External Manager Clause Samples
The External Manager clause defines the role and responsibilities of a third-party entity appointed to manage certain aspects of an agreement or asset on behalf of the parties involved. Typically, this clause outlines the scope of the manager’s authority, the duties they are expected to perform, and any limitations or reporting requirements imposed on them. For example, an external manager might be responsible for overseeing investment portfolios, property management, or operational functions. The core practical function of this clause is to clearly allocate management duties to an independent party, thereby ensuring professional oversight and reducing potential conflicts of interest between the contracting parties.
External Manager. The term “External Manager” shall have the meaning as provided in Section 7.9 hereof.
External Manager. The appointment of the Consortium Manager is decided by the Steering Committee. He signs a separate agreement with each individual Consortium Member setting out the tasks and responsibilities listed below including a confidentiality obligation to ensure that it does not misuse any sensitive data it receives.
External Manager. External Manager means either of the following:
(A) A Person who is seeking to be, or is, retained by ▇▇▇▇▇▇▇ to manage a portfolio of securities or other assets for compensation, or
(B) A Person who manages an Investment Fund and who offers or sells, or has offered or sold, an ownership interest in the Investment Fund to CalPERS. The External Manager usually has full discretion to manage CalPERS’ assets, consistent with investment management guidelines provided by CalPERS and fiduciary responsibility.
External Manager. H.I.G. WhiteHorse Advisers, LLC