Appointment of Agents, etc. (a) The Trustee shall be responsible for the general policies of the Trust and for the general supervision of the activities of the Trust conducted by all agents, advisors or managers of the Trust. The Trustee shall have the power to appoint or contract with any Person or Persons as the Trustee may deem necessary or proper for the transaction of all or any portion of the activities of the Trust.
(b) The Trustee shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 5.11(a), subject to the provisions of Section 5.12.
(c) The Trustee shall not be required to administer the Trust as its sole and exclusive function and the Trustee may have other business interests and may engage in other activities similar or in addition to those relating to the Trust, including the rendering of advice or services of any kind to investors or any other Persons and the management of other investments, subject to the Trustee's obligations under this Agreement and applicable law.
Appointment of Agents, etc. (a) The Trustees shall be responsible for the general policies of the Trust and for the general supervision of the activities of the Trust and Trust Subsidiaries conducted by all agents, officers, employees, advisors or managers of the Trust or any of the Trust Subsidiaries. The Trustees shall have the power to appoint, employ or contract with any Person or Persons as the Trustees may deem necessary or proper for the transaction of all or any portion of the activities of the Trust, including appointment of officers of the Trust and the Trust Subsidiaries and the retention of the Advisor under a management services agreement, as contemplated by Section 2.06. For purposes of this Agreement, the Advisor shall be deemed to be an agent of the Trust.
(b) The Trustees shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 5.11(a).
(c) The Trustees shall not be required to administer the Trust as their sole and exclusive function and the Trustees may have other business interests and may engage in other activities similar or in addition to those relating to the Trust, including in competitive business interests, including, without limitation, the rendering of advice or services of any kind to investors or any other Persons and the management of other investments, subject to the Trustees’ obligations under this Agreement and applicable law.
Appointment of Agents, etc. The Issuer shall employ and appoint all employees, agents, consultants and attorneys which it may consider necessary. No member of the Board of Directors, neither singly nor collectively, shall be personally liable for any act or omission not willfully fraudulent.
Appointment of Agents, etc. (a) The Trustees shall be responsible for the general policies of the Trust and for the general supervision of the activities of the Trust conducted by all agents, advisors or managers of the Trust. The Trustees shall have the power to appoint or contract with any Person or Persons as the Trustees may deem necessary or proper for the transaction of all or any portion of the activities of the Trust.
(b) The Trustees shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 5.11(a), subject to the provisions of Section 5.12; provided, further, however that any compensation payable to an Affiliate of a Trustee shall require the consent of the non-Affiliated Trustees.
(c) The Trustees shall not be required to administer the Trust as their sole and exclusive function and the Trustees may have other business interests and may engage in other activities similar or in addition to those relating to the Trust, including the rendering of advice or services of any kind to investors or any other Persons and the management of other investments, subject to the Trustees' obligations under this Agreement and applicable law.
Appointment of Agents, etc. The Issuer shall employ and appoint all employees, agents, consultants and attorneys that it may consider necessary.
Appointment of Agents, etc. The Corporation shall appoint all employees and attorneys which it may consider necessary. The individual members of the Corporation shall not be personally liable, neither singly nor collectively, for any act or omission of any agent or employee.
Appointment of Agents, etc. 18.1 Company has entered into agency agreements with various managing general agents, general agents, and individual agents for the production of private passenger nonstandard automobile insurance, a complete listing of which is attached hereto as Exhibit A and fully incorporated herein by this reference. Company agrees (i) to maintain such appointments and agency agreements at the direction of Reinsurer, and (ii) to allow Reinsurer to amend or terminate such appointments and agency agreements in Reinsurer's sole discretion.
18.2 Company will, at the request of Reinsurer, appoint other Agents to produce additional business to be reinsured under this Agreement. The form of agreement for appointing these other Agents shall be determined by Reinsurer. Reinsurer shall hold Company harmless from and indemnify it pursuant to this Agreement with respect to matters caused directly or indirectly by any action of, or failure to act, by any Agent.
18.3 Reinsurer shall be responsible for the supervision of the Agents appointed by Company at its request, including compliance with state licensing laws and the financial condition of such Agents.
18.4 Reinsurer shall guarantee payment to Company of any amounts due Company from business produced by or through all Agents appointed or maintained by Company at the request of and on behalf of Reinsurer. Reinsurer shall be solely responsible for notifying such Agents of this Agreement and of any termination hereof, and Reinsurer shall be responsible for the consequences of any failure to provide such notification.
18.5 As used herein, "Agent(s)" shall refer to all managing general agents, general agents, producing agents, soliciting agents, and individual agents currently appointed by Company as of the Effective Date, or subsequently appointed or maintained at Reinsurer's direction, to write private passenger nonstandard automobile insurance.
Appointment of Agents, etc. (a) The Board shall be responsible for the general policies of the Company and for the general supervision of the activities of the Company conducted by all agents or advisors of the Company. The Board shall have the power to appoint or contract with any Person or Persons as the Board may deem necessary or proper for the transaction of all or any portion of the activities of the Company.
(b) The Board shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 7.8(a), subject to the provisions of Sections 7.6 and 12.4; provided, further, however that any compensation payable to an Affiliate of a Manager shall require the consent of the non-Affiliated Managers.
(c) The members of the Board may have other business interests and may engage in other activities similar or in addition to those relating to the Company, including the rendering of advice or services of any kind to investors or any other Persons and the management of other investments, subject to the Board’s obligations under this Agreement and applicable law.
Appointment of Agents, etc. (a) The Trustees shall be responsible for the general policies of the Trust and for the general supervision of the activities of the Trust and Trust Subsidiaries conducted by all agents, officers, employees, advisors or managers of the Trust or any of the Trust Subsidiaries. The Trustees shall have the power to appoint, employ or contract with any Person or Persons as the Trustees may deem necessary or proper for the transaction of all or any portion of the activities of the Trust, including appointment of officers of the Trust and the Trust Subsidiaries and the retention of the Advisor under a management services agreement, as contemplated by Section 2.06. For purposes of this Agreement, the Advisor shall be deemed to be an agent of the Trust.
(b) The Trustees shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 5.11(a).
Appointment of Agents, etc. The Issuer shall employ and appoint all employees, agents, consultants and attorneys which it may consider necessary. No member of the Board, neither singly or collectively, shall be personally liable for any act or omission not willfully fraudulent or MALA FIDE.
