Shareholder and Trustee Liability Disclaimer Sample Clauses

The Shareholder and Trustee Liability Disclaimer clause serves to limit or exclude the personal liability of shareholders and trustees for the obligations and debts of a company or trust. In practice, this clause clarifies that shareholders are only liable up to the amount unpaid on their shares, and trustees are not personally responsible for trust liabilities beyond the assets held in trust. By including this provision, the clause protects individuals from being personally pursued for company or trust debts, thereby encouraging investment and participation while clearly allocating financial risk.
Shareholder and Trustee Liability Disclaimer. The Distributor understands and agrees that the obligations of the Fund under this Plan are not binding upon any shareholder or Trustee of the Fund personally, but only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund.
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Shareholder and Trustee Liability Disclaimer. The Distributor understands and agrees that the obligations of the Fund under this Plan are not binding upon any shareholder or Trustee of the Fund personally, but only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder and Trustee liability for acts or obligations of the Fund. Mercury Advisors S&P 500 Index Fund By: ________________________________________ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Secretary OppenheimerFunds Distributor, Inc. By: ________________________________________ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ Vice President and Secretary MercuryAdvisorsS&P.12b1A DISTRIBUTION AND SERVICE PLAN AND AGREEMENT With OppenheimerFunds Distributor, Inc. For Class B Shares of Mercury Advisors S&P 500 Index Fund This Distribution and Service Plan and Agreement (the "Plan") is dated as of the 19th day of December, 2000, by and between Mercury Advisors S&P 500 Index Fund (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").
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Shareholder and Trustee Liability Disclaimer. The Distributor understands and agrees that the obligations --------------------------------------------- of the Fund under this Plan are not binding upon any shareholder or Trustee of the Fund personally, but only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer Real Estate Fund By: ____________________________________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: ____________________________________ Katherine P. Feld Vice President and Secretary DISTRIBUTION AND SERVICE PLAN AND AGREEMENT With OppenheimerFunds Distributor, Inc. For Class B Shares of Oppenheimer Real Estate Fund This D▇▇▇▇▇▇▇▇▇▇▇ and Service Plan and Agreement (the "Plan") is dated as of the 12th day of February, 2002, by and between Oppenheimer Real Estate Fund (the "Fu▇▇") ▇▇▇ ▇▇penheimerFunds Distributor, Inc. (the "Distributor").
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Related to Shareholder and Trustee Liability Disclaimer

  • Disclaimer of Shareholder and Trustee Liability The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund.

  • LIMITATION OF SHAREHOLDER AND TRUSTEE LIABILITY The Trustees of the Trust and the shareholders of the Fund shall not be liable for any obligations of the Trust or of the Fund under this Agreement, and the Sub-advisor agrees that, in asserting any rights or claims under this Agreement, it shall look only to the assets and property of the Trust or the Fund to which the Sub-advisor's rights or claims relate in settlement of such rights or claims, and not to the Trustees of the Trust or the shareholders of the Fund.

  • Limitation of Liability of Trustees and Shareholders The Adviser acknowledges the following limitation of liability:

  • LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund.

  • LIMITATION OF LIABILITY OF THE TRUSTEES AND SHAREHOLDERS A copy of the Agreement and Declaration of Trust of the Trust is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Trust as Trustees and not individually and that the obligations of this instrument are not binding upon any of the Trustees or shareholders individually but are binding only upon the assets and property of the Fund.