Delegation to Administrator Sample Clauses

Delegation to Administrator. The Company has caused each Project Company to enter into the applicable Management Services Agreement with the Administrator for the administration of such Project Company, upon the terms and conditions set forth in the applicable Management Services Agreement. The Management Services Agreements may only be terminated pursuant to the provisions thereof (as modified by any related consent to assignment as executed by the respective Project Company); and until the occurrence of the Flip Point, and unless terminated pursuant to the provisions thereof, the Administrator shall be Noble Asset Management, LLC for so long as the Initial Member shall own Class B Units hereunder. In the event any Management Services Agreement is terminated in accordance with its terms, any replacement administrator shall be approved by the Required Voting Percentage. Subject to Section 6.04, with respect to duties discharged hereunder by the Managing Member, the Managing Member may discharge such duties through the personnel of an Affiliate of the Managing Member. Except as specified in the Management Services Agreements or in any other agreement with the Company, neither the Managing Member nor its Affiliates shall be entitled to compensation for services rendered pursuant to Section 6.01 or Section 6.02 other than the reimbursement of third-party expenses.
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Delegation to Administrator. The Trustee hereby delegates solely and exclusively to the Administrator, and the Administrator hereby agrees to be responsible for, the general administration of the affairs of the Fund as more particularly set forth in Section 2.02 below.
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Delegation to Administrator. With respect to certain of the services provided under this Agreement, Client may request, and Bank may agree, that certain aspects of Client’s role in connection with such services be delegated to an administrative representative of Client (the “Administrator”). In connection with any services for which an Administrator has been designated, the Bank will set up such services as if there were only one user, the Administrator, and the Administrator will assign rights and duties with respect to such services to other officers and employees of Client as Administrator may select. Client agrees that with respect to any service for which an Administrator is selected, (a) Bank may look solely to the Administrator as the sole user of such service, (b) Bank shall be deemed to have no knowledge of, or responsibility for, (i) the identity of any person who the Administrator or Client may have designated as a user of the service, (ii) the status of any such designation (i.e. whether such designation is in effect or has been changed), or (iii) any act or omission by any such person, in each case listed above, notwithstanding any actual knowledge Bank may have regarding any such matter. Client recognizes and agrees that Client has sole responsibility for (i) the selection of any person designated by Administrator or Client as a user of any service and (ii) the acts and omissions of any such person in connection with any service. Client holds Bank harmless from and against any claim relating to the identity of any person selected by the Administrator or Client to use a service, the status of any such delegation, and acts or omissions of any such person with respect to any service.
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Delegation to Administrator 
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Related to Delegation to Administrator

  • DELEGATION TO THE CUSTODIAN AS FOREIGN CUSTODY MANAGER. Each Fund, by resolution adopted by its Board, hereby delegates to the Custodian, subject to Section (b) of Rule 17f-5, the responsibilities set forth in this Section 3.2 with respect to Foreign Assets of the Portfolios held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Portfolios.

  • Delegation to Affiliates The Borrower and the Lenders agree that the Agent may delegate any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate's directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Agent is entitled under Articles IX and X.

  • RESPONSIBILITY OF ADMINISTRATOR EIS shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Agreement. EIS shall be entitled to rely on and may act upon advice of counsel (who may be counsel for the Trust) on all matters, and shall be without liability for any action reasonably taken or omitted pursuant to such advice. Any person, even though also an officer, director, partner, employee or agent of EIS, who may be or become an officer, trustee, employee or agent of the Trust, shall be deemed, when rendering services to the Trust or acting on any business of the Trust (other than services or business in connection with the duties of EIS hereunder) to be rendering such services to or acting solely for the Trust and not as an officer, director, partner, employee or agent or one under the control or direction of EIS even though paid by EIS.

  • Engagement of Administrator The Issuer and the Owner Trustee engage the Administrator to perform the obligations of the Issuer and the Owner Trustee under the Transaction Documents as described in this Agreement, and the Administrator accepts the engagement.

  • APPOINTMENT OF ADMINISTRATOR Each Trust hereby appoints EIS as Administrator of the Trust and each of its series listed on SCHEDULE A attached hereto on the terms and conditions set forth in this Agreement; and EIS hereby accepts such appointment and agrees to perform the services and duties set forth in Section 2 of this Agreement in consideration of the compensation provided for in Section 4 hereof.

  • DELEGATION TO THE CUSTODIAN AS FOREIGN CUSTODY MANAGER Each Fund, by resolution adopted by its Board, hereby delegates to the Custodian, subject to Section (b) of Rule 17f-5, the responsibilities set forth in this Section 3.2 with respect to Foreign Assets of the Portfolios held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Portfolios.

  • Delegation of Board Review of Subcustodians From time to time, the Custodian may agree to perform certain reviews of Subcustodians and of Subcustodian Contracts as delegate of the Fund's Board. In such event, the Custodian's duties and obligations with respect to this delegated review will be performed in accordance with the terms of the attached 17f-5 Delegation Schedule to this Agreement.

  • Non-Ministerial Matters; Exceptions to Administrator Duties (i) Notwithstanding anything to the contrary in this Agreement, with respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless, within a reasonable time before the taking of such action, the Administrator shall have notified the Issuer of the proposed action and the Issuer shall not have withheld consent or provided an alternative direction. For the purpose of the preceding sentence, “non-ministerial matters” shall include, without limitation:

  • Removal of Administrator So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.

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