on Schedule A, as though each Fund Trust had separately executed an identical transfer agency and service custodian agreement for itself and for each of its Portfolios. No responsibilities of any Fund Trust or Portfolio shall be attributed to any other Fund Trust or Portfolio. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund Trust or Portfolio are separate and distinct from the assets and liabilities of each other Fund Trust or Portfolio and that no Fund Trust or Portfolio shall be liable or shall be charged for any debt, obligation or liability of any other Fund Trust or Portfolio, whether arising under the Agreement or otherwise.. Information Classification: Limited Access
Appears in 1 contract
Sources: Custodian Agreement (American Beacon Sound Point Enhanced Income Fund)