Common use of EAGLE Clause in Contracts

EAGLE. Eagle shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which the Company, a Fund, IMCO, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pexxxxx xhereof (as described in Section 15 of the Securities Act of 1933, as amended (the 1933 Act)) (collectively, IMCO Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard of Eagle in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to Eagle which was required to be stated therein or necessary to make the statements therein not misleading, if such statement or omission was made in reliance upon information furnished to IMCO or the Company by Eagle Indemnities (as defined below) for use therein. Eagle shall indemnify and hold harmless the IMCO Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). However, Eagle shall have no liability to a Fund or its shareholders for damages or losses connected with or arising out of services rendered under this Agreement, unless such damages or losses result from Eagle's negligence, willful misconduct, bad faith or reckless disregard of its duties and obligations.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Usaa Mutual Fund Inc), Interim Investment Advisory Agreement (Usaa Mutual Fund Inc)

AutoNDA by SimpleDocs

EAGLE. Eagle shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which the Company, a Fund, IMCO, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pexxxxx xhereof persons thereof (as described in Section 15 of the Securities Act of 1933, as amended (the 1933 Act)) (collectively, IMCO Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard of Eagle in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to Eagle which was required to be stated therein or necessary to make the statements therein not misleading, if such statement or omission was made in reliance upon information furnished to IMCO or the Company by Eagle Indemnities (as defined below) for use therein. Eagle shall indemnify and hold harmless the IMCO Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). However, Eagle shall have no liability to a Fund or its shareholders for damages or losses connected with or arising out of services rendered under this Agreement, unless such damages or losses result from Eagle's negligence, willful misconduct, bad faith or reckless disregard of its duties and obligations.

Appears in 1 contract

Samples: Interim Investment Subadvisory Agreement (Usaa Mutual Fund Inc)

AutoNDA by SimpleDocs

EAGLE. Eagle shall be liable for any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which the Company, a Fund, IMCO, any affiliated persons thereof (within the meaning of the 1940 Act) and any controlling pexxxxx xhereof persxxx xxxxeof (as described in Section 15 of the Securities Act of 1933, as amended (the 1933 Act)) (collectively, IMCO Indemnities) may become subject under the 1933 Act, the 1940 Act, the Advisers Act, or under any other statute, at common law or otherwise arising out of (i) any negligence, willful misconduct, bad faith or reckless disregard of Eagle in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact contained in the Prospectus and SAI, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the Funds or the omission to state therein a material fact known to Eagle which was required to be stated therein or necessary to make the statements therein not misleading, if such statement or omission was made in reliance upon information furnished to IMCO or the Company by Eagle Indemnities (as defined below) for use therein. Eagle shall indemnify and hold harmless the IMCO Indemnities for any and all such losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses). However, Eagle shall have no liability to a Fund or its shareholders for damages or losses connected with or arising out of services rendered under this Agreement, unless such damages or losses result from Eagle's negligence, willful misconduct, bad faith or reckless disregard of its duties and obligations.

Appears in 1 contract

Samples: Investment Subadvisory Agreement (Usaa Mutual Fund Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!