Common use of Indemnification of Shareholders Clause in Contracts

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is held 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to the Series.

Appears in 193 contracts

Sources: Agreement and Declaration of Trust (Optimize Premium Yield Fund), Agreement and Declaration of Trust (Optimize Series Trust), Agreement and Declaration of Trust (Optimize Growth Equity Fund)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series.

Appears in 138 contracts

Sources: Agreement and Declaration of Trust (Calamos Dynamic Convertible & Income Fund), Agreement and Declaration of Trust (Harbor ETF Trust), Trust Agreement (Harbor Funds II)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is held 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 any entity, its general successor) shall be entitled out of the assets Assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her for any act or obligation of the Series and satisfy any judgment thereon from the assets Assets belonging to the Series.

Appears in 19 contracts

Sources: Agreement and Declaration of Trust (Federated Hermes ETF Trust), Agreement and Declaration of Trust (Federated Hermes ETF Trust), Agreement and Declaration of Trust (Federated Hermes ETF Trust)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held to be personally liable solely by reason of his or her being or having been a Shareholder of such 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, or in the case of any a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The TrustCompany, on behalf of the affected Series, shall, upon request by such Shareholder or former the Shareholder, assume the defense of any claim made against him or her the Shareholder for any act or obligation of the such Series and satisfy any judgment thereon from the assets belonging to the of such Series.

Appears in 8 contracts

Sources: Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC), Limited Liability Company Agreement (Fidelity Master Portfolios LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series.

Appears in 5 contracts

Sources: Agreement and Declaration of Trust (Pioneer Municipal High Income Trust), Agreement and Declaration of Trust (Pioneer Diversified High Income Trust), Agreement and Declaration of Trust (Pioneer Floating Rate Trust)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held 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 such person's heirs, executors, administrators or other legal representatives or, or in the case of any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any such claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series.

Appears in 5 contracts

Sources: Trust Instrument (Pimco Variable Insurance Trust), Trust Agreement (T D Waterhouse Family of Funds), Trust Instrument (Westport Funds)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is held 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 administrators, or other legal representatives or, in the case of any entity, its general successor) shall be entitled out of the assets Assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon on request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her for any act or obligation of the that Series and satisfy any judgment thereon from the assets Assets belonging to the that Series.

Appears in 3 contracts

Sources: Trust Instrument (WisdomTree Trust), Trust Instrument (WisdomTree Trust), Trust Instrument (WisdomTree Trust)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified to the maximum extent permitted by law against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (Credit Suisse Opportunity Funds), Agreement and Declaration of Trust (Dljdirect Mutual Funds)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any such claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series.

Appears in 1 contract

Sources: Trust Instrument (Janus Adviser Series)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held 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 any entity, its general successor) shall be 18 entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series. ARTICLE X MISCELLANEOUS SECTION

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Harbor Fund)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is shall be held 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The TrustFocus Funds Series, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series.

Appears in 1 contract

Sources: Charter Agreement (Focus Funds Series Inc.)

Indemnification of Shareholders. If any Shareholder or former Shareholder of any Series is held personally liable solely by reason of his or her being or having been a Shareholder and not because of his his, her or her its 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him him, her or her it for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to the Series.

Appears in 1 contract

Sources: Trust Agreement (FS Series Trust)

Indemnification of Shareholders. If any Shareholder or former ------------------------------- Shareholder of any Series is shall be held 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 any entity, its general successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the affected Series, shall, upon request by such Shareholder or former Shareholder, assume the defense of any claim made against him or her such Shareholder for any act or obligation of the Series and satisfy any judgment thereon from the assets belonging to of the Series.

Appears in 1 contract

Sources: Declaration of Trust (Goldman Sachs Trust)