Common use of IMCO Clause in Contracts

IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which Renaissance, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pe▇▇▇▇▇ ▇▇ereof (as described in Section 15 of the 1933 Act) (collectively, Renaissance 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 gross negligence, willful misfeasance, bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or

IMCO. IMCO shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which Renaissance, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pe▇▇▇▇▇▇▇ ▇▇ereof thereof (as described in Section 15 of the 1933 Act) (collectively, Renaissance 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 gross negligence, willful misfeasancemisfeasance , bad faith or reckless disregard by IMCO in the performance of any of its duties or obligations hereunder or