Delegation Agreement definition
Examples of Delegation Agreement in a sentence
The Delegated Sponsor has accepted such delegation and hereby agrees to render such services to the Trust on the terms and conditions set forth in this Agreement, the Trust Agreement and the Delegation Agreement.
Pursuant to Section 6.02(j), the Cayman Trustee is expressly authorized to delegate to the Delegated Sponsor by means of the Delegation Agreement, any or all of its powers, duties, rights and authorities under this Trust Agreement.
The scope, terms, conditions and limitations of any such delegation shall be governed exclusively by the Delegation Agreement as in effect from time to time.
The Delegated Sponsor will perform such delegated duties for the Trust as a delegate of the Cayman Trustee as set forth in Schedule B of the Delegation Agreement in accordance with the Delegated Sponsor’s good faith.
Delegated Sponsor’s compensation is paid in consideration of Delegated Sponsor’s (i) services under this Agreement, the Trust Agreement, and the Delegation Agreement and (ii) the payment by Delegated Sponsor of the Trust expenses described in paragraph 8 below.