Common use of Indemnification of Shareholders Clause in Contracts

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against all loss and expense arising from such claim or demand; provided, however, there shall be no liability or obligation of the Trust (or any particular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s ownership of any Shares.

Appears in 80 contracts

Samples: Agreement and Declaration of Trust (Kurv ETF Trust), And Restated Agreement (Destra Multi-Alternative Fund), And Restated Agreement (Destra Multi-Alternative Fund)

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Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against all loss and expense arising from such claim or demand; provided, however, there shall be no liability or obligation of the Trust (or any particular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares.

Appears in 49 contracts

Samples: Agreement and Declaration of Trust (BCM Focus Funds), Agreement and Declaration of Trust (Simplify Exchange Traded Funds), Agreement and Declaration (A3 Alternative Income Fund)

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from from, and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against against, all loss and expense arising from such claim or demand; provided, however, that there shall be no liability or obligation of the Trust (or any particular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares.

Appears in 6 contracts

Samples: Agreement and Declaration (Barrett Funds), Agreement and Declaration (Pennsylvania Avenue Funds), Agreement and Declaration (Fort Pitt Capital Funds)

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series)Series thereof, and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable such Series (thereof, as the case may be) , against all loss and expense arising from such claim or demand; providedPROVIDED, howeverHOWEVER, there shall be no liability or obligation of the Trust (or any particular Series) Series thereof arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares.

Appears in 3 contracts

Samples: Agreement and Declaration (Templeton Capital Accumulator Fund Inc), Agreement and Declaration (Assetmark Funds), Agreement and Declaration (Assetmark Funds)

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against all loss and expense arising from such claim or demand; providedPROVIDED, howeverHOWEVER, there shall be no liability or obligation of the Trust (or any particular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares.

Appears in 3 contracts

Samples: Agreement and Declaration (Lincoln National Aggressive Growth Fund Inc), Agreement and Declaration of Trust (New River Funds), Agreement and Declaration (Everest Funds)

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed beexposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder aShareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such PersonsuchPerson’s acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirsherheirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate itscorporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of assetsof the Trust or out of the assets of the applicable Series (as the case may be) against all loss and expense arising from arisingfrom such claim or demand; provided, however, there shall be no liability or obligation of the Trust (or any particular anyparticular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s ownership Shareholder’sownership of any Shares.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Elessar Funds Investment Trust), Agreement and Declaration of Trust (Elessar Funds Investment Trust)

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

Appears in 1 contract

Samples: Agreement and Declaration (Lincoln Funds Trust)

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or 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 to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against all loss and expense arising from such claim or demand; provided, however, there shall be no liability or obligation of the Trust (or any particular Series) 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 (E-Valuator Funds Trust)

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Indemnification of Shareholders. If any Shareholder or former ------------------------------- Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from from, and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against against, all loss and expense arising from such claim or demand; provided, however, that there shall be no liability ----------------- or obligation of the Trust (or any particular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares.

Appears in 1 contract

Samples: Agreement and Declaration (Ingenuity Capital Trust)

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against all loss and expense arising from such claim or demand; provided, however, there shall be no liability or obligation of the Trust (or any particular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares. The Trust, on behalf of the affected Series shall, upon request of the Shareholder, assume the defense of any claim made 1001299/4 13 against the Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets of the Series.

Appears in 1 contract

Samples: Agreement and Declaration (Lincoln Advisors Trust)

Indemnification of Shareholders. If any Shareholder or former -------------------------------- Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series)Series thereof, and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable such Series (thereof, as the case may be) , against all loss and expense arising from such claim or demand; provided, however, there shall be no liability or obligation of -------- ------- the Trust (or any particular Series) Series thereof arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares.

Appears in 1 contract

Samples: Agreement and Declaration (Wallace Funds)

Indemnification of Shareholders. If any Shareholder or former Shareholder shall be exposed to liability by reason of a claim or demand relating solely to his or her being or having been a Shareholder of the Trust (or by having been a Shareholder of a particular Series), and not because of such Person’s 's acts or omissions, the Shareholder or former Shareholder (or, in the case of a natural person, 13 his or her heirs, executors, administrators, or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified out of the assets of the Trust or out of the assets of the applicable Series (as the case may be) against all loss and expense arising from such claim or demand; provided, however, there shall be no liability or obligation of the Trust (or any particular Series) arising hereunder to reimburse any Shareholder for taxes paid by reason of such Shareholder’s 's ownership of any Shares.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (TriCor Strategic Allocation Fund)

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