Common use of Expenses and Indemnification Clause in Contracts

Expenses and Indemnification. (a) The Fund shall upon demand either, as the Purchaser may require, pay in the first instance or reimburse the Purchaser (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the Purchaser in connection with the enforcement of or preservation of rights under this Agreement. The Fund shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the Purchaser, unless the Purchaser shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 26 contracts

Samples: Series B Munifund Preferred Shares (Wells Fargo & Company/Mn), Series a Munifund Preferred Shares (Bank of America Corp /De/), Term Preferred Shares Purchase Agreement (Bank of America Corp /De/)

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Expenses and Indemnification. (a) The Fund Issuer shall upon demand either, as the Purchaser may require, pay in the first instance or reimburse the Purchaser (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the Purchaser in connection with the enforcement of or preservation of rights under this Agreement. The Fund Issuer shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the Purchaser, unless the Purchaser shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the FundIssuer.

Appears in 16 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

Expenses and Indemnification. (a) The Fund shall upon demand either, as the Purchaser Xxxxx Fargo may require, pay in the first instance or reimburse the Purchaser Xxxxx Fargo (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the Purchaser Xxxxx Fargo in connection with the enforcement of or preservation of rights under this Agreement. The Fund shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the PurchaserXxxxx Fargo, unless the Purchaser Xxxxx Fargo shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 12 contracts

Samples: VMTP Purchase and Exchange Agreement (Wells Fargo & Company/Mn), VMTP Purchase and Exchange Agreement (Wells Fargo & Company/Mn), VMTP Purchase Agreement (Wells Fargo & Company/Mn)

Expenses and Indemnification. (a) The Fund Issuer shall upon demand either, as the Purchaser Purchasers may require, pay in the first instance or reimburse the such Purchaser (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the such Purchaser in connection with the enforcement of or preservation of rights under this Agreement. The Fund Issuer shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the PurchaserPurchasers, unless the any Purchaser shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the FundIssuer.

Appears in 7 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

Expenses and Indemnification. (a) The Fund shall upon demand either, as the each Purchaser may require, pay in the first instance or reimburse the such Purchaser (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the such Purchaser in connection with the enforcement of or preservation of rights under this Agreement. The Fund shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the PurchaserPurchasers, unless the any Purchaser shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 4 contracts

Samples: VMTP Purchase and Exchange Agreement (Wells Fargo & Company/Mn), VMTP Purchase and Exchange Agreement (Bank of America Corp /De/), Purchase Agreement (Wells Fargo & Company/Mn)

Expenses and Indemnification. (a) The Fund shall upon demand either, as the Purchaser Xxxxx Fargo may require, pay in the first instance or reimburse the Purchaser Xxxxx Fargo (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the Purchaser Xxxxx Fargo in connection with the enforcement of or preservation of rights under this Agreement. The Fund shall not be responsible under this Section 7.3(a8.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the PurchaserXxxxx Fargo, unless the Purchaser Xxxxx Fargo shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 4 contracts

Samples: Exchange Agreement (Wells Fargo & Company/Mn), Exchange Agreement (Wells Fargo & Company/Mn), Exchange Agreement (Wells Fargo & Company/Mn)

Expenses and Indemnification. (a) The Fund shall upon demand either, as the Purchaser Xxxxx Fargo may require, pay in the first instance or reimburse the Purchaser Xxxxx Fargo (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the Purchaser Xxxxx Fargo in connection with the enforcement of or preservation of rights under this Agreement. The Fund shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the Purchasereach Xxxxx Fargo, unless the Purchaser Xxxxx Fargo shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 1 contract

Samples: VMTP Purchase Agreement (Wells Fargo & Company/Mn)

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Expenses and Indemnification. (a) The Fund shall upon demand either, as the each Purchaser may require, pay in the first instance or reimburse the such Purchaser (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the such Purchaser in connection with the enforcement of or preservation of rights under this Agreement. The Fund shall not be responsible under this Section 7.3(a8.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the PurchaserPurchasers, unless the any Purchaser shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 1 contract

Samples: Exchange Agreement (Wells Fargo & Company/Mn)

Expenses and Indemnification. (a) The Fund shall upon demand either, as the Purchaser may require, either pay in the first instance or reimburse the Purchaser (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the Purchaser in connection with the enforcement of or preservation of rights under this Agreement. The Fund shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the Purchaser, unless the Purchaser shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 1 contract

Samples: VMTP Purchase Agreement (Wells Fargo & Company/Mn)

Expenses and Indemnification. (a) The Fund shall upon demand either, as the Purchaser Xxxxx Fargo may require, pay in the first instance or reimburse the Purchaser Xxxxx Fargo (to the extent that payments for the following items are not made under the other provisions hereof) for all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel, and reasonable consulting, accounting, appraisal, investment banking, and similar professional fees and charges) incurred by the Purchaser Xxxxx Fargo in connection with the enforcement of or preservation of rights under this Agreementthe Related Documents. The Fund shall not be responsible under this Section 7.3(a) for the fees and costs of more than one law firm in any one jurisdiction with respect to any one proceeding or set of related proceedings for the PurchaserXxxxx Fargo, unless the Purchaser Xxxxx Fargo shall have reasonably concluded that there are legal defenses available to it that are different from or additional to those available to the Fund.

Appears in 1 contract

Samples: VMTP Exchange Agreement (Wells Fargo & Company/Mn)

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