Common use of Flow-down of Agreement Terms Clause in Contracts

Flow-down of Agreement Terms. The Manager shall cause any Affiliate or third-party agent to perform delegated administrative duties in accordance with the terms of this Agreement, and the Manager remains liable for all services performed by an Affiliate or third-party agent as if such services were performed directly by the Manager. Neither the Company nor the FRBNY shall be directly liable to any Affiliate or third-party agent engaged by the Manager. The Manager shall not impose additional fees for such services or any expenses incurred by the Manager to engage a third-party agent except to the extent the Company consents to reimbursement of fees payable to third-party agents.