Trust Not a Partnership. It is hereby expressly declared that a trust and not a partnership is created hereby. All persons extending credit to, contracting with or having any claim against the Trust or any Class shall look only to the assets of the Trust or such Class for payment under such credit, contract or claim; and neither the Shareholders nor the Trustees, nor any of the Trust’s officers, employees or agents, whether past, present or future, shall be personally liable therefor.
Appears in 66 contracts
Sources: Trust Agreement (CIBC Private Lending Strategies), Agreement and Declaration of Trust (LibreMax Asset-Backed Income Fund), Trust Agreement (LibreMax Asset Backed Income Fund)
Trust Not a Partnership. It is hereby expressly declared that a trust and not a partnership is created hereby. All persons extending credit to, contracting with or having any claim against the Trust or any Class shall look only to the assets of the Trust or such Class for payment under such credit, contract or claim; and neither the Shareholders nor the Trustees, nor any of the Trust’s Trusts officers, employees or agents, whether past, present or future, shall be personally liable therefor.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Kingsbarn Parallel Income Fund)