Common use of Delegation to Third Parties Clause in Contracts

Delegation to Third Parties. (a) Except where prohibited by applicable law or regulation, with the exception of portfolio management, the Subadviser may delegate any or all of its functions under this agreement to an Affiliate and may employ a third party to perform any accounting, administrative, reporting and ancillary services required to enable the Subadviser to perform its functions under this Agreement, but the Subadviser’s liability to the Co-Managers shall not be affected thereby. (b) Notwithstanding any other provision of the Agreement, the Subadviser may provide information about the Co-Managers and the Portfolio to any such Affiliate or other third party for the purposes of this Clause. The Subadviser will act in good faith and with due diligence in the selection, use and monitoring of third parties.

Appears in 1 contract

Samples: Subadvisory Agreement (American Skandia Trust)

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Delegation to Third Parties. (a) Except where prohibited by applicable law or regulation, with the exception of portfolio management, the Subadviser may delegate any or all of its functions under this agreement to an Affiliate and may employ a third party to - perform any accounting, administrative, reporting and ancillary services required to enable the Subadviser to perform its functions under this Agreement, but the Subadviser’s 's liability to the Co-Managers shall not be affected thereby. (b) Notwithstanding any other provision of the Agreement, the Subadviser may provide information about the Co-Managers and the Portfolio to any such Affiliate or other third party for the purposes of this Clause. The Subadviser will act in good faith and with due diligence in the selection, use and monitoring of third parties.

Appears in 1 contract

Samples: Subadvisory Agreement (American Skandia Trust)

Delegation to Third Parties. (a) Except where prohibited by applicable law or regulation, with the exception of portfolio management, the Subadviser may delegate any or all of its functions under this agreement to an Affiliate and may employ a third party to perform any accounting, administrative, reporting and ancillary services required to enable the Subadviser to perform its functions under this Agreement, but the Subadviser’s 's liability to the Co-Managers Manager shall not be affected thereby. (b) Notwithstanding any other provision of the Agreement, the Subadviser may provide information about the Co-Managers Manager and the Portfolio to any such Affiliate or other third party for the purposes of this Clause. The Subadviser will act in good faith and with due diligence in the selection, use and monitoring of third parties.

Appears in 1 contract

Samples: Subadvisory Agreement (Target Portfolio Trust)

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Delegation to Third Parties. (a) Except where prohibited by applicable law or regulation, with the exception of portfolio management, the Subadviser may delegate any or all of its functions under this agreement to an Affiliate and may employ a third party to perform any accounting, administrative, reporting and ancillary services required to enable the Subadviser to perform its functions under this Agreement, but the Subadviser’s liability to the Co-Managers shall not be affected thereby. (b) Notwithstanding any other provision of the Agreement, the Subadviser may provide information about the Co-Managers Manager and the Portfolio to any such Affiliate or other third party for the purposes of this Clause. The Subadviser will act in good faith and with due diligence in the selection, use and monitoring of third parties.

Appears in 1 contract

Samples: Subadvisory Agreement (Strategic Partners Style Specific Funds)

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