Common use of Indemnification of Shareholders Clause in Contracts

Indemnification of Shareholders. In case any Shareholder or former Shareholder of the Trust shall be held to be personally liable solely by reason of his being or having been a Shareholder of the Trust or any Series or Class and not because of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators or other legal representatives, or, in the case of a corporation or other entity, its corporate or general successor) shall be entitled, out of the assets belonging to the applicable Series, to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall upon request by the Shareholder, assume the defense of any such claim made against the Shareholder for any act or obligation of that Series.

Appears in 13 contracts

Samples: Agreement (Forward Funds), Agreement and Declaration (Forward Funds), Agreement and Declaration (Forward Funds)

AutoNDA by SimpleDocs

Indemnification of Shareholders. In case (a) If any Shareholder or former Shareholder of the Trust (as opposed to a Shareholder or former Shareholder of any Series) shall be held to be personally liable solely by reason of his being or having been a Shareholder of the Trust or any Series or Class and not because of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators or other legal representatives, or, representatives or in the case of a corporation or other any entity, its corporate or general successor) shall be entitled, entitled out of the assets belonging to the applicable Series, Trust to be held harmless from and indemnified against all loss and expense arising from such liability. The TrustTrust shall, on behalf of the affected Series, shall upon request by the such Shareholder, assume the defense of any such claim made against the such Shareholder for any act or obligation of that the Trust and satisfy any judgment thereon from the assets of the Series.

Appears in 9 contracts

Samples: Agreement and Declaration of Trust (Miller/Howard High Income Equity Fund), Agreement and Declaration of Trust (Miller/Howard High Income Equity Fund), Agreement and Declaration of Trust (Cushing Renaissance Fund)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust any Series shall be held to be personally liable solely by reason of his being or having been a Shareholder of the Trust or any Series or Class such Series, and not because of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators or other legal representatives, or, representatives or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled, entitled out of the assets belonging to the applicable Series, Series to be held harmless from and indemnified against all loss and expense arising from such liability. The TrustCompany, on behalf of the affected Series, shall shall, upon request by the Shareholder, assume the defense of any such claim made against the Shareholder for any act or obligation of that such Series and satisfy any judgment thereon from the assets of such Series.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust shall be any Series is held to be personally liable for the debts, obligations or liabilities of such Series solely by reason of his or her being or having been a Shareholder of the Trust or any Series or Class and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives, representatives or, in the case of a corporation or other any entity, its corporate or general successor) shall be entitled, entitled out of the assets belonging held with respect to the applicable Series, Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall shall, upon request by the such Shareholder or former Shareholder, assume the defense of any such claim made against the Shareholder him or her for any act or obligation of that the Series and satisfy any judgment thereon from the assets held with respect to the Series.

Appears in 5 contracts

Samples: Advisors Funds (Waddell & Reed Advisors Funds), Agreement and Declaration (Ivy Variable Insurance Portfolios), Agreement and Declaration (Milliman Variable Insurance Trust)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust shall be any Series is held to be personally liable solely by reason of his or her being or having been a Shareholder of the Trust or any Series or Class and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives, representatives or, in the case of a corporation or other any entity, its corporate or general successor) shall be entitled, entitled out of the assets belonging to the applicable Series (or the Trust in the event a Shareholder holds Shares of the Trust and not a Series, ) to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall shall, upon request by the such Shareholder or former Shareholder, assume the defense of any such claim made against the Shareholder him or her for any act or obligation of that the Series and satisfy any judgment thereon from the assets belonging to the Series.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (American Century Etf Trust), Agreement and Declaration of Trust (Putnam ETF Trust), Agreement and Declaration of Trust (Putnam ETF Trust)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust shall be any Series is held to be personally liable for the debts, obligations of liabilities of such Series solely by reason of his or her being or having been a Shareholder of the Trust or any Series or Class and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives, representatives or, in the case of a corporation or other any entity, its corporate or general successor) shall be entitled, entitled out of the assets belonging to the applicable Series, Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall shall, upon request by the such Shareholder or former Shareholder, assume the defense of any such claim made against the Shareholder him or her for any act or obligation of that the Series and satisfy any judgment thereon from the assets belonging to the Series.

Appears in 5 contracts

Samples: Agreement and Declaration (HSBC Funds), Agreement and Declaration of Trust (Harvest Volatility Edge Trust), Agreement and Declaration of Trust (North Square Investments Trust)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust shall be any Series is held to be personally liable solely by reason of his or her being or having been a Shareholder of the Trust or any Series or Class and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives, representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled, entitled out of the assets belonging to the applicable Series, Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall upon request by the such Shareholder or former Shareholder, shall assume the defense of any such claim made against the Shareholder him or her for any act or obligation of that the Trust or applicable Series.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (American Beacon Apollo Total Return Fund), Agreement and Declaration (American Beacon Institutional Funds Trust), Agreement and Declaration of Trust (American Beacon Apollo Total Return Fund)

Indemnification of Shareholders. In case any Shareholder or former Shareholder of the Trust any Series shall be held to be personally liable solely by reason of his being or having been a Shareholder of the Trust or any such Series or Class and not because of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators administrators, or other legal representatives, or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled, out of the assets belonging to the applicable Series, to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall assume, upon request by the Shareholder, assume the defense of any such claim made against the Shareholder for any act or obligation of that the Series and satisfy any judgment thereon from the assets of the Series.

