Common use of Shareholders Clause in Contracts

Shareholders. Section 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 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 62 contracts

Samples: Agreement and Declaration of Trust (Putnam Voyager Fund), Agreement and Declaration of Trust (Putnam Michigan Tax Exempt Income Fund /), Agreement and Declaration of Trust (Putnam Diversified Income Trust)

AutoNDA by SimpleDocs

Shareholders. Section 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 representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 29 contracts

Samples: Agreement and Declaration (Bb&t Funds /), Agreement and Declaration of Trust (Cavanal Hill Funds), Bb&t Funds /

Shareholders. Section 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 representative 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, but only out of the assets of the particular series Series of Shares of which he or she is or was a Shareholder.

Appears in 17 contracts

Samples: Agreement and Declaration of Trust (MML Series Investment Fund II), Agreement and Declaration (MML Series Investment Fund), Agreement and Declaration (Simple Capital Trust)

Shareholders. Section 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 representative or 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 9 contracts

Samples: Agreement and Declaration (Harris Associates Investment Trust), Stein Roe Trust (Stein Roe Trust), Agreement and Declaration (Stein Roe Institutional Trust)

Shareholders. Section 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 representative or 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, but only out of the assets of the particular series of Shares shares of which he or she is or was a Shareholder.

Appears in 8 contracts

Samples: Agreement and Declaration of Trust (Stein Roe Advisor Floating Rate Advantage Fund/Ma), Agreement and Declaration of Trust (Colonial Trust Vi), Agreement and Declaration (Lamco Trust I)

Shareholders. Section 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 representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 7 contracts

Samples: Cavanal Hill Funds, Cavanal Hill Funds, Hudson River Trust (Hudson River Trust)

Shareholders. Section 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 representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 6 contracts

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

Shareholders. Section 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 representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Laudus Trust), Agreement and Declaration (Barr Rosenberg Series Trust), Agreement and Declaration (Barr Rosenberg Series Trust)

Shareholders. Section 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 representative 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, but only out of the assets of the particular series Series of Shares of which he or she is or was a Shareholder.

Appears in 3 contracts

Samples: Pear Tree Funds (Pear Tree Funds), Pear Tree Funds (Pear Tree Funds), Pear Tree Funds (Pear Tree Funds)

Shareholders. Section 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 representative or 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 2 contracts

Samples: Portions of Agreement (Baupost Fund), Baupost Fund

Shareholders. Section 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 representative 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, but only out of the assets of the particular class or series of Shares of which he or she is or was a Shareholder.

Appears in 2 contracts

Samples: Sierra Asset Management Trust, Sierra Prime Income Trust

Shareholders. Section 4. D. 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 representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 1 contract

Samples: Agreement and Declaration (Empire Builder Tax Free Bond Fund)

AutoNDA by SimpleDocs

Shareholders. Section SECTION 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 representative or 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 form such liability, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 1 contract

Samples: Valiant Fund (Valiant Fund)

Shareholders. Section 45. 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 representative or 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 1 contract

Samples: Agreement and Declaration (Homestead Funds Trust)

Shareholders. Section 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 omission or for some other reason, the Shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 1 contract

Samples: Agreement and Declaration (Alliance Portfolios)

Shareholders. Section 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 representative 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 14 such liability, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 1 contract

Samples: Agreement and Declaration Of (Variable Investors Series Trust /Ma/)

Shareholders. Section SECTION 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 representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 1 contract

Samples: Agreement and Declaration (BB&T Variable Insurance Funds)

Shareholders. Section 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 representative 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.. Exhibit (a) ARTICLE IX

Appears in 1 contract

Samples: Agreement And (Sterling Capital Variable Insurance Funds)

Shareholders. Section 46. 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 representative or 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, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.. ARTICLE X MISCELLANEOUS

Appears in 1 contract

Samples: Agreement and Declaration (Homestead Funds Trust)

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