Common use of USE OF FUND/SERV AND NETWORKING Clause in Contracts

USE OF FUND/SERV AND NETWORKING. The Trust has authorized TFS to transact trades and transactions for the Trust or various Funds. Fund/SERV and Networking are services sponsored by the National Securities Clearing Corporation (“NSCC”) and as used herein have the meanings as set forth in the then current edition of NSCC RULES AND PROCEDURES published by NSCC or such other similar publication as may exist from time to time. The Trust shall indemnify and hold TFS harmless from and against any and all losses, damages, costs, charges, reasonable counsel fees, payments, expenses and liability resulting directly or proximately from any action or failure or omission to act by NSCC.