Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of the Painting by the Issuer or Masterworks Cayman, and the terms and conditions thereof) shall be the responsibility of the Parties other than the Administrator.
Appears in 152 contracts
Samples: Management Services Agreement (Masterworks 145, LLC), Administrative Services Agreement (Masterworks 139, LLC), Form of Administrative Services Agreement (Masterworks 140, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of the Painting Artwork by the Issuer or Masterworks Cayman, and the terms and conditions thereof) shall be the responsibility of the Parties other than the Administrator.
Appears in 146 contracts
Samples: Management Services Agreement (Masterworks 288, LLC), Management Services Agreement (Masterworks 254, LLC), Management Services Agreement (Masterworks 284, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of the Painting Artwork by the Issuer or Masterworks CaymanCayman on behalf of the Portfolio, and the terms and conditions thereof) shall be the responsibility of the Parties other than the Administrator.
Appears in 11 contracts
Samples: Administrative Services Agreement (Masterworks 007, LLC), Administrative Services Agreement (Masterworks 097, LLC), Administrative Services Agreement (Masterworks 001, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of the Painting Artwork by the Issuer a Series or Masterworks Cayman, and the terms and conditions thereof) shall be the responsibility of the Parties other than the Administrator.
Appears in 8 contracts
Samples: Management Services Agreement (Masterworks Vault 2, LLC), Management Services Agreement (Masterworks Vault 1, LLC), Management Services Agreement (Masterworks Vault 3, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties Issuer (including the ultimate approval of the making or disposition of the any Painting by the Issuer or Masterworks CaymanIssuer, and the terms and conditions thereof) shall be the responsibility of the Parties other than the AdministratorIssuer and its members.
Appears in 3 contracts
Samples: Form of Administrative Services Agreement (Masterworks 001, LLC), Form of Administrative Services Agreement (Masterworks 001, LLC), Form of Administrative Services Agreement (Masterworks 001, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of the Painting by the Issuer or Masterworks MW Cayman, and the terms and conditions thereof) shall be the responsibility of the Parties other than the Administrator.
Appears in 3 contracts
Samples: Administrative Services Agreement (Masterworks 002, LLC), Form of Administrative Services Agreement (Masterworks 002, LLC), Form of Administrative Services Agreement (Masterworks 003, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of Artwork by Holdco or the Painting by the Issuer or Masterworks CaymanSegregated Portfolio, and the terms and conditions thereof) shall be the responsibility of the Parties other than the Administrator.
Appears in 3 contracts
Samples: Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of the Painting by the Issuer or Masterworks CaymanArt Holdco , and the terms and conditions thereof) shall be the responsibility of the Parties other than the AdministratorAdministrator .
Appears in 1 contract
Samples: Form of Administrative Services Agreement (Masterworks 002, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties (including the ultimate approval of the making or disposition of the Painting by the Issuer or Masterworks CaymanIssuer, and the terms and conditions thereof) shall be the responsibility of the Parties other than the Administrator.
Appears in 1 contract
Samples: Form of Administrative Services Agreement (Masterworks 003, LLC)
Independent Contractor; Authority. Notwithstanding the Services provided by the Administrator pursuant to this Agreement, the Administrator shall be deemed to be an independent contractor with respect to the Services. The management, policies and operations of the Parties Issuer (including the ultimate approval of the making or disposition of the any Painting by the Issuer or Masterworks MW Cayman, and the terms and conditions thereof) shall be the responsibility of the Parties other than the AdministratorIssuer and its members.
Appears in 1 contract
Samples: Form of Administrative Services Agreement (Masterworks 002, LLC)
