The Administrator’s Duties Sample Clauses

The Administrator’s Duties. The Administrator is appointed to act by the Trustees and its duties are owed solely to the Trustees on the basis of these Terms. The Administrator will provide the Services (or such other services as may be agreed in writing between the Trustees and the Administrator) with the reasonable skill and care of a professional trust service provider in all cases as soon as reasonably practical. Time shall not be of the essence of the Agreement. The Trustees agree that in connection with the provision of the Services the Administrator may instruct legal and other advisors from time to time on behalf of the Trustees and it is agreed that such costs shall be covered by the indemnity arrangements referred to herein. The Trustees agree that the scope of the Services is as described in the Schedule. The Administrator shall not be responsible for providing any advice or other services outside this scope unless otherwise agreed in writing. It is possible that relevant changes in law or regulation or its proper interpretation or application may occur after provision of the Services or any aspect of them. Unless the Administrator has specifically agreed to the contrary in the Agreement, they shall not be obliged to provide any advice in respect of such changes or their implication nor to revise, amend or qualify the Services or any aspect of them that have already been provided when such changes occurred. Some Services may be delegated to other offices of the Administrator. For the purposes of clarification it is recorded that the Administrator will not be providing any tax or investment advice under the Agreement.
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The Administrator’s Duties. 5.1 The Administrator shall at all times act in accordance with all reasonable and proper directions, orders and instructions given by the Board or any person they believe to be duly authorised by the Board in all matters concerning the Company and the Business of the Company. Such instructions may be communicated orally or in writing or by electronic means or otherwise and with or without authentication.
Sample 1
The Administrator’s Duties. As Administrator, and subject to the supervision and control of the Board of Trustees of the Trust (the "Board") and in accordance with Proper Instructions (as defined hereafter) from the Trust, the Administrator will provide facilities, equipment, and personnel to carry out the following administrative services for operation of the business and affairs of the Trust and each of its Funds:
Sample 1

Related to The Administrator’s Duties

  • Duties of the Administrator (a) Duties with respect to the Note Depository Agreement and the Indenture.

  • Activities of the Administrator The services of the Administrator to the Company are not to be deemed to be exclusive, and the Administrator and each affiliate is free to render services to others. It is understood that directors, officers, employees and stockholders of the Company are or may become interested in the Administrator and its affiliates, as directors, officers, members, managers, employees, partners, stockholders or otherwise, and that the Administrator and directors, officers, members, managers, employees, partners and stockholders of the Administrator and its affiliates are or may become similarly interested in the Company as stockholders or otherwise.

  • The Administrator The Administrator shall furnish at its own expense the executive, supervisory and clerical personnel necessary to perform its obligations under this Agreement. The Administrator shall also provide the items which it is obligated to provide under this Agreement, and shall pay all compensation, if any, of officers of the Trust as well as all Trustees of the Trust who are affiliated persons of the Administrator or any affiliated corporation of the Administrator; provided, however, that unless otherwise specifically provided, the Administrator shall not be obligated to pay the compensation of any employee of the Trust retained by the Trustees of the Trust to perform services on behalf of the Trust.

  • Retention of the Administrator The Trust hereby retains the Administrator to act as the administrator of the Portfolios and to furnish the Portfolios with the management and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Administrator shall, for all purposes herein, be deemed to be an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Trust in any way and shall not be deemed an agent of the Trust.

  • Services of the Administrator Subject to the general supervision of the Board of Directors of the Fund, the Administrator shall provide the following administrative services:

  • Administrator Duties The Administrator has a duty to perform or observe all tasks to be performed or observed by the Administrator contained in this Agreement or otherwise.

  • Duties of Administrator Subject to the policies and direction of the Trust’s Board of Trustees (“Trustees”), the Administrator shall provide, or cause to be furnished by others, the fund accounting, administrative, and other services reasonably necessary for the operation of the Trust and Fund as set forth in Exhibit A, attached hereto and made a part hereof. The Administrator shall exercise reasonable customary care in the performance of its duties under this Agreement.

  • Other Activities of the Administrator Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an Administrator for any other Person even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.

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