Common use of Indemnification Determinations Clause in Contracts

Indemnification Determinations. Indemnification of an Indemnified Person pursuant to Section 8.4 shall be made if (a) the court or body before whom the proceeding is brought determines, in a final decision on the merits, that such Indemnified Person was not liable by reason of Disabling Conduct or (b) in the absence of such a determination, a majority of

Appears in 9 contracts

Sources: Agreement and Declaration of Trust (New Perspective Fund), Agreement and Declaration of Trust (American Funds Tax-Exempt Fund of New York), Agreement and Declaration of Trust (Limited Term Tax Exempt Bond Fund of America)