Advice and Coordination Clause Samples
The "Advice and Coordination" clause establishes the obligation for parties to consult and collaborate with each other regarding certain aspects of their agreement or project. Typically, this clause requires one or both parties to provide timely advice, share relevant information, and coordinate actions to ensure smooth progress and avoid misunderstandings. By formalizing these expectations, the clause helps prevent miscommunication and ensures that all parties remain aligned, thereby facilitating effective cooperation and minimizing the risk of disputes.
Advice and Coordination. A. The Financial Agent shall provide the Treasury with on-going advice and ideas regarding management of the Account, market conditions, portfolio risks, asset valuations, asset management models, suggested changes to the Asset Manager Guidelines, and strategies for achieving the policy objectives of the Act.
B. The Financial Agent shall meaningfully participate in good faith in the Treasury’s Council of Asset Managers, consisting of various asset managers designated as financial agents, to provide the Treasury with both collective advice and a diversity of strategic and tactical opinions.
C. As directed by the Treasury, the Financial Agent shall coordinate day-to-day operations as necessary with the Treasury’s other asset managers designated as financial agents to ensure that portfolio strategies are not executed at cross purposes in the market.
Advice and Coordination. A. The Financial Agent shall provide the Treasury with on-going advice and ideas regarding the disposition of the Securities, including strategies for achieving the disposition objectives of the Treasury.
B. As directed by the Treasury, the Financial Agent shall coordinate as necessary with other financial agents of the Treasury, including asset managers, to ensure that trade execution strategies are carried out in accordance with the Treasury’s directives.