Disabling Conduct. The Trustee shall be indemnified pursuant to this Section 1 against any such Expenses unless the Trustee is subject to such Expenses by reason of the Trustee’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 1940 Act (“Disabling Conduct”).
Appears in 3 contracts
Sources: Indemnification Agreement (Hotchkis & Wiley Funds /De/), Indemnification Agreement (Pacific Funds), Indemnification Agreement (Pacific Select Fund)
Disabling Conduct. The Trustee shall be indemnified pursuant to this Section 1 2 against any such Expenses reasonably incurred unless the Trustee is subject to incurred such Expenses by reason of the Trustee’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 1940 Investment Company Act of 1940, as amended (“Disabling Conduct”).
Appears in 3 contracts
Sources: Indemnification Agreement (City National Rochdale Strategic Credit Fund), Indemnification Agreement (City National Rochdale Select Strategies Fund), Indemnification Agreement (City National Rochdale Select Strategies Fund)
Disabling Conduct. The Trustee shall be indemnified pursuant to this Section 1 against any such Expenses unless the Trustee is subject to such Expenses by reason of the Trustee’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 1940 Act (“Disabling Conduct”).
Appears in 2 contracts
Sources: Indemnification Agreement (Pacific Select Fund), Indemnification Agreement (Pacific Select Fund)
Disabling Conduct. The Trustee shall be indemnified pursuant to this Section 1 against any such and all Expenses unless the Trustee is subject to such Expenses by reason of the Trustee’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 for purposes of Section 17(h) of the 1940 Investment Company Act of 1940, as amended (“"Disabling Conduct”").
Appears in 2 contracts
Sources: Trustee Indemnification Agreement (Van Eck Worldwide Insurance Trust), Indemnification Agreement (Van Eck Funds)
Disabling Conduct. The Trustee shall be indemnified pursuant to this Section 1 against any such Expenses unless the Trustee is subject to such Expenses by reason of the Trustee’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 1940 Act (“Disabling Conduct”).
Appears in 1 contract
Disabling Conduct. The Independent Trustee shall be indemnified pursuant to this Section 1 2 against any Expenses unless such Expenses unless the Trustee is subject to such Expenses arose by reason of the Trustee’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 1940 Investment Company Act of 1940, as amended (“"Disabling Conduct”").
Appears in 1 contract
Sources: Indemnification Agreement (Advisory Hedged Opportunity Fund)
Disabling Conduct. The Trustee shall be indemnified pursuant to this Section 1 against any such Expenses unless the Trustee is subject to such Expenses by reason of the Trustee’s 's willful misfeasance, bad faith, gross negligence, or 01 reckless disregard of the duties involved in the conduct of his or her office as defined in such Section 17(hl 7(h) of the 1940 Act (“"Disabling Conduct”").
Appears in 1 contract
Sources: Reorganization Agreement (Pacific Funds Series Trust)
Disabling Conduct. The Trustee shall be indemnified pursuant to this Section 1 against any and all such Expenses unless the Trustee is subject to such Expenses by reason of the Trustee’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 1940 Act (“Disabling Conduct”)) and there has been a Final Decision on the merits in the relevant Proceeding that the Trustee’s conduct was Disabling Conduct.
Appears in 1 contract
Sources: Indemnification Agreement (TCG Strategic Income Fund)