Common use of Shareholders Clause in Contracts

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 135 contracts

Sources: Agreement and Declaration of Trust (Baseline CRE Income Fund), Agreement and Declaration of Trust (Versus Capital Infrastructure Income Fund), Agreement and Declaration of Trust (Baseline CRE Income Fund)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, representative or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 62 contracts

Sources: Trust Agreement (Schroder Series Trust), Agreement and Declaration of Trust (Putnam Mortgage Securities Fund), Agreement and Declaration of Trust (Putnam High Yield Fund)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 38 contracts

Sources: Agreement and Declaration of Trust (Sterling Capital Funds), Agreement and Declaration of Trust (Cavanal Hill Funds), Agreement and Declaration of Trust (Bb&t Funds /)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular Series of Shares of which he or she is or was a Shareholder.

Appears in 21 contracts

Sources: Agreement and Declaration of Trust (Pear Tree Funds), Trust Agreement (MassMutual Advantage Funds), Agreement and Declaration of Trust (Pear Tree Funds)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified by the Trust out of the Trust's property against all loss and expense arising from such liability.

Appears in 16 contracts

Sources: Trust Agreement (RMR Dividend Capture Fund), Agreement and Declaration of Trust (RMR Funds Series Trust), Agreement and Declaration of Trust (RMR Real Estate Income Fund)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 11 contracts

Sources: Agreement and Declaration of Trust (Harris Associates Investment Trust), Trust Agreement (Blackrock Principal Protected Funds), Trust Agreement (Stein Roe Institutional Trust)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular series of shares of which he or she is or was a Shareholder.

Appears in 8 contracts

Sources: Agreement and Declaration of Trust (Colonial Trust I), Agreement and Declaration of Trust (Colonial Trust Vii), Trust Agreement (Stein Roe Advisor Floating Rate Advantage Fund/Ma)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives representative or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.

Appears in 8 contracts

Sources: Declaration of Trust (Sterling Capital Variable Insurance Funds), Agreement and Declaration of Trust (Allianz Funds), Agreement and Declaration of Trust (BB&T Variable Insurance Funds)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the Trust to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 7 contracts

Sources: Trust Agreement (Keystone Mid Cap Growth Fund S-3), Trust Agreement (Keystone Balanced Fund K-1), Restatement of Trust Agreement (Keystone Quality Bond Fund B-1)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the Trust to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 4 contracts

Sources: Agreement and Declaration of Trust (Putnam Voyager Fund), Amended and Restated Agreement and Declaration of Trust (Putnam Health Sciences Trust), Agreement and Declaration of Trust (Putnam Health Sciences Trust)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 4 contracts

Sources: Trust Agreement (Putnam Mortgage Recovery Fund), Trust Agreement (NEMA Beverage Parent CORP), Agreement and Declaration of Trust (Colonial Municipal Income Trust)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally ------------ liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 4 contracts

Sources: Agreement and Declaration of Trust (Liberty Stein Roe Funds Municipal Trust), Agreement and Declaration of Trust (Liberty Stein Roe Funds Income Trust), Agreement and Declaration of Trust (Liberty Stein Roe Funds Income Trust)

Shareholders. In case any Shareholder shareholder or former Shareholder shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder shareholder and not because of his or her acts or omissions omissions, his or her noncompliance with applicable federal tax law, or for some other reason, the Shareholder shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 3 contracts

Sources: Agreement and Declaration of Trust (Liberty Variable Investment Trust), Agreement and Declaration of Trust (Liberty Variable Investment Trust), Declaration of Trust (Liberty Variable Investment Trust)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, representative or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 3 contracts

Sources: Agreement and Declaration of Trust (Putnam Managed Municipal Income Trust), Agreement and Declaration of Trust (Putnam Managed Municipal Income Trust), Trust Agreement (CTB Securities Trust Fund)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all loss losses and expense expenses arising from such liability.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (Sparx Funds Trust), Agreement and Declaration of Trust (Dreyfus Premier Tp Balanced Fund)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason ------------ of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (Liberty Stein Roe Funds Investment Trust), Agreement and Declaration of Trust (Liberty Stein Roe Funds Investment Trust)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder of the Trust or of a particular series and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the series of which he or she is a Shareholder or former Shareholder to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 2 contracts

Sources: Declaration of Trust (State Street Master Funds), Declaration of Trust (State Street Master Funds)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified by the Trust out of the Trust’s property against all loss and expense arising from such liability.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (Overstreet Adrian Marcel), Agreement and Declaration of Trust (RMR Asia Real Estate Fund)

Shareholders. In case any Shareholder shareholder or former Shareholder shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Steinroe Variable Investment Trust)

Shareholders. In case of any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, representative or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Putnam Municipal Opportunities Trust)

Shareholders. In case any Shareholder shareholder or former Shareholder shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder shareholder and not because of his or her acts or omissions omissions, his or her non-compliance with applicable federal tax law, or for some other reason, the Shareholder shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Steinroe Variable Investment Trust)

Shareholders. In case any Shareholder shareholder or former Shareholder shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder shareholder or former Shareholder shareholder (or his or her heirs, executors, administrators or other legal representatives or, or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Steinroe Investment Trust)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or, in the case of a corporation or other entity, ; its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Putnam Municipal Opportunities Trust)