Common use of Contractual Rights Clause in Contracts

Contractual Rights. This Article NINTH shall be deemed to be a contract between the Trust and each person who is a Covered Person at any time this Article NINTH is in effect. Any repeal or other modification of this Article NINTH or of any applicable laws shall not limit any rights of indemnification then existing or arising out of events, acts, or omissions occurring prior to such repeal or modification, including, without limitation, the right to indemnification for Proceedings commenced after such repeal or modification to enforce this Article NINTH with respect to events, acts or omissions prior to such repeal or modification.