Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 100

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 100
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 office; (A) by the court or other body approving the settlement; (B) by at least
a majority of those Trustees who are neither Interested Persons of the Trust nor are parties to the matter based upon a review of readily
available facts (as opposed to a full trial-type inquiry); (C) by written opinion of independent legal counsel based upon a review of
readily available facts (as opposed to a full trial-type inquiry) or (D) by a vote of a majority of the Outstanding Shares entitled to
vote (excluding any Outstanding Shares owned of record or beneficially by such individual).

(c) The rights of indemnification
herein provided may be insured against by policies maintained by the Trust, shall be severable, shall not be exclusive of or affect any
other rights to which any Covered Person may now or hereafter be entitled, and shall inure to the benefit of the heirs, executors and
administrators of a Covered Person.

(d) To the maximum extent
permitted by applicable law, expenses in connection with the preparation and presentation of a defense to any claim, action, suit or proceeding
of the character described in subsection (a) of this Section may be paid by the Trust or applicable Series from time to time prior
to final disposition thereof upon receipt of an undertaking by or on behalf of such Covered Person that such amount will be paid over
by him to the Trust or applicable Series if it is ultimately determined that he is not entitled to indemnification under this Section;
provided, however, that either (i) such Covered Person shall have provided appropriate security for such undertaking, (ii) the Trust is
insured against losses arising out of any such advance payments or (iii) either a majority of a quorum of the Trustees who are neither
Interested Persons of the Trust nor parties to the matter, or independent legal counsel in a written opinion, shall have determined, based
upon a review of readily available facts (as opposed to a full trial-type inquiry) that there is reason to believe that such Covered Person
will not be disqualified from indemnification under this Section. Independent counsel retained for the purpose of rendering an opinion
regarding advancement of expenses and/or a majority of a quorum of the Trustees who are neither Interested Persons of the Trust nor parties
to the matter, may proceed under a rebuttable presumption that the Covered Person has not engaged in willful misfeasance, bad faith, gross
negligence or reckless disregard of the Covered Person’s duties to the Trust