Common use of Shareholders Clause in Contracts

Shareholders. In case any Shareholder or former Shareholder shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 15 contracts

Sources: Trust Agreement (Dreyfus Institutional Liquidity Funds), Agreement and Declaration of Trust (Dreyfus Short Duration Bond Fund), Agreement and Declaration of Trust (Dreyfus Fixed Income Securities)

Shareholders. In case any Shareholder or former Shareholder shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 7 contracts

Sources: Agreement and Declaration of Trust (BNY Mellon Opportunistic Municipal Securities Fund), Agreement and Declaration of Trust (Dreyfus Pennsylvania Intermediate Municipal Bond Fund), Agreement and Declaration of Trust (Dreyfus Income Funds Inc)

Shareholders. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts actions 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder Shareholders as aforesaid.

Appears in 6 contracts

Sources: Agreement and Declaration of Trust (Dreyfus Tax Exempt Cash Management Funds), Agreement and Declaration of Trust (DREYFUS GOVERNMENT CASH MANAGEMENT Funds), Agreement and Declaration of Trust (Dreyfus New York Municipal Cash Management)

Shareholders. In case any Shareholder or former Shareholder shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder Trust to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 2 contracts

Sources: Declaration of Trust (Dreyfus Massachusetts Tax Exempt Bond Fund), Declaration of Trust (Franklin Templeton Global Trust)

Shareholders. In case any Shareholder or former Shareholder shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (Dreyfus Short Intermediate Municipal Bond Fund), Agreement and Declaration of Trust (Dreyfus Florida Intermediate Municipal Bond Fund)

Shareholders. In case any Shareholder Share- holder or former Shareholder shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Premier Gnma Fund)

Shareholders. In case any Shareholder or former Shareholder ------------ shall be held to be personally liable solely by reason of his or her being or having been a an 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares Series of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Lasalle Master Trust)

Shareholders. In case any Shareholder or former --------- ------------ Shareholder shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Bear Stearns Funds)

Shareholders. In case any Shareholder or former Shareholder --------- ------------ shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her is 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 1 contract

Sources: Amended and Restated Agreement and Declaration of Trust (Stagecoach Trust)

Shareholders. In case any Shareholder or former Shareholder ----------------------- shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Legacy Funds Group)

Shareholders. In case any Shareholder or former Shareholder shall be held to be 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 S hareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representatives or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successfuls uccessful, would result in an obligation of the Trust to indemnify the Shareholder as aforesaid.

Appears in 1 contract

Sources: Amended and Restated Agreement and Declaration of Trust (Dreyfus Institutional Preferred Money Market Fund)

Shareholders. In case any Shareholder or former Shareholder of the Fund shall be held to be personally liable solely by reason of his or her being or having been a Shareholder of the Trust 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 representatives, or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of belonging to the particular series of Shares of which he or she is or was a Shareholder Trust to be held harmless from and indemnified against all losses loss and expenses expense arising from such liability. Upon requestThe Trust, shall, upon request by the Trust shall cause its counsel to Shareholder, assume the defense of any claim which, if successful, would result in an made against the Shareholder for any act or obligation of the Trust to indemnify and satisfy and judgement thereon from the Shareholder as aforesaidassets of the Trust.

Appears in 1 contract

Sources: Trust Agreement (AMG Pantheon Credit Solutions Fund)

Shareholders. In case any Shareholder or former Shareholder shall be held to be 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 a corporation or other entity, its corporate or other general successor) shall be entitled out of the assets of the particular series of Shares of which he or she is or was a Shareholder to be held harmless from and indemnified against all losses and expenses arising from such liability. Upon request, the Trust shall cause its counsel to assume the defense of any claim which, if successful, would result in an obligation of the Trust to indemnify the Shareholder Shareholders as aforesaid.

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Dreyfus Treasury Obligations Cash Management)