Subcontractors. 1. FAS may without further consent on the part of the Investment Company at FAS’s own expense, 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. 2. 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 D.1. above, provided, however, that FAS shall in no way be responsible to the Investment Company for the acts and omissions of the agent and the expenses of such agent shall be the responsibility of FAS or the Investment Company, as the parties may agree from time to time.
Appears in 256 contracts
Samples: Administrative Services Agreement (Federated Hermes Fixed Income Securities, Inc.), Administrative Services Agreement (Federated Hermes Total Return Series, Inc.), Administrative Services Agreement (Federated Hermes Project & Trade Finance Tender Fund)
