Common use of Disabling Conduct Clause in Contracts

Disabling Conduct. The Director shall be indemnified pursuant to this Section 2 against any Expenses reasonably incurred unless the Director incurred such Expenses by reason of the Director’s willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in Section 17(h) of the Investment Company Act of 1940, as amended (“Disabling Conduct”).

Disabling Conduct. The Director shall be indemnified pursuant to this Section 2 1 against any and all Expenses reasonably incurred unless the Director incurred is subject to such Expenses by reason of the Director’s 's willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in for purposes of Section 17(h) of the Investment Company Act of 1940, as amended (“"Disabling Conduct”").

Disabling Conduct. The Director shall be indemnified pursuant to this Section 2 against any Expenses reasonably incurred unless the Director incurred such Expenses by reason of the Director’s 's willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in Section 17(h) of the Investment Company Act of 1940, as amended (“"Disabling Conduct”").