Indemnification of the Fund. PNC agrees to defend, indemnify and hold the Fund and its officers, directors and employees harmless from any and all Claims arising directly or indirectly from the negligence, bad faith, reckless disregard or willful misfeasance of PNC and its affiliates in the performance of its duties hereunder. Notwithstanding the foregoing, the Fund shall not be indemnified against any Claim caused by the Fund's or the Fund's other service providers' willful misfeasance, bad faith or negligence.
Appears in 4 contracts
Samples: Transfer Agency Services Agreement (First Trust Senior Floating Rate Income Fund Ii), Administration and Accounting Services Agreement (First Trust Senior Floating Rate Income Fund Ii), Administration and Accounting Services Agreement (First Trust Active Dividend Income Fund)
Indemnification of the Fund. PNC agrees to defend, indemnify and hold the Fund and its officers, directors and employees harmless from any and all Claims arising directly or indirectly from the negligence, bad faith, reckless disregard or willful misfeasance of PNC and its affiliates in the performance of its duties hereunder. Notwithstanding the foregoing, the Fund shall not be indemnified against any Claim caused by the Fund's or the Fund's other service providers' willful misfeasance, bad faith or negligence.. (c)
Appears in 2 contracts
Samples: Administration and Accounting Services Agreement (First Trust Global Credit Strategies Fund), Transfer Agency Services Agreement (First Trust Global Credit Strategies Fund)
