Common use of Successful Defense by Agent Clause in Contracts

Successful Defense by Agent. To the extent that an agent of this Trust has been successful, on the merits or otherwise, in the defense of any proceeding referred to in Sections 2 or 3 of this Article 13 before the court or other body before whom the proceeding was brought, the agent shall be indemnified against expenses actually and reasonably incurred by the agent in connection therewith, provided that the Board of Trustees, including a majority who are disinterested, non-party Trustees, also determines that based upon a review of the facts, the agent was not liable by reason of the disabling conduct referred to in Section 4 of this Article.

Appears in 4 contracts

Samples: Catholic Responsible Investments Funds, Frost Family of Funds, Gallery Trust

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Successful Defense by Agent. To the extent that an agent of this Trust has been successful, on the merits or otherwise, in the defense of any proceeding referred to in Sections 2 or 3 of this Article 13 before the court or other body before whom the proceeding was brought, the agent shall be indemnified against expenses actually and reasonably incurred by the agent in connection therewith, provided that the Board of Trustees, including a majority who are disinterested, non-party Trusteestrustees, also determines that based upon a review of the facts, the agent was not liable by reason of the disabling conduct referred to in Section 4 of this Article.

Appears in 3 contracts

Samples: Reality Shares ETF Trust, Reality Shares ETF Trust, Advisors' Inner Circle Fund III

Successful Defense by Agent. To the extent that an agent of this Trust has been successful, successful on the merits or otherwise, in the defense of any proceeding referred to in Sections 2 or 3 of this Article 13 or in defense of any claim, issue or matter therein, before the court or other body before whom the proceeding was brought, the agent shall be indemnified against expenses actually and reasonably incurred by the agent in connection therewith, provided that the Board of Trustees, including a majority who are disinterested, non-party Trustees, also determines that based upon a review of the facts, the agent was not liable by reason of the disabling conduct referred to in Section 4 of this Article.

Appears in 3 contracts

Samples: Two Roads Shared Trust, Two Roads Shared Trust, Lsa Variable Series Trust

Successful Defense by Agent. To the extent that an agent of this Trust has been successful, successful on the merits or otherwise, in the defense of any proceeding referred to in Sections 2 or 3 of this Article 13 or in defense of any claim, issue or matter therein, before the court or other body before whom the proceeding was brought, the agent shall be indemnified against expenses actually and reasonably incurred by the agent in connection therewith, provided that the Board of Trustees, including a majority who are disinterested, non-party Trustees, also determines that that, based upon a review of the facts, the agent was not liable by reason of the disabling conduct referred to in Section 4 of this Article.

Appears in 1 contract

Samples: Montgomery Funds Iii

Successful Defense by Agent. To the extent that an agent of this Trust has been successful, on the merits or otherwise, in the defense of any proceeding referred to in Sections 2 or 3 of this Article 13 before the court or other body before whom the proceeding was brought, the agent shall be indemnified against expenses actually and reasonably incurred by the agent in connection therewith, provided that the Board of Trustees, including a majority who are disinterested, non-party Trusteestrustees, also determines that based upon a review of the facts, the agent was not liable by reason of the disabling conduct referred to in Section 4 of this Article.

Appears in 1 contract

Samples: Instrument (Vanguard Chester Funds)

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Successful Defense by Agent. To the extent that an agent of this Trust has been successful, successful on the merits or otherwise, in the defense of any proceeding referred to in Sections 2 or 3 of this Article 13 or in defense of any claim, issue or matter therein, before the court or other body before whom the proceeding was brought, the the' agent shall be indemnified against expenses actually and reasonably incurred by the agent in connection therewith, provided that the Board of Trustees, including a majority who are disinterested, non-party Trusteestrustees, also determines that based upon a review of the facts, the agent was not liable by reason of the disabling conduct referred to in Section 4 of this Article.

Appears in 1 contract

Samples: California Investment Trust

Successful Defense by Agent. To the extent that an agent of this Trust has been successful, successful on the merits or otherwise, in the defense of any proceeding referred to in Sections 2 or 3 of this Article 13 or in defense of any claim, issue or matter therein, before the court or other body before whom the proceeding was brought, the agent shall be indemnified against expenses actually and reasonably incurred by the agent in connection therewith, provided that the Board of Trustees, including a majority who are disinterested, non-party Trusteestrustees, also determines that based upon a review of the facts, the agent was not liable by reason of the disabling conduct referred to in Section 4 of this Article.

Appears in 1 contract

Samples: California Investment Trust Ii

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