Common use of EMPLOYMENT OF THE ADMINISTRATOR Clause in Contracts

EMPLOYMENT OF THE ADMINISTRATOR. The Fund hereby employs the Administrator to administer its affairs, subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Administrator hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Administrator shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

Appears in 7 contracts

Samples: Administration Agreement (Franklin Investors Securities Trust), Administration Agreement (Institutional Fiduciary Trust), Administration Agreement (Institutional Fiduciary Trust)

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EMPLOYMENT OF THE ADMINISTRATOR. The Fund Trust hereby employs the Administrator to administer its affairs, the affairs of the Fund subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Administrator hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Administrator shall for all purposes herein be deemed to be an independent contractor and shalland, except as expressly provided or authorized (whether herein or otherwise), shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the TrustFund.

Appears in 3 contracts

Samples: Administration Agreement (Ingenuity Capital Trust), Administration Agreement (Firsthand Funds), Administration Agreement (Ingenuity Capital Trust)

EMPLOYMENT OF THE ADMINISTRATOR. The Fund Trust hereby employs the Administrator to administer its affairs, the affairs of the Funds subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Administrator hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Administrator shall for all purposes herein be deemed to be an independent contractor and shalland, except as expressly provided or authorized (whether herein or otherwise), shall have no authority to act for or represent the Fund or the Trust Funds in any way or otherwise be deemed an agent of the Fund or the TrustFunds.

Appears in 3 contracts

Samples: Administration Agreement (Marketocracy Funds), Administration Agreement (Marketocracy Funds), Administration Agreement (Marketocracy Funds)

EMPLOYMENT OF THE ADMINISTRATOR. The Fund hereby employs the Administrator to administer its affairs, subject to the direction of the Board of Trustees and the officers of the TrustFund, for the period and on the terms hereinafter set forth. The Administrator hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Administrator shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the TrustFund.

Appears in 2 contracts

Samples: Administration Agreement (Franklin Money Fund), Administration Agreement (Franklin Money Fund)

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EMPLOYMENT OF THE ADMINISTRATOR. The Fund hereby employs the Administrator to administer its affairs, the affairs of the Fund subject to the direction of the Board of Trustees and the officers of the TrustFund, for the period and on the terms hereinafter set forth. The Administrator hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Administrator shall for all purposes herein be deemed to be an independent contractor and shalland, except as expressly provided or authorized (whether herein or otherwise), shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the TrustFund.

Appears in 2 contracts

Samples: Administration Agreement (Interactive Investments), Administration Agreement (Interactive Investments)

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