Special Condition. With respect to Liability to the Fund or its shareholders, and subject to applicable state and federal law, the Board Member shall be indemnified pursuant to this Section 1 against any Liability unless such Liability arises by reason of the Board Member’s willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in such Section 17(h) of the Investment Company Act of 1940, as amended (“Disabling Conduct”).
Appears in 58 contracts
Samples: Administration Agreement (Capital Group New Geography Equity ETF), Administration Agreement (Capital Group International Core Equity ETF), Administration Agreement (Capital Group Conservative Equity ETF)
Special Condition. With respect to Liability to the Fund or its shareholders, and subject to applicable state and federal law, the Board Member shall be indemnified pursuant to this Section 1 against any Liability unless such Liability arises by reason of the Board Member’s 's willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in such Section 17(h) of the Investment Company Act of 1940, as amended (“"Disabling Conduct”").
Appears in 6 contracts
Samples: Form of Indemnification Agreement (Washington Mutual Investors Fund Inc), Indemnification Agreement (Cash Management Trust of America), Indemnification Agreement (Income Fund of America Inc)
Special Condition. With respect to Liability to the Fund Series or its shareholders, and subject to applicable state and federal law, the Board Member shall be indemnified pursuant to this Section 1 against any Liability unless such Liability arises by reason of the Board Member’s willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in such Section 17(h) of the Investment Company Act of 1940, as amended (“Disabling Conduct”).
Appears in 1 contract
Samples: Indemnification Agreement (American Funds Target Date Retirement Series)
Special Condition. With respect to Liability to the Fund Trust or its shareholders, and subject to applicable state and federal law, the Board Member shall be indemnified pursuant to this Section 1 against any Liability unless such Liability arises by reason of the Board Member’s 's willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office as defined in such Section 17(h) of the Investment Company Act of 1940, as amended (“"Disabling Conduct”").
Appears in 1 contract
Samples: Indemnification Agreement (American Funds Tax Exempt Series I)
