Common use of The Administrator’s Duties Clause in Contracts

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.