SERVICES PROVIDED BY AND EXPENSES OF SERVICE COMPANY Sample Clauses
The "Services Provided by and Expenses of Service Company" clause defines the scope of services that the service company is obligated to perform and clarifies how related expenses will be handled. Typically, this clause lists the specific tasks or functions the service company must deliver, such as administrative support, technical assistance, or maintenance, and outlines whether the company will be reimbursed for its costs or if expenses are included in a fixed fee. Its core function is to ensure both parties have a clear understanding of the services to be rendered and the financial responsibilities associated with those services, thereby preventing disputes over service expectations and cost allocation.
SERVICES PROVIDED BY AND EXPENSES OF SERVICE COMPANY. 3.1 Services to be Provided to Funds. Service Company shall with respect to each Fund, subject to the direction and control of the Board of Trustees and officers of the Fund:
A. Manage, administer and/or conduct the general business activities of the Fund.
B. Provide the personnel and obtain the office space, facilities and equipment necessary to perform such general business activities under the direction of the Funds’ executive officers (who may also be officers of Service Company) who will have the full responsibility for the general management of these functions.
C. Establish wholly-owned subsidiaries, and supervise the management and operations of such subsidiaries, as are necessary or appropriate to carry on or support the business activities of the Fund; and authorize such subsidiaries to perform such other functions for the Fund, including organizing new investment companies which are intended to become parties to this Agreement pursuant to Section 5.4 or Section 5.5, as Service Company’s Board of Directors shall determine. No provisions hereof shall prohibit the Service Company from performing such additional services to the Fund as the Fund’s Board of Trustees may appropriately request and which two-thirds of the shareholders of the Service Company shall approve.
SERVICES PROVIDED BY AND EXPENSES OF SERVICE COMPANY. 3.1 Services to be Provided to Funds. Service Company shall with respect to each Fund, subject to the direction and control of the Board of Directors and officers of the Fund: A. Manage, administer and/or conduct the general business activities of the Fund.