ASSIGNMENT, DELEGATION AND SUBCONTRACTING. Either party may assign this Agreement or delegate its rights and duties hereunder to any Affiliate (the “Assigning Party”), provided that the Assigning Party gives the other party 30 days’ prior written notice of such assignment or delegation. BNYM may subcontract with, hire, engage or otherwise outsource to any third party with respect to the performance of any one or more of the functions, services, duties or obligations of BNYM under this Agreement but any such subcontracting, hiring, engaging or outsourcing shall not relieve BNYM of any of its obligations, responsibilities or liabilities hereunder, and provided such functions, services, duties or obligations are performed by the third party at a substantially similar service level as that performed by BNYM. A change of control (as defined above) of either party shall not constitute an assignment of this Agreement.
Appears in 5 contracts
Samples: Sub Administration and Accounting Services Agreement (Touchstone Institutional Funds Trust), Sub Administration and Accounting Services Agreement (Touchstone Variable Series Trust), Sub Administration and Accounting Services Agreement (Touchstone Strategic Trust)
