Common use of Indemnification by the Administrator Clause in Contracts

Indemnification by the Administrator. The Administrator shall indemnify the Fund and hold it harmless from and against any and all losses, damages and expenses, including reasonable attorneys' fees and expenses, incurred by the Fund which result from: (i) the Administrator's failure to comply with the terms of this Agreement; or (ii) the Administrator's lack of good faith in performing its obligations hereunder; or (iii) the Administrator's negligence or misconduct or that of its employees, agents or contractors in connection herewith. The Fund shall not be entitled to such indemnification in respect of actions or omissions constituting negligence or misconduct on the part of the Fund or its employees, agents or contractors other than the Administrator unless such negligence or misconduct results from or is accompanied by negligence or misconduct on the part of the Administrator, any affiliated person of the Administrator, or any affiliated person of an affiliated person of the Administrator. Before confessing any claim against it which may be subject to indemnification hereunder, the Fund shall give the Administrator reasonable opportunity to defend against such claim in its own name or in the name of the Fund.

Appears in 25 contracts

Samples: Administration Agreement (RMK Strategic Income Fund Inc), Administration Agreement (Neuberger Berman Intermediate Municipal Fund Inc), Neuberger Berman Real (Neuberger Berman Real Estate Securities Income Fund Inc)

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Indemnification by the Administrator. The Administrator shall indemnify the each Fund and hold it harmless from and against any and all losses, damages and expenses, including reasonable attorneys' fees and expenses, incurred by the such Fund which result from: from (i) the Administrator's ’s failure to comply with the terms of this AgreementAgreement with respect to such Fund; or (ii) the Administrator's ’s lack of good faith in performing its obligations hereunderhereunder with respect to such Fund; or (iii) the Administrator's ’s negligence or misconduct or that of its employees, agents or contractors in connection herewithherewith with respect to such Fund. The A Fund shall not be entitled to such indemnification in respect of actions or omissions constituting negligence or misconduct on the part of the that Fund or its employees, agents or contractors other than the Administrator Administrator, unless such negligence or misconduct results from or is accompanied by negligence or misconduct on the part of the Administrator, any affiliated person of the Administrator, or any affiliated person of an affiliated person of the Administrator. Before confessing any claim against it which may be subject to indemnification hereunder, the a Fund shall give the Administrator reasonable opportunity to defend against such claim in its own name or in the name of the Fund.

Appears in 18 contracts

Samples: Administration Agreement (JNL Investors Series Trust), Administration Agreement (PPM Funds), Administration Agreement (PPM Funds)

Indemnification by the Administrator. The Administrator shall indemnify the Fund and hold it harmless from and against any and all losses, damages and expenses, including reasonable attorneys' fees and expenses, incurred by the Fund which result from: (i) the Administrator's ’s failure to comply with the terms of this Agreement; or (ii) the Administrator's ’s lack of good faith in performing its obligations hereunder; or (iii) the Administrator's ’s negligence or misconduct or that of its employees, agents or contractors in connection herewith. The Fund shall not be entitled to such indemnification in respect of actions or omissions constituting negligence or misconduct on the part of the Fund or its employees, agents or contractors other than the Administrator unless such negligence or misconduct results from or is accompanied by negligence or misconduct on the part of the Administrator, any affiliated person of the Administrator, or any affiliated person of an affiliated person of the Administrator. Before confessing any claim against it which may be subject to indemnification hereunder, the Fund shall give the Administrator reasonable opportunity to defend against such claim in its own name or in the name of the Fund.

