Common use of Distributor's Indemnification Clause in Contracts

Distributor's Indemnification. The Distributor will indemnify, defend and hold harmless the Fund, each Series, the Fund's several officers and Directors and any person who controls the Fund or any Series within the meaning of Section 15 of the 1933 Act, from and against any losses, claims, damages or liabilities, joint or several, to which any of them may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect hereof) arise out of, or are based upon, any breach of its representations and warranties in subsection 2 hereof or its agreements in subsection 2 of Section II of this Agreement, or which arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Prospectuses, any Blue Sky Application or any application or other document executed by or on behalf of the Fund, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, which statement or omission was made in reliance upon and in conformity with information furnished in writing to the Fund or any of its several officers and Directors by or on behalf of and with respect to the Distributor specifically for inclusion therein, and will reimburse the Fund, each Series, the Fund's several officers and Directors, and any person who controls the Fund or any Series within the meaning of Section 15 of the 1933 Act, for any legal or other expenses reasonably incurred by any of them in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 4 contracts

Samples: Distribution Agreement (Infinity Mutual Funds Inc /Md/), Distribution Agreement (Infinity Mutual Funds Inc), Distribution Agreement (Infinity Mutual Funds Inc)

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Distributor's Indemnification. The Distributor will indemnify, defend and hold harmless the FundTrust, each Series, the FundTrust's several officers and Directors Trustees and any person who controls the Fund Trust or any Series within the meaning of Section 15 of the 1933 Act, from and against any losses, claims, damages or liabilities, joint or several, to which any of them may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect hereof) arise out of, or are based upon, any breach of its representations and warranties in subsection 2 hereof or its agreements in subsection 2 of Section II of this Agreement, or which arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the ProspectusesProspectus, any Blue Sky Application or any application or other document executed by or on behalf of the FundTrust, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, which statement or omission was made in reliance upon and in conformity with information furnished in writing to the Fund Trust or any of its several officers and Directors Trustees by or on behalf of and with respect to the Distributor specifically for inclusion therein, and will reimburse the FundTrust, each Series, the FundTrust's several officers and Directors, and any person who controls the Fund Trust or any Series within the meaning of Section 15 of the 1933 Act, for any legal or other expenses reasonably incurred by any of them in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 3 contracts

Samples: Distribution Agreement (Excelsior Institutional Trust), Distribution Agreement (Excelsior Institutional Trust), Distribution Agreement (Excelsior Funds Trust)

Distributor's Indemnification. The Distributor will indemnify, defend and hold harmless the Company, each Fund, each Series, the FundCompany's several officers and Directors and any person who controls the Fund Company or any Series Fund within the meaning of Section 15 of the 1933 Act, from and against any losses, claims, damages or liabilities, joint or several, to which any of them may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities linbilities (or actions or proceedings in respect hereof) arise out of, or are based upon, any breach of its representations and warranties in subsection 2 hereof or its agreements in subsection 2 of Section II of this Agreement, or which arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Prospectuses, any Blue Sky Application or any application or other document executed by or on behalf of the FundFunds, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, which statement or omission was made in reliance upon and in conformity with information furnished in writing to the Fund Company or any of its several officers and Directors by or on behalf of and with respect to the Distributor specifically for inclusion therein, and will reimburse the Company, each Fund, each Series, the FundCompany's several officers and Directors, and any person who controls the Fund Company or any Series Fund within the meaning of Section 15 of the 1933 Act, for any legal or other expenses reasonably incurred by any of them in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 3 contracts

Samples: Distribution Agreement (Vintage Mutual Funds Inc), Distribution Agreement (Vintage Mutual Funds Inc), Distribution Agreement (Vintage Mutual Funds Inc)

Distributor's Indemnification. The Distributor will indemnify, defend and hold harmless the FundTrust, each Series, the FundTrust's several officers and Directors Trustees and any person who controls the Fund Trust or any Series within the meaning of Section 15 of the 1933 Act, from and against any losses, claims, damages or liabilities, joint or several, to which any of them may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect hereof) arise out of, or are based upon, any breach of its representations and warranties in subsection 2 hereof or its agreements in subsection 2 of Section II of this AgreementContract, or which arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the ProspectusesProspectus, any Blue Sky Application or any application or other document executed by or on behalf of the FundTrust, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, which statement or omission was made in reliance upon and in conformity with information furnished in writing to the Fund Trust or any of its several officers and Directors Trustees by or on behalf of and with respect to the Distributor specifically for inclusion therein, and will reimburse the FundTrust, each Series, the FundTrust's several officers and Directors, and any person who controls the Fund Trust or any Series within the meaning of Section 15 of the 1933 Act, for any legal or other expenses reasonably incurred by any of them in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 2 contracts

Samples: Distribution Contract (Excelsior Funds), Distribution Contract (Excelsior Funds)

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Distributor's Indemnification. The Distributor will indemnify, ----------------------------- defend and hold harmless the FundTrust, each Series, the FundTrust's several officers and Directors Trustees and any person who controls the Fund Trust or any Series within the meaning of Section 15 of the 1933 Act, from and against any losses, claims, damages or liabilities, joint or several, to which any of them may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect hereof) arise out of, or are based upon, any breach of its representations and warranties in subsection 2 hereof or its agreements in subsection 2 of Section II 11 of this Agreement, or which arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the ProspectusesProspectus, any Blue Sky Application or any application or other document executed by or on behalf of the FundTrust, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, which statement or omission was made in reliance upon and in conformity with information furnished in writing to the Fund Trust or any of its several officers and Directors Trustees by or on behalf of and with respect to the Distributor specifically for inclusion therein, and will reimburse the FundTrust, each Series, the FundTrust's several officers and Directors, and any person who controls the Fund Trust or any Series within the meaning of Section 15 of the 1933 Act, for any legal or other expenses reasonably incurred by any of them in investigating, defending or preparing to defend any such action, proceeding or claim.

Appears in 1 contract

Samples: Distribution Agreement (Excelsior Institutional Trust)

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