Appointment of the Portfolio Manager. The Client hereby appoints the Portfolio Manager and the Portfolio Manager hereby accepts such appointment to provide Discretionary / Non-Discretionary Portfolio Management and administrative services for the funds/securities put in by the Client in accordance with the terms and conditions and provisions of this Agreement. The Portfolio Manager in this context shall advise, manage, invest, re-invest, disinvest and perform various other related services at the entire discretion of the Portfolio Manager, for the fees herein provided and as agreed in Schedule B of this agreement. 3) PARTICIPATION a) The Client shall ensure that he is eligible to enter into this Agreement and that the execution of the Agreement does not, in any way, conflict with any applicable Laws, including but not limited to the Prevention of Money Laundering Act, 2002 and Foreign Exchange Management Act’ 1999 or with any obligations (the Client has agreed to avail of the Service offered by the Portfolio Manager shall deem to have satisfied himself with regard to eligibility in this respect). The Client also agrees that upon any consequences of any disability being subsequently discovered during the Term, leading to premature termination of this Agreement, the client shall indemnify the Portfolio Manager against any and all claims or losses suffered by the Portfolio Manager on account of such premature termination. The client may cause his/her Authorised Person to represent the client under this agreement. The decisions and directions of the Authorised Person given to the Portfolio Manager and consequent actions and results thereof shall be binding on the client. b) In the event of a change in the identity by change of name and/or residential status of the Client during the currency of this Agreement, it shall be the duty of the Client to keep the Portfolio Manager duly informed (in writing) of such changes with documentary evidence and to duly provide such information to the Portfolio Manager as the Portfolio Manager may request in this regard. The Portfolio Manager shall seek advice or appropriate directions where required, from the competent authority under applicable laws, with regard to the continuation of this Agreement and other agreements with the Client, if any, affected by such change/changes. The Portfolio Manager shall act as per law and the continuance of this Agreement or otherwise will be at the sole discretion of the Portfolio Manager only. c) The Client hereby represents, ...
Appointment of the Portfolio Manager. Pursuant to valid and proper authority and in accordance with applicable law, the Client hereby appoints, entirely at his/her/its own risk, the Portfolio Manager to provide services for and in respect of Assets of the Account in accordance with the provisions of this Agreement and the Regulations (as maybe applicable and in force from time to time).
Appointment of the Portfolio Manager. The Client hereby appoints the Portfolio Manager to provide Discretionary Portfolio Management services in accordance with the provisions of this Agreement.
Appointment of the Portfolio Manager. Effective the ____ day of __________ and until this Agreement is terminated in accordance with Paragraphs 16 and 17 hereof, the Investor hereby employs the Portfolio Manager to manage, with discretionary authority, the assets from time to time constituting the Account, utilizing the Asset Management Guidelines as detailed in Exhibit B, in the manner, for the period and in accordance with the terms and conditions hereinafter set forth, subject however, to the Operational Procedures for the Account, as the same may be amended from time to time by the Portfolio Manager in accordance with Paragraph 3 hereof. The Investor agrees promptly to furnish, or to cause the Investor's custodian or agent to furnish, to the Portfolio Manager all data and information the Portfolio Manager may reasonably request to: render the investment management services described above; calculate related incentive fees; and comply with reasonable requests for such information from Economic Interest Holders (as defined below) in or service providers to the Portfolio Manager in the course of the Portfolio Manager's business. The Investor shall be solely responsible for the completeness and accuracy of the data and information furnished to the Portfolio Manager hereunder. The Account shall consist of assets of the Investor that are allocated to the Account by the Investor and any appreciation and depreciation therein, less any assets of the Account that are withdrawn from the Account upon notice to the Portfolio Manager in accordance with Paragraph 17 hereof.
