Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 99

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 99
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 Declaration or
in the Delaware Act shall protect any Trustee or officer of the Trust against liability to the Trust or to Shareholders to which he would
otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the
conduct of his office.

<div align='center'>C-3</div>

Section 3. Indemnification.

(a) Subject to the exceptions
and limitations contained in subsection (b) below:

(i) every person who is,
or has been, a Trustee or an officer, employee or agent of the Trust (including any individual who serves at its request as director,
officer, partner, employee, trustee, agent or the like of another organization in which it has any interest as a shareholder, creditor
or otherwise) (“Covered Person”) shall be indemnified by the Trust or the appropriate Series to the fullest extent permitted
by law against liability and against all expenses reasonably incurred or paid by him in connection with any claim, action, suit or proceeding
in which he becomes involved as a party or otherwise by virtue of his being or having been a Covered Person and against amounts paid or
incurred by him in the settlement thereof; and

(ii) as used herein, the
words “claim,” “action,” “suit,” or “proceeding” shall apply to all claims, actions, suits
or proceedings (civil, criminal, administrative, investigative, arbitration or other, including appeals), actual or threatened, and the
words “liability” and “expenses” shall include, without limitation, attorneys’ fees, costs, judgments, amounts
paid in settlement, fines, penalties and other liabilities.

(b) No indemnification shall
be provided hereunder to a Covered Person:

(i) who shall have been
adjudicated by a court or body before which the proceeding was brought (A) to be liable to the Trust or its Shareholders by reason of
willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office, or (B) not
to have acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the Trust;
or

(ii) in the event of a settlement,
unless there has been a determination that such Covered Person did not engage in willful misfeasance, bad faith, gross negligence or reckless
disregard of the duties involved in the conduct of his