Common use of COMPENSATIONS AND EXPENSES Clause in Contracts

COMPENSATIONS AND EXPENSES. In consideration for its services here under as Shareholder Service Agent, the Fund will pay to PGI reasonable compensations for all services rendered as Agent, and all its reasonable out-of-pocket expenses incurred in connection with the agency. Such compensation is set forth in a separate schedule to be agreed to by the Fund and PGI, a copy of which is attached hereto. The Fund agrees to promptly reimburse PGI for all reasonable out-of-pocket expenses or disbursements incurred by PGI in connection with the performance of services under this Agreement including, but not limited to, expenses for postage, express delivery services, envelopes, forms, telephone communication expenses and stationary supplies. PGI agrees to furnish to the Fund's Board of Directors, upon request, reasonable documentation of any expenses for which reimbursement is sought. PGI shall at all times use reasonable care, due diligence and act in good faith in performing its duties under this Agreement. PGI shall not be responsible for, and the Fund shall indemnify and hold PGI harmless from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses and liability which may be asserted against PGI or for which PGI may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement provided that PGI has acted in good faith and with due diligence and reasonable care. The Fund shall not be responsible for, and PGI shall indemnify and hold harmless the Fund from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses, and liability which any be asserted against the Fund or for which the Fund may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement in which PGI has not acted in good faith and with due diligence and reasonable care. TERMINATION OF AGREEMENT This Agreement shall be in effect from July 29, 1999 through July 29, 2002 and thereafter may be terminated by either party upon receipt of 60 days' written notice.

Appears in 2 contracts

Samples: Shareholder Service Agreement (Pilgrim Government Securities Income Fund Inc), Shareholder Agreement (Pilgrim Advisory Funds Inc)

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COMPENSATIONS AND EXPENSES. In consideration for its services here under as Shareholder Service Agent, the Fund Trust will pay to PGI reasonable compensations compensation for all services rendered as Agent, and all its reasonable out-of-pocket expenses incurred in connection with the agency. Such compensation is set forth in a separate schedule to be agreed to by the Fund Trust and PGI, a copy of which is attached hereto. The Fund Trust agrees to promptly reimburse PGI for all reasonable out-of-pocket expenses or disbursements incurred by PGI in connection with the performance of services under this Agreement including, but not limited to, expenses for postage, express delivery services, envelopes, forms, telephone communication expenses and stationary supplies. PGI agrees to furnish to the FundTrust's Board of Directors, upon request, reasonable documentation of any expenses for which reimbursement is sought. PGI shall at all times use reasonable care, due diligence and act in good faith in performing its duties under this Agreement. PGI shall not be responsible for, and the Fund Trust shall indemnify and hold PGI harmless from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses and liability which may be asserted against PGI or for which PGI may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement provided that PGI has acted in good faith and with due diligence and reasonable care. The Fund Trust shall not be responsible for, and PGI shall indemnify and hold harmless the Fund Trust from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses, and liability which any be asserted against the Fund Trust or for which the Fund Trust may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement in which PGI has not acted in good faith and with due diligence and reasonable care. TERMINATION OF AGREEMENT This Agreement shall be in effect from July 29May 24, 1999 through July 29, 2002 and thereafter may be terminated by either party upon receipt of 60 days' written notice.

Appears in 1 contract

Samples: Shareholder Service Agreement (Nicholas Applegate Mutual Funds)

COMPENSATIONS AND EXPENSES. In consideration for its services here under as Shareholder Service Agent, the Fund will pay to PGI reasonable compensations compensation for all services rendered as Agent, and all its reasonable out-of-pocket expenses incurred in connection with the agency. Such compensation is set forth in a separate schedule to be agreed to by the Fund and PGI, a copy of which is attached hereto. The Fund agrees to promptly reimburse PGI for all reasonable out-of-pocket expenses or disbursements incurred by PGI in connection with the performance of services under this Agreement including, but not limited to, expenses for postage, express delivery services, envelopes, forms, telephone communication expenses and stationary supplies. PGI agrees to furnish to the Fund's Board of Directors, upon request, reasonable documentation of any expenses for which reimbursement is sought. PGI shall at all times use reasonable care, due diligence and act in good faith in performing its duties under this Agreement. PGI shall not be responsible for, and the Fund shall indemnify and hold PGI harmless from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses and liability which may be asserted against PGI or for which PGI may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement provided that PGI has acted in good faith and with due diligence and reasonable care. The Fund shall not be responsible for, and PGI shall indemnify and hold harmless the Fund from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses, and liability which any be asserted against the Fund or for which the Fund may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement in which PGI has not acted in good faith and with due diligence and reasonable care. TERMINATION OF AGREEMENT This Agreement shall be in effect from July 29, 1999 through July 29, 2002 and 2002and thereafter may be terminated by either party upon receipt of 60 days' written notice.

