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Common use of Agent Clause in Contracts

Agent. The Advisor is hereby appointed as the agent for all of the Parties for the purpose of making, adjusting, receiving and enforcing payment of all claims under the Policy and otherwise dealing with the insurer with respect to the Policy. All expenses incurred by the Advisor in its capacity as agent for claims shall be shared by the Parties (including the Advisor) in the same manner as above provided for the sharing of Losses.

Appears in 47 contracts

Samples: Blanket Bond Insurance Agreement (First Trust Enhanced Equity Income Fund), Blanket Bond Insurance Agreement (First Trust Senior Floating Rate Income Fund Ii), Blanket Bond Insurance Agreement (First Trust Senior Floating Rate Income Fund Ii)

Agent. The Advisor Adviser is hereby appointed as the agent for all of the Parties for the purpose of making, adjusting, receiving and enforcing payment of all claims under the Policy and otherwise dealing with the insurer with respect to the Policy. All expenses incurred by the Advisor Adviser in its capacity as agent for claims shall be shared by the Parties (including the AdvisorAdviser) in the same manner as above provided for the sharing of Losses.

Appears in 23 contracts

Samples: Blanket Bond Insurance Agreement (First Trust Value Line R & Ibbotson Equity Allocation Fund), Blanket Bond Insurance Agreement (First Trust/Gallatin Specialty Finance & Financial Opportunities Fund), Blanket Bond Insurance Agreement (First Trust Enhanced Equity Income Fund)