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
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)
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