LIABILITY AND INDEMNIFICATION WITH RESPECT TO RENDERING. ADMINISTRATIVE AND TRANSFER AGENCY SERVICES. SMC shall be liable for any actual losses, claims, damages or expenses (including any reasonable counsel fees and expenses) resulting from SMC's bad faith, willful misfeasance, reckless disregard of its obligations and duties, negligence or failure to properly perform any of its responsibilities or duties under this Section 5. SMC shall not be liable and shall be indemnified and held harmless by the Fund, for any claim, demand or action brought against it arising out of or in connection with:
Appears in 16 contracts
Samples: Investment Management and Services Agreement (Security Equity Fund), Investment Management and Services Agreement (Security Equity Fund), Investment Management and Services Agreement (Security Equity Fund)
LIABILITY AND INDEMNIFICATION WITH RESPECT TO RENDERING. ADMINISTRATIVE AND TRANSFER AGENCY SERVICES. SMC shall be liable for any actual losses, claims, damages or expenses (including any reasonable counsel fees and expenses) resulting from SMC's bad faith, willful misfeasance, reckless disregard of its obligations and duties, negligence or failure to properly perform any of its responsibilities or duties under this Section Paragraph 5. SMC shall not be liable and shall be indemnified and held harmless by the Fund, for any claim, demand or action brought against it arising out of of, or in connection with:
Appears in 9 contracts
Samples: Investment Management and Services Agreement (Security Growth & Income Fund/Ks/), Investment Management and Services Agreement (Security Ultra Fund), Investment Management and Services Agreement (Security Ultra Fund)
LIABILITY AND INDEMNIFICATION WITH RESPECT TO RENDERING. ADMINISTRATIVE AND TRANSFER AGENCY SERVICES. SMC shall be liable for any actual losses, claims, damages or expenses (including any reasonable counsel fees and expenses) resulting from SMC's bad faith, willful misfeasance, reckless disregard of its obligations and duties, negligence or failure to properly perform any of its responsibilities or duties under this Section 5. SMC shall not be liable and shall be indemnified and held harmless by the Fund, for any claim, demand or action brought against it arising out of of, or in connection with:
Appears in 2 contracts
Samples: Investment Management and Services Agreement (Security Mid Cap Growth Fund), Investment Management and Services Agreement (Security Large Cap Value Fund/Ks/)
