Examples of Administered Entity in a sentence
Where an Administered Entity is a company or a partnership, PTCL shall not be held liable for any loss or damage suffered by any Client, Administered Entity or third party unless suffered as a result of PTCL’s actual fraud, wilful misconduct or gross negligence.
The Client and / or Administered Entity shall be deemed to have agreed to any and all such variations once they have been published.
PTCL’s relationship with the Client and Administered Entities is governed by Jersey law and is subject to the exclusive jurisdiction of the courts of the Jersey, unless otherwise expressly stated in the documentation of an Administered Entity.
Seasonal wise variations are represented with colour code: Spring – Red; Summer – Green; Monsoon – Violet; Winter – Blue.
Unless otherwise agreed in writing between the Client and PTCL, PTCL will not retain any commission, interest rebate, retrocession or any payment of any kind from any service provider payable as a result of an introduction, work undertaken, or transaction entered into on behalf of an Administered Entity.
If during the course of providing the Services we consider it necessary or appropriate to seek legal or other advice upon any matter relating to the provision of the Services or any transaction in which an Administered Entity is engaged, we reserve the right to use the services of an appropriate professional of our choice, the cost of which is recoverablefrom the Administered Entity and which may be shown as a disbursement on our next invoice or be billed separately.
PTCL’s Fee Schedule is available upon request PTCL shall be entitled to payment of such fees and disbursements as and when they become due from the assets held by an Administered Entity without requirement for authority from any person.
A special circumstance may apply if the resulting facility is originally intended for demonstration purposes but is later deemed to be successful and is used for operations.
While it is the Client’s ongoing responsibility to obtain any specialist advice as may be required from time to time, PTCL may take such tax, legal, financial, accounting or other advice in relation to an Administered Entity as it deems appropriate, and all charges for such advice will be payable by the Administered Entity.
If PTCL becomes aware of a material conflict of interest or duty which affects the interests of the Client or of an Administered Entity, PTCL shall consider how to manage such conflict of interest and shall notify the Client, if and to the extent that PTCL considers appropriate, and/or put procedures in place in relation to confidentiality and independence of advice.