Common use of Rights of Indemnification Clause in Contracts

Rights of Indemnification. (a) Indemnitee shall be indemnified by the Fund against all liability and against all Expenses actually and reasonably incurred by Indemnitee or on the Indemnitee’s behalf in connection with any Proceeding in which Indemnitee is, or is threatened to be, involved as a party or otherwise by virtue of his or her Corporate Status, whether or not such Proceeding is brought by or in the right of the Fund and irrespective of whether the conduct that is the subject of the Proceeding occurred during or after the service of Indemnitee; provided, that no indemnification shall be provided hereunder to the extent that Indemnitee engaged in conduct for which indemnification may not lawfully be provided to Indemnitee. (b) Without limiting any other rights of Indemnitee under this Agreement, if Indemnitee is, pursuant to the terms hereof, entitled to indemnification as to one or more but less than all claims, matters or issues in a Proceeding, the Fund shall indemnify Indemnitee against all liability and against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each claim, matter or issue for which Indemnitee is entitled to indemnification under this Agreement.

Appears in 25 contracts

Samples: Indemnification Agreement (Seasons Series Trust), Indemnification Agreement (Sunamerica Series Trust), Indemnification Agreement (Sunamerica Series Trust)

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Rights of Indemnification. (a) Indemnitee shall be held harmless and indemnified by the Fund against all liability and Trust against all Expenses actually and reasonably incurred by Indemnitee or on the Indemnitee’s behalf in connection with any Proceeding in which Indemnitee is, or is threatened to be, involved as a party or otherwise by virtue of his or her Corporate Status, whether or not such Proceeding is brought by or in the right of the Fund Trust and irrespective of whether when the conduct that is the subject of the Proceeding occurred during or after the service of Indemnitee; providedoccurred, provided that no indemnification of Expenses shall be provided hereunder under this Agreement to the extent that such Expenses arise from conduct of the Indemnitee engaged in conduct for which indemnification may not lawfully be provided to Indemnitee. (b) Without limiting any other rights of Indemnitee under this Agreement, if Indemnitee is, pursuant to the terms hereofof this Agreement, entitled to indemnification as to one or more but less than all claims, matters or issues in a Proceeding, the Fund Trust shall indemnify Indemnitee against all liability and against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each claim, matter or issue for which Indemnitee is entitled to indemnification under this Agreement.

Appears in 4 contracts

Samples: Indemnification Agreement (BofA Funds Series Trust), Indemnification Agreement (Columbia Funds Master Investment Trust, LLC), Indemnification Agreement (BofA Funds Series Trust)

Rights of Indemnification. (a) Indemnitee shall be indemnified by the Fund against all liability and against all Expenses actually and reasonably incurred by Indemnitee or on the Indemnitee’s behalf in connection with any Proceeding in which Indemnitee is, or is threatened to be, involved as a party or otherwise by virtue of his or her Corporate Status, whether or not such Proceeding is brought by or in the right of the Fund and irrespective of whether the conduct that that. is the subject of the Proceeding occurred during or after the service of Indemnitee; provided, that no indemnification shall be provided hereunder to the extent that Indemnitee engaged in conduct for which indemnification may not lawfully be provided to Indemnitee. (b) Without limiting any other rights of Indemnitee under this Agreement, if Indemnitee is, pursuant to the terms hereof, entitled to indemnification as to one or more but less than all claims, matters or issues in a Proceeding, the Fund shall indemnify Indemnitee against all liability and against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each claim, matter or issue for which Indemnitee is entitled to indemnification under this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Sunamerica Income Funds)

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Rights of Indemnification. (a) The Indemnitee shall be indemnified by the Fund Company against all liability Liability and against all Expenses actually and reasonably incurred by the Indemnitee or on the Indemnitee’s behalf in connection with any Proceeding in which the Indemnitee is, or is threatened to be, involved as made a party or otherwise by virtue of his or her Corporate Status, whether or not such Proceeding is brought by or in the right of the Fund Company and irrespective of whether when the conduct that is the subject of the Proceeding occurred during or after the service of Indemnitee; providedoccurred, provided that no indemnification shall be provided hereunder to the extent that the Indemnitee engaged in conduct for which indemnification may not lawfully be provided to Indemniteethe Indemnitee (including any Disabling Conduct). (b) Without limiting any other rights of the Indemnitee under this Agreement, if the Indemnitee is, pursuant to the terms hereof, entitled to indemnification as to one or more but less than all claims, matters or issues in a Proceeding, the Fund Company shall indemnify the Indemnitee against all liability Liability and against all Expenses actually and reasonably incurred by the Indemnitee or on the Indemnitee’s behalf in connection with each claim, matter or issue for which the Indemnitee is entitled to indemnification under this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (VALIC Co I)

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