Appears in 2 contracts

Samples: Agreement and Declaration (Us Global Investors Funds), Advisorshares Trust (AdvisorShares Trust)

Indemnification of Shareholders. In case any Shareholder or former Shareholder of the Trust shall be held to be personally liable solely by reason of his being or having been a Shareholder of the Trust or any Series or Class and not because of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators or other legal representatives, or, in the case of a corporation or other entity, its corporate or general successor) shall be entitled, out of the assets belonging to of the applicable SeriesTrust, to be held harmless from and indemnified against all loss and expense arising from such liabilityliability in accordance with the Bylaws and applicable law. The Trust, on behalf of the affected Series, Trust shall upon request by the Shareholder, assume the defense of any such claim made against the Shareholder for any act or obligation of that Series.the Trust. ARTICLE IX

Appears in 2 contracts

Samples: Bancroft Fund LTD, Ellsworth Fund LTD

AutoNDA by SimpleDocs

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust shall be any Series is held to be personally liable solely by reason of his or her being or having been a Shareholder of the Trust or any Series or Class and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives, representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled, entitled out of the assets belonging to the applicable Series, Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall upon request by the such Shareholder or former Shareholder, shall assume the defense of any such claim made against the Shareholder him or her for any act or obligation of that the Trust or applicable Series.. ARTICLE VIII

Appears in 2 contracts

Samples: Agreement and Declaration (American Beacon Sound Point Enhanced Income Fund), Agreement and Declaration (American Beacon Apollo Total Return Fund)

Indemnification of Shareholders. In case any Shareholder or former Shareholder of the Trust shall be held to be personally liable solely by reason of his being or having been a Shareholder of the Trust or any Series or Class Portfolio and not because of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators or other legal representatives, or, in the case of a corporation or other entity, its corporate or general successor) shall be entitled, out of the assets belonging to the applicable SeriesPortfolio, to be held harmless from and indemnified against all loss and expense arising from such liabilityliability in accordance with the Bylaws and applicable law. The Trust, on behalf of the affected SeriesPortfolio, shall upon request by the Shareholder, assume the defense of any such claim made against the Shareholder for any act or obligation of that SeriesPortfolio.

Appears in 2 contracts

Samples: Agreement and Declaration (PBHG Insurance Series Fund Inc), Agreement and Declaration (Old Mutual Insurance Series Fund)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust or any Series of the Trust or any Class thereof shall be held to be personally liable solely by reason of his being or having been a Shareholder of the Trust or any Series or Class and not because of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators or other legal representatives, or, representatives or in the case of a corporation or other any entity, its corporate or general successor) shall be entitled, entitled out of the assets belonging to the applicable Series, Series to be held harmless from and indemnified to the maximum extent permitted by law against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall shall, upon request by the such Shareholder, assume the defense of any such claim made against the such Shareholder for any act or obligation of that the Series and satisfy any judgment thereon from the assets of the Series.

Appears in 1 contract

Samples: Capital Funds Trust ____________________________________________ Agreement (Baron Capital Funds Trust)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust shall be any Series is held to be personally liable solely by reason of his or her being or having been a Shareholder of the Trust or any Series or Class and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives, representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled, entitled out of the assets belonging to the applicable Series, Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall upon request by the such Shareholder or former Shareholder, assume the defense of any such claim made against the Shareholder him or her for any act or obligation of that the Trust or applicable Series.

Appears in 1 contract

Samples: Agreement and Declaration (American Beacon Institutional Funds Trust)

Indemnification of Shareholders. In case If any Shareholder or former Shareholder of the Trust shall be held exposed to be personally liable solely liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust or any Series or Class Trust, and not because of his such Person’s acts or omissions or for some other reasonomissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or his her heirs, executors, administrators administrators, or other legal representatives, ; or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled, out of the assets belonging to the applicable Series, entitled to be held harmless from and indemnified out of the assets of the Trust against all loss and expense arising from such liability. The Trustclaim or demand; provided, on behalf of the affected Serieshowever, there shall upon request by the Shareholder, assume the defense of any such claim made against the Shareholder for any act be no liability or obligation of that Seriesthe Trust arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s ownership of any Shares.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Lind Capital Partners Municipal Credit Income Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.