Common use of Shareholders Clause in Contracts

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 102 contracts

Samples: Agreement and Declaration of Trust (PIMCO High Yield Municipal Income Fund), Agreement and Declaration of Trust (DoubleLine Income Solutions Fund), Agreement and Declaration of Trust (DoubleLine Yield Opportunities Fund)

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Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 by the Trust out of the Trust's property against all loss and expense arising from such liability.

Appears in 16 contracts

Samples: Agreement and Declaration of Trust (RMR Real Estate Income Fund), Agreement and Declaration of Trust (RMR Funds Series Trust), Agreement and Declaration of Trust (RMR Dividend Capture Fund)

Shareholders. Section 54. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 12 contracts

Samples: Agreement and Declaration of Trust (Putnam Municipal Opportunities Trust), Agreement and Declaration of Trust (Stein Roe Institutional Floating Rate Trust), Agreement and Declaration (Stein Roe Floating Rate Income Fund)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the Trust to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 7 contracts

Samples: Keystone Quality Bond Fund B-1, Keystone Mid Cap Growth Fund S-3, Keystone Custodian Fund Series K-2

Shareholders. Section 5SECTION 4. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 6 contracts

Samples: Agreement and Declaration of Trust (Colonial California Insured Municipal Fund), Agreement and Declaration of Trust (Premier California Municipal Income Fund), Agreement and Declaration of Trust (Colonial New York Insured Municipal Fund)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Versus Capital Infrastructure Income Fund), Agreement and Declaration of Trust (Versus Capital Real Asset Debt Fund), Agreement and Declaration of Trust (Versus Capital Infrastructure Income Fund)

Shareholders. Section SECTION 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Western Asset/Claymore Inflation-Protected Securities Fund), Agreement and Declaration of Trust (Western Asset/Claymore Inflation-Protected Securities Fund), Agreement and Declaration of Trust (Western Asset Claymore Us Treasury Inflation Pro Sec Fund 2)

Shareholders. Section 54. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the Trust to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 4 contracts

Samples: Agreement and Declaration (Putnam Voyager Fund), Agreement and Declaration (Putnam Health Sciences Trust), Agreement and Declaration of Trust (Putnam Global Growth Fund)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally ------------ liable solely by reason of his or her being or having been a Shareholder 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 or, 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 against all loss and expense arising from such liability.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Liberty Stein Roe Funds Income Trust), Agreement and Declaration of Trust (Liberty Stein Roe Funds Municipal Trust), And Restated Agreement and Declaration of Trust (Liberty Stein Roe Funds Municipal Trust)

Shareholders. Section 5. SECTION 5 In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Old Mutual/Claymore Long-Short Fund (f.k.a. Analytic Covered Call Plus Fund)), Agreement and Declaration of Trust (Old Mutual/Claymore Global Long-Short Fund), Agreement and Declaration of Trust (Old Mutual/Claymore Long-Short Fund (f.k.a. Analytic Covered Call Plus Fund))

Shareholders. Section 54. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, 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 against all loss and expense arising from such liability.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Putnam Mortgage Recovery Fund), Agreement and Declaration (Colonial Municipal Income Trust), Putnam Master Intermediate Income Trust

Shareholders. Section 5. In case any Shareholder shareholder or former Shareholder shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder shareholder and not because of his or her acts or omissions omissions, his or her noncompliance with applicable federal tax law, or for some other reason, the Shareholder shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representatives or, 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 against all loss and expense arising from such liability.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Liberty Variable Investment Trust), Agreement and Declaration of Trust (Liberty Variable Investment Trust), Amended and Restated Agreement and Declaration of Trust (Liberty Variable Investment Trust)

Shareholders. Section 54. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, representative 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 against all loss and expense arising from such liability.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Putnam Managed Municipal Income Trust), Agreement and Declaration of Trust (Putnam Managed Municipal Income Trust)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason ------------ of his or her being or having been a Shareholder 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 or, 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 against all loss and expense arising from such liability.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Liberty Stein Roe Funds Investment Trust), And Restated Agreement and Declaration of Trust (Liberty Stein Roe Funds Investment Trust)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all loss losses and expense expenses arising from such liability.

Appears in 2 contracts

Samples: Dreyfus Premier (Dreyfus Premier Tp Balanced Fund), Sparx Funds Trust (Sparx Funds Trust)

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Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 by the Trust out of the Trust’s property against all loss and expense arising from such liability.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Overstreet Adrian Marcel), Agreement and Declaration of Trust (RMR Asia Real Estate Fund)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder of the Trust or of a particular series 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 or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the series of which he or she is a Shareholder or former Shareholder to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 2 contracts

Samples: Amended and Restated Agreement and Declaration of Trust (State Street Master Funds), And Restated Agreement and Declaration of Trust (State Street Master Funds)

Shareholders. Section 54. In case of any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, representative 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 against all loss and expense arising from such liability.

Appears in 1 contract

Samples: Putnam Investment Grade Municipal Trust (Putnam Municipal Opportunities Trust)

Shareholders. Section 5. In case any Shareholder shareholder or former Shareholder shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representatives or, 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 against all loss and expense arising from such liability.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Steinroe Investment Trust)

Shareholders. Section 54. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 1 contract

Samples: Putnam Municipal Opportunities Trust

Shareholders. Section 5. In case any Shareholder shareholder or former Shareholder shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representatives or, 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 against all loss and expense arising from such liability.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Steinroe Variable Investment Trust)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, representative 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 against all loss and expense arising from such liability.

Appears in 1 contract

Samples: Securities Trust Fund (CTB Securities Trust Fund)

Shareholders. Section 5. 5 In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 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 against all loss and expense arising from such liability.

Appears in 1 contract

Samples: _____________________ Agreement and Declaration of Trust _____________________ (Old Mutual Tax-Advantaged Equity Income Fund)

Shareholders. Section 5. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder 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 or, 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 against all loss and expense arising from such liability.

Appears in 1 contract

Samples: Agreement and Declaration (NEMA Beverage Parent CORP)

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