REPRESENTATIONS WITH RESPECT TO THE Rule Clause Samples
The 'Representations with Respect to the Rule' clause requires parties to affirm that they understand, comply with, or meet specific requirements outlined by a particular rule referenced in the agreement. In practice, this means each party may need to confirm that they have the authority, knowledge, or qualifications necessary under the rule, and that their actions or status do not violate its provisions. This clause serves to ensure that all parties are legally aligned with the rule in question, reducing the risk of non-compliance and providing a basis for accountability if a party fails to meet the stated representations.
REPRESENTATIONS WITH RESPECT TO THE Rule. The Fund represents to the Adviser that the Board has determined that it is reasonable for the Board to rely on the Adviser to perform the responsibilities delegated pursuant to this Agreement to the Adviser as the Special Foreign Custody Manager of the Fund.