The template code uses .Count for the upper bound of the for loop.

eg.
For $INDEX$ As Integer = 0 To $LIST$.Count
Dim $ELEM$ As $TYPE$ = $LIST$($INDEX$)
$END$
Next

This is incorrect - it should use .Count -1

eg. the following code used the template, and throws an ArgumentOutOfRangeException

Dim list As New List(Of String)

list.Add("fred")

For i As Integer = 0 To list.Count
Dim s As String = list(i)

Next

Issue was closed