Appears in 6 contracts

Samples: Administration Agreement (Neuberger Berman High Yield Strategies Fund Inc.), Administration Agreement (Neuberger Berman High Yield Strategies Fund Inc.), Administration Agreement (Neuberger Berman Real Estate Securities Income Fund Inc)

Indemnification by the Administrator. The Administrator shall indemnify the Fund and hold it harmless from and against any and all losses, damages and expenses, including reasonable attorneys' fees and expenses, incurred by the Fund which result from: (i) the Administrator's failure to comply with the terms of this Agreement; or (ii) the Administrator's lack of good faith in performing its obligations hereunder; or (iii) the Administrator's negligence or misconduct or that of its employees, agents or contractors in connection herewith. The Fund shall not be entitled to such indemnification in respect of actions or omissions constituting negligence or misconduct on the part of the Fund or its employees, agents or contractors other than the Administrator unless such negligence or misconduct results from or is accompanied by negligence or misconduct on the part of the Administrator, any affiliated person of the Administrator, or any affiliated person of an affiliated person of the Administrator. Before confessing any claim against it it, which may be subject to indemnification hereunder, the Fund shall give the Administrator reasonable opportunity to defend against such claim in its own name or in the name of the Fund.

Appears in 2 contracts

Samples: Administration Agreement (Morgan Keegan Select Fund Inc), Administration Agreement (Regions Morgan Keegan Select Funds)

Indemnification by the Administrator. The Administrator shall indemnify the Fund Company and hold it harmless from and against any and all losses, damages and expenses, including reasonable attorneys' fees and expenses, incurred by the Fund Company which result from: (i) the Administrator's failure to comply with the terms of this Agreement; or (ii) the Administrator's lack of good faith in performing its obligations hereunder; or (iii) the Administrator's negligence or misconduct or that of its employees, agents or contractors in connection herewith. The Fund Company shall not be entitled to such indemnification in respect of actions or omissions constituting negligence or misconduct on the part of the Fund Company or its employees, agents or contractors other than the Administrator unless such negligence or misconduct results from or is accompanied by negligence or misconduct on the part of the Administrator, any affiliated person of the Administrator, or any affiliated person of an affiliated person of the Administrator. Before confessing any claim against it it, which may be subject to indemnification hereunder, the Fund Company shall give the Administrator reasonable opportunity to defend against such claim in its own name or in the name of the FundCompany.

Appears in 1 contract

Samples: Administration Agreement (Morgan Keegan Select Fund Inc)

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Indemnification by the Administrator. The Administrator shall indemnify the Fund and hold it harmless from and against any and all losses, damages and expenses, including reasonable attorneys' fees and expenses, incurred by the Fund which result from: (i) the Administrator's failure to comply with the terms of this Agreement; or (ii) the Administrator's lack of good faith in performing its obligations hereunder; or (iii) the Administrator's negligence or misconduct or that of its employees, agents or contractors in connection herewith. The Fund shall not be entitled to such indemnification in respect of actions or omissions constituting negligence or misconduct on the part of the Fund or its employees, agents or contractors other than the Administrator unless such negligence or misconduct results from or is accompanied by negligence or misconduct on the part of the Administrator, any affiliated person of the Administrator, or any affiliated person of an affiliated person of the Administrator. Before confessing any claim against it which that may be subject to indemnification hereunder, the Fund shall give the Administrator reasonable opportunity to defend against such claim in its own name or in the name of the Fund.

Appears in 1 contract

Samples: Administration Agreement (RMK Advantage Income Fund, Inc.)

Indemnification by the Administrator. The Administrator shall indemnify the Fund Trust and hold it harmless from and against any and all losses, damages and expenses, including reasonable attorneys' fees and expenses, incurred by the Fund Trust which result from: (i) the Administrator's failure to comply with the terms of this Agreement; or (ii) the Administrator's lack of good faith in performing its obligations hereunder; or (iii) the Administrator's negligence or misconduct or that of its employees, agents or contractors in connection herewith. The Fund Trust shall not be entitled to such indemnification in respect of actions or omissions constituting negligence or misconduct on the part of the Fund Trust or its employees, agents or contractors other than the Administrator unless such negligence or misconduct results from or is accompanied by negligence or misconduct on the part of the Administrator, any affiliated person of the Administrator, or any affiliated person of an affiliated person of the Administrator. Before confessing any claim against it it, which may be subject to indemnification hereunder, the Fund Trust shall give the Administrator reasonable opportunity to defend against such claim in its own name or in the name of the FundTrust.

Appears in 1 contract

Samples: Administration Agreement (Regions Morgan Keegan Select Funds)

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