Delegation of Powers. The Placement Agent shall be entitled to delegate all or any of its duties, functions or powers under this Agreement to another person as sub-agents, subject to the provisions of the 1940 Act. However, the Placement Agent shall be solely responsible for the acts and omissions of any such sub-agent and for the payment of any remuneration to such sub-agent.
Appears in 10 contracts
Samples: Placement Agency Agreement (NB Crossroads Private Markets Fund VII LP), Placement Agency Agreement (NB Crossroads Private Markets Fund VI Custody LP), Placement Agency Agreement (NB Crossroads Private Markets Fund VI Advisory LP)
Delegation of Powers. The Placement Agent shall be entitled to delegate all or any of its duties, functions or powers under this Agreement to another person or persons as sub-agentsplacement agents (each, a “Sub-Placement Agent”), subject to the provisions of the 1940 Act. However, the Placement Agent shall be solely responsible for the acts and omissions of any such sub-agent and for the payment of any remuneration to such sub-agent.
Appears in 4 contracts
Samples: Placement Agent Agreement, Placement Agent Agreement (Goldman Sachs Private Markets Fund 2018 (A) LLC), Placement Agent Agreement (Goldman Sachs Private Markets Fund 2018 (B) LLC)
