Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 90 contracts
Samples: Trust Agreement (Forefront Income Trust), Trust Agreement (Forefront Income Trust), Agreement and Declaration of Trust (VALIC Co II)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 25 contracts
Samples: Agreement and Declaration of Trust (Cushing ETF Trust), Agreement and Declaration of Trust (Cushing Mutual Funds Trust), Agreement and Declaration of Trust (Asset Allocation Trust - DE)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of the Trust Shareholder shall be charged or held to be personally liable for any obligation or liability of the Trust or any Series solely by reason of being or having been a Shareholder (other than taxes payable by virtue of owning shares) and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) applicable series to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 9 contracts
Samples: Agreement and Declaration of Trust (Ultimus Managers Trust), Agreement and Declaration of Trust (Eubel Brady & Suttman Mutual Fund Trust), Agreement and Declaration of Trust (Ultimus Managers Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders Shareholder or former Shareholder for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 7 contracts
Samples: Agreement and Declaration of Trust (MTB Group of Funds), Agreement and Declaration of Trust (Stratevest Funds), Amended and Restated Agreement and Declaration of Trust (4 Winds Family of Funds)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders Shareholder or former Shareholder for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 5 contracts
Samples: Agreement and Declaration of Trust (BBH Trust), Agreement and Declaration of Trust (Wilmington Funds), Declaration of Trust (Huntington Strategy Shares)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Portfolio of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (Alger Portfolios), Agreement and Declaration of Trust (Alger Institutional Funds), Agreement and Declaration of Trust (Alger Funds Ii)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders Shareholder for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 4 contracts
Samples: Declaration of Trust (Allianz Variable Insurance Products Fund of Funds Trust), Agreement and Declaration of Trust (Allianz Variable Insurance Products Trust), Agreement and Declaration of Trust (Securian Funds Trust)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Series of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust said Series (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Series' estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 3 contracts
Samples: Trust Agreement (Uslico Series Fund/Va/), Agreement and Declaration of Trust (Pimco Advisors Institutional Funds), Agreement and Declaration of Trust (Pimco Funds Equity Advisors Series)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Sub-Trust of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust on behalf of said Sub-Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse thereon, and, to the Shareholders for expensesfullest extent permitted by law, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Sub-Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 3 contracts
Samples: Master Trust Agreement (Victory Portfolios Iii), Master Trust Agreement (Usaa Mutual Funds Trust), Master Trust Agreement (Usaa Mutual Funds Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders Shareholder for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 3 contracts
Samples: Trust Agreement (Allianz Variable Insurance Products Trust), Agreement and Declaration of Trust (Allianz of America Funds), Declaration of Trust (USAllianz Variable Insurance Products Fund of Funds Trust)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Sub-Trust of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust on behalf of said Sub-Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse thereon, and, to the Shareholders for expensesfullest extent permitted by law, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Sub- Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 2 contracts
Samples: Master Trust Agreement (Usaa Mutual Funds Trust), Master Trust Agreement (Usaa Mutual Funds Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Fund of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 2 contracts
Samples: Trust Agreement (Global China Growth Fund), Agreement and Declaration of Trust (Alliance Municipal Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders Shareholder for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.or
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (Usallianz Variable Insurance Products Trust), Trust Agreement (Usallianz Funds)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Sub- Trust of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust on behalf of said Sub-Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse thereon, and, to the Shareholders for expensesfullest extent permitted by law, and the Shareholder or former Shareholder (or the his heirs, executors, administrators administrators, or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Sub-Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (LKCM Fund), Agreement and Declaration of Trust (LKCM Fund)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereofrepresentative, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Fund of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 2 contracts
Samples: Declaration of Trust (Albemarle Investment Trust/), Trust Agreement (Tuscarora Investment Trust)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of the Trust any Series of Shares shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability, but in each case only out of the assets of such Series of Shares.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (John Hancock Variable Insurance Trust), Agreement and Declaration of Trust (John Hancock Variable Insurance Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having having
been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 2 contracts
Samples: Trust Agreement (Evergreen Fixed Income Trust), Trust Agreement (Evergreen Equity Trust /De/)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereofrepresentatives, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Fund of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (Dreyfus Investment Funds), Declaration of Trust (Standish Ayer & Wood Investment Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Fund of which such Shareholder or former Shareholder is or was the holder of Shares) to be b held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Janus Investment Fund)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Sub-Trust or the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust on behalf of said Sub-trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse thereon, and, to the Shareholders for expensesfullest extent permitted by law, and the Shareholder or former Shareholder (or the his heirs, executors, administrators administrators, or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Sub-Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Uam Funds Trust)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Sub-Trust of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust on behalf of said Sub-Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse thereon, and, to the Shareholders for expensesfullest extent permitted by law, and the Shareholder or former Shareholder (or the such Shareholder's heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Sub-Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders Shareholder for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or or. in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which ofwhich such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Trust Agreement (Allianz Variable Insurance Products Fund of Funds Trust)
Indemnification of Shareholders. If In case any Shareholder (or ------------------------------- former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Master Trust Agreement (Kobrick HFS Investment Trust)
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Sub-Trust of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the said Sub-Trust (upon proper and timely request by the Shareholder) may AmeriSen Funds First Amended and Restated Master Trust Agreement March 26, 2001 Page 18 of 18 shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Sub-Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Indemnification of Shareholders. If any ------------------------------- Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Portfolio of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Winthrop Focus Funds)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Fund of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified ·against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Alger China-Us Growth Fund)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's Shareholders acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Portfolio of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Indemnification of Shareholders. If In case any Shareholder (or former Shareholder) of any Sub-Trust of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust on behalf of said Sub-Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse thereon, and, to the Shareholders for expensesfullest extent permitted by law, and the Shareholder or former Shareholder (or the his heirs, executors, administrators administrators, or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of which such Shareholder or former Shareholder is or was the holder of Shares) said Sub-Trust estate to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Uam Funds Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Fund of which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Trust Agreement (Alger ETF Trust)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may assume the defense against such charge claim and satisfy any judgment thereon or may reimburse the Shareholders Shareholder or former Shareholder for expenses, and the Shareholder or former Shareholder (or the heirs, executors, administrators or other legal representatives thereof, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series of or which such Shareholder or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Vision Group of Funds)
Indemnification of Shareholders. If any Shareholder (or former Shareholder) of the Trust shall be charged or held to be personally liable for any obligation or liability of the Trust solely by reason of being or having been a Shareholder and not because of such Shareholder's ’s acts or omissions or for some other reason, the Trust (upon proper and timely request by the Shareholder) may shall assume the defense against such charge and satisfy any judgment thereon or may reimburse the Shareholders for expensesthereon, and the Shareholder or former Shareholder (or the his heirs, executors, administrators or other legal representatives thereofrepresentative, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled (but solely out of the assets of the Series Fund of which such Shareholder Shareholders or former Shareholder is or was the holder of Shares) to be held harmless from and indemnified against all loss and expense arising from such liability.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Williamsburg Investment Trust)