Common use of Sub-contractors and Assignment Clause in Contracts

Sub-contractors and Assignment. A. This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted successors and assigns. B. FAS may without further consent on the part of the Investment Company subcontract for the performance of Administrative Services with a sub-contractor selected by FAS. FAS shall be as fully responsible to the Investment Company for the acts and omissions of any subcontractor as it is for its own acts and omissions. C. FAS shall upon instruction from the Investment Company subcontract for the performance of services under this Agreement with an agent selected by the Investment Company, other than as described in 7.B. above, provided, however, that FAS shall in no way be responsible to the Investment Company for the acts and omissions of the agent. D. FAS may, without further consent on the part of the Investment Company, assign its rights and obligations under this Agreement to any entity ultimately controlled by Federated Investors, Inc. E. Except as provided in Paragraph 7.D., FAS may not assign its rights and obligations under this Agreement, whether directly or by operation of law, without the prior written consent of the Investment Company, which consent may not be unreasonably withheld.

Sub-contractors and Assignment. A. This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted successors and assigns. B. FAS The Company may without further consent on the part of the Investment Company subcontract for the performance of Administrative Services with a sub-contractor selected by FASthe Company. FAS The Company shall be as fully responsible to the Investment Company for the acts and omissions of any subcontractor as it is for its own acts and omissions. C. FAS The Company shall upon instruction from the Investment Company subcontract for the performance of services under this Agreement with an agent selected by the Investment Company, other than as described in 7.B. 6.B. above, provided, however, that FAS the Company shall in no way be responsible to the Investment Company for the acts and omissions of the agent. D. FAS The Company may, without further consent on the part of the Investment Company, assign its rights and obligations under this Agreement to any entity ultimately controlled by Federated Investors, Inc. E. Except as provided in Paragraph 7.D.6.D., FAS the Company may not assign its rights and obligations under this Agreement, whether directly or by operation of law, without the prior written consent of the Investment Company, which consent may not be unreasonably withheld.