General Delegation of Authority. Subject to and in accordance with the terms, conditions and limitations of the Trust Indenture and to the other provisions of this Agreement, the Trustee hereby delegates to the Administrator, and the Administrator hereby accepts the delegation of, the authority to perform the Trustee’s duties under the Trust Indenture, and agrees to be responsible for the administration and management of all general and administrative affairs of the Trust in accordance with the provisions hereof. The exercise of powers by the Administrator shall not adversely affect the status of the Trust as a “unit trust” and a “mutual fund trust” for the purposes of the Tax Act.
General Delegation of Authority. Subject to and in accordance with the terms, conditions and limitations of the Trust Indenture and to the other provisions of this Agreement, the Trustee hereby delegates to the Administrator, and the Administrator hereby accepts the delegation of, the authority and responsibility and obligation to perform the Trustee’s duties and responsibilities under the Trust Indenture provided for herein, and agrees to be responsible for the administration and management of all general and administrative affairs of the Trust in accordance with the provisions hereof.
General Delegation of Authority. Subject to the supervision of, and restrictions imposed from time to time by, the board of directors of the FHT Trustee and to the other provisions of this Agreement, the FHT Trustee as trustee of FHT hereby delegates to Manager, and Manager hereby accepts the delegation of, authority to manage the general and administrative affairs of FHT, all in accordance with the provisions hereof. Subject to the supervision of, and restrictions imposed from time to time by, the Board and to the other provisions of this Agreement, the Corporation, as managing partner of the Partnership, hereby delegates to Manager, and Manager hereby accepts the delegation of, authority to manage the general administrative affairs of the Partnership, all in accordance with the provisions hereof.
General Delegation of Authority. Subject to the supervision of the Board and to the other provisions of this Agreement, the Corporation hereby delegates to Manager, and Manager hereby accepts the delegation of, authority to perform its duties relating to the management and administration of the general and administrative affairs of the Corporation, all in accordance with the provisions hereof.