Appears in 1 contract

Samples: Shareholder Service Agreement (Pilgrim Bank & Thrift Fund Inc)

COMPENSATIONS AND EXPENSES. In consideration for its services here under as Shareholder Service Agent, the Fund will pay to PGI reasonable compensations for all services rendered as Agent, and all its reasonable out-of-pocket expenses incurred in connection with the agency. Such compensation is set forth in a separate schedule to be agreed to by the Fund and PGI, a copy of which is attached hereto. The Fund agrees to promptly reimburse PGI for all reasonable out-of-pocket expenses or disbursements incurred by PGI in connection with the performance of services under this Agreement including, but not limited to, expenses for postage, express delivery services, envelopes, forms, telephone communication expenses and stationary supplies. PGI agrees to furnish to the Fund's Board of Directors, upon request, reasonable documentation of any expenses for which reimbursement is sought. INDEMNIFICATIONS PGI shall at all times use reasonable care, due diligence and act in good faith in performing its duties under this Agreement. PGI shall not be responsible for, and the Fund shall indemnify and hold PGI harmless from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses and liability which may be asserted against PGI or for which PGI may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement provided that PGI has acted in good faith and with due diligence and reasonable care. The Fund shall not be responsible for, and PGI shall indemnify and hold harmless the Fund from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses, and liability which any be asserted against the Fund or for which the Fund may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement in which PGI has not acted in good faith and with due diligence and reasonable care. TERMINATION OF AGREEMENT This Agreement shall be in effect from July 29, 1999 through July 29, 2002 and 2002and thereafter may be terminated by either party upon receipt of 60 days' written notice.

Appears in 1 contract

Samples: Shareholder Service Agreement (Pilgrim Investment Funds Inc/Md)

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COMPENSATIONS AND EXPENSES. In consideration for its services here under as Shareholder Service Agent, the Fund Trust will pay to PGI reasonable compensations compensation for all services rendered as Agent, and all its reasonable out-of-pocket expenses incurred in connection with the agency. Such compensation is set forth in a separate schedule to be agreed to by the Fund Trust and PGI, a copy of which is attached hereto. The Fund Trust agrees to promptly reimburse PGI for all reasonable out-of-pocket expenses or disbursements incurred by PGI in connection with the performance of services under this Agreement including, but not limited to, expenses for postage, express delivery services, envelopes, forms, telephone communication expenses and stationary supplies. PGI agrees to furnish to the FundTrust's Board of Directors, upon request, reasonable documentation of any expenses for which reimbursement is sought. Indemnifications PGI shall at all times use reasonable care, due diligence and act in good faith in performing its duties under this Agreement. PGI shall not be responsible for, and the Fund Trust shall indemnify and hold PGI harmless from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses and liability which may be asserted against PGI or for which PGI may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement provided that PGI has acted in good faith and with due diligence and reasonable care. The Fund Trust shall not be responsible for, and PGI shall indemnify and hold harmless the Fund Trust from and against, any and all losses, damages, costs, charges, counsel fees, payments, expenses, and liability which any be asserted against the Fund Trust or for which the Fund Trust may be held liable, arising out of or attributable to all actions of PGI required to be taken by PGI pursuant to this Agreement in which PGI has not acted in good faith and with due diligence and reasonable care. TERMINATION OF AGREEMENT Termination of Agreement This Agreement shall be in effect from July 29May 24, 1999 through July 29, 2002 and thereafter may be terminated by either party upon receipt of 60 days' written notice.

Appears in 1 contract

Samples: Shareholder Service Agreement (Ing Mutual Funds)

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