Common use of Duties as Administrator Clause in Contracts

Duties as Administrator. Subject to the supervision and direction of the General Partner’s Board of Directors, Management Directors and Audit Committee, the Administrator will perform the administrative services described in Appendix A hereto. Additional services may be provided by the Administrator upon the request of the Fund as mutually agreed from time to time. In performing its duties and obligations hereunder, the Administrator will act in accordance with the General Partner’s instructions as defined in Section 5 (“Instructions”). It is agreed and understood that the Administrator shall not be responsible for the Fund’s or the General Partner’s compliance with any applicable documents, laws or regulations, or for losses, costs or expenses arising out of the Fund’s or the General Partner’s failure to comply with said documents, laws or regulations or the Fund’s or the General Partner’s failure or inability to correct any non-compliance therewith. The Administrator shall in no event be required to take any action, which is in contravention of any applicable law, rule or regulation or any order or judgment of any court of competent jurisdiction.

Duties as Administrator. Subject to the supervision and direction of the General Partner’s Board of Directors, Management Directors and Audit Committee, the The Administrator will perform the administrative services described in Appendix A B hereto. Additional services may be provided by the Administrator upon the request of the Fund Trust as mutually agreed from time to time. In performing its duties and obligations hereunder, the Administrator will act in accordance with the General PartnerSponsor’s instructions as defined in Section 5 (“Instructions”). It is agreed and understood that the Administrator shall not be responsible for the FundTrust’s or the General Partnerany Fund’s compliance with any applicable documentsdocuments (including any Fund Records (as defined below) not created by the Administrator that the Administrator has agreed to maintain pursuant to Section 3.1 below), laws or regulations, or for losses, costs or expenses arising out of the FundTrust’s or the General Partnerany Fund’s failure to comply with said documents, laws or regulations or the FundTrust’s or the General Partnerany Fund’s failure or inability to correct any non-compliance therewith. The Administrator shall in no event be required to take any action, which is in contravention of any applicable law, rule or regulation or any order or judgment of any court of competent jurisdiction.