APPOINTMENT AND DUTIES OF THE INVESTOR SERVICER Clause Samples

APPOINTMENT AND DUTIES OF THE INVESTOR SERVICER. (a) The Partnership hereby appoints the Investor Servicer to perform various investor relations services subject to the further terms and conditions set forth in this Agreement, and the Investor Servicer hereby agrees to perform each of the duties set forth herein. (b) The Investor Servicer will be subject to the supervision of the General Partner and will have only such functions and authority as the General Partner may delegate to it including, without limitation, the functions and authority identified herein and delegated to the Investor Servicer hereby. The Investor Servicer will be responsible for day-to-day investor relations and will perform (or cause to be performed) such services and activities relating to investor relations services as may be appropriate. (c) The Investor Servicer may retain, for and on behalf, and at the sole cost and expense, of the Partnership, such services of other service providers as the Investor Servicer deems necessary or advisable in connection with the provision of investment relations services. Notwithstanding anything contained herein to the contrary, the Investor Servicer shall have the right to cause any such services to be rendered by its employees or Affiliates. The Partnership shall pay or reimburse the Investor Servicer or its Affiliates performing such services for the cost and expenses thereof; provided that such costs and reimbursements as to Affiliates of the Investor Servicer are no greater than those which would be payable to outside professionals or consultants engaged to perform such services pursuant to agreements negotiated on an arm’s-length basis. (d) The General Partner shall pass any and all necessary resolutions to provide for the delegation of its duties to the Investor Servicer under this Agreement, and to permit such delegation to be approved or evidenced by any certificate duly signed by any officer or other authorized person of the General Partner, to verify or confirm the authority of the Investor Servicer or any of its members, partners, officers, employees or agents authority to enter into agreements on behalf of and bind the Partnership as necessary to allow the Investor Servicer to perform its obligations hereunder.