IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which Batterymarch, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pers▇▇▇ ▇▇▇▇eof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished to IMCO or the Company. IMCO shall indemnify and hold harmless Batterymarch Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Batterymarch must obtain IMCO's prior written consent to any settlement or compromise relating to a claim that would otherwise fall under this provision.
Appears in 3 contracts
Sources: Investment Subadvisory Agreement (Usaa Mutual Fund Inc), Investment Advisory Agreement (Usaa Mutual Fund Inc), Interim Investment Advisory Agreement (Usaa Mutual Fund Inc)
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which BatterymarchOFI, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling persper▇▇▇▇ ▇▇▇▇eof reof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch OFI Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished in writing to IMCO or the Company. IMCO shall indemnify and hold harmless Batterymarch OFI Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Batterymarch must obtain ; PROVIDED, HOWEVER, that in no case shall IMCO's prior written consent indemnity hereunder be deemed to protect a person against any settlement or compromise relating liability to a claim that which any such person would otherwise fall be subject by reason of willful misconduct, bad faith or gross negligence in the performance of its duties under this provisionAgreement.
Appears in 2 contracts
Sources: Investment Subadvisory Agreement (Usaa Mutual Fund Inc), Management Agreement (Usaa Mutual Funds Trust)
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which Batterymarch, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling persper▇▇▇▇ ▇▇▇▇eof reof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished to IMCO or the CompanyTrust. IMCO shall indemnify and hold harmless Batterymarch Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Such Batterymarch Indemnities must obtain IMCO's prior written consent to any settlement or compromise relating to a claim that would otherwise fall under this provision.
Appears in 1 contract
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which BatterymarchCredit Suisse, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pers▇▇▇ ▇▇▇▇eof ▇▇▇ thereof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch Credit Suisse Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished in writing to IMCO or the CompanyTrust. IMCO shall indemnify and hold harmless Batterymarch Credit Suisse Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Batterymarch must obtain ; provided, however, that in no case shall IMCO's prior written consent indemnity hereunder be deemed to protect a person against any settlement or compromise relating liability to a claim that which any such person would otherwise fall be subject by reason of willful misconduct, bad faith or gross negligence in the performance of its duties under this provisionAgreement.
Appears in 1 contract
Sources: Investment Subadvisory Agreement (Usaa Mutual Funds Trust)
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which BatterymarchDresdner, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pers▇▇▇ ▇▇▇▇eof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch Dresdner Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished to IMCO or the CompanyTrust. IMCO shall indemnify and hold harmless Batterymarch Dresdner Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Batterymarch must obtain IMCO's prior written consent to any settlement or compromise relating to a claim that would otherwise fall under this provision.
Appears in 1 contract
Sources: Investment Advisory Agreement (Usaa Investment Trust)
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which BatterymarchMarsico, any affiliated persons thereof ▇▇▇▇▇▇f (within the meaning of the 1940 Act) and any controlling pers▇▇▇ ▇▇▇▇eof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch IndemnitiesMarsico Indemnitees) may become subject under su▇▇▇▇▇ ▇nder the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made primarily in reliance upon information furnished to IMCO or the Company. IMCO shall indemnify and hold harmless Batterymarch Indemnities Marsico Indemnitees for any and all such ▇▇▇ ▇▇ch losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Batterymarch must obtain IMCO's prior written consent to any settlement or compromise relating to a claim that would otherwise fall under this provision.
Appears in 1 contract
Sources: Interim Investment Advisory Agreement (Usaa Mutual Fund Inc)
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which Batterymarch, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pers▇▇▇ ▇▇▇▇eof persons thereof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished to IMCO or the Company. IMCO shall indemnify and hold harmless Batterymarch Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Batterymarch must obtain IMCO's prior written consent to any settlement or compromise relating to a claim that would otherwise fall under this provision.
Appears in 1 contract
Sources: Interim Investment Subadvisory Agreement (Usaa Mutual Fund Inc)
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which BatterymarchOFI, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pers▇▇▇ ▇▇▇▇eof persons thereof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch OFI Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished in writing to IMCO or the Company. IMCO shall indemnify and hold harmless Batterymarch OFI Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Batterymarch must obtain ; PROVIDED, HOWEVER, that in no case shall IMCO's prior written consent indemnity hereunder be deemed to protect a person against any settlement or compromise relating liability to a claim that which any such person would otherwise fall be subject by reason of willful misconduct, bad faith or gross negligence in the performance of its duties under this provisionAgreement.
Appears in 1 contract
Sources: Investment Subadvisory Agreement (Usaa Mutual Fund Inc)
IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which Batterymarch, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling persper▇▇▇▇ ▇▇▇▇eof reof (as described in Section 15 of the 1933 Act) (collectively, Batterymarch Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to IMCO which was required to be stated therein or necessary to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished to IMCO or the Company. IMCO shall indemnify and hold harmless Batterymarch Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). Such Batterymarch Indemnities must obtain IMCO's prior written consent to any settlement or compromise relating to a claim that would otherwise fall under this provision.
Appears in 1 contract