Activities of Administrator Sample Clauses
The "Activities of Administrator" clause defines the roles, responsibilities, and permitted actions of the administrator under the agreement. It typically outlines the scope of the administrator's authority, such as managing records, overseeing compliance, or executing certain decisions on behalf of the parties. By clearly delineating what the administrator can and cannot do, this clause ensures operational clarity and helps prevent disputes over the extent of the administrator's powers.
Activities of Administrator. The services of Administrator are not deemed to be exclusive, and Administrator is free to render services to others, so long as Administrator’s services under this Agreement are not impaired. It is understood that trustees, officers, employees and shareholders of Trust are or may become interested persons of Administrator, as directors, officers, employees and shareholders or otherwise, and that directors, officers, employees and shareholders of Administrator are or may become similarly interested persons of Trust, and that Administrator may become interested in Trust or the Funds as a shareholder or otherwise.
Activities of Administrator. Except to the extent necessary to perform its obligations under this Agreement, nothing herein shall be deemed to limit or restrict the Administrator's right, or the right of any of its officers, directors or employees (whether or not they are a trustee, officer, employee or other affiliated person of the Trust) to engage in any other business or to devote time and attention to the Administration or other aspects of any other business, whether of a similar or dissimilar nature, or to render services of any kind to any other corporation, trust, firm, individual or association.
Activities of Administrator. (a) The services furnished by the --------------------------- Administrator to the Fund hereunder are not to be deemed exclusive, and the Administrator and its affiliates shall be free to render services to others and engage in other activities; provided, however, that any such other services and activities do not, during the term of this Agreement, interfere, in a material manner, with the Administrator's ability to meet all of its obligations to the Fund hereunder.
(b) Subject to and in accordance with the charter and bylaws of the Fund, the 1940 Act and the rules thereunder, it is understood that directors, officers, agents and shareholders of the Fund are or may be interested in the Administrator or its affiliated persons as directors, officers, agents or shareholders or otherwise; that directors, officers, agents and shareholders of the Administrator or its affiliated persons are or may be interested in the Fund as directors, officers, agents, shareholders or otherwise; that the Administrator or its affiliated persons may be interested in the Fund as a shareholder or otherwise; and that the effect of any such interests shall be governed by the charter and bylaws of the Fund and the 1940 Act and the rules thereunder.
Activities of Administrator. (a) The Services rendered by Administrator under this Agreement are not to be deemed exclusive and Administrator shall be free to render similar services to others. The Trust recognizes that, from time to time, directors, officers and employees of Administrator may serve as directors, officers and employees of other corporations or businesses (including other investment companies) and that such other corporations and businesses may include Administrator as part of their name and that Administrator or its affiliates may enter into administrative, bookkeeping, pricing agreements or other agreements with such other corporations and businesses.
(b) Administrator may require the Trust or its adviser to enter into an additional agreement or agree to certain terms of use relating to the creation of, or to obtain access to Administrator’s web portal. Administrator is not obligated to provide access to such web portal (and this Agreement does not create any such obligation). Administrator may discontinue or suspend the availability of any web portal at any time without prior notice; Administrator will endeavor to notify Trust as soon as reasonably practicable of such action if it occurs. If access is provided to a web portal, with or without the parties entering into additional agreements or terms of use, the Trust acknowledges that Administrator does not guarantee the accuracy of any information or services provided in or by the web portal. Further, the Trust acknowledges that Administrator and its affiliates, including their respective officers, directors, agents and employees, shall not be liable for, and the Trust agrees to indemnify, defend and hold harmless such persons from any claim, loss, or other damage (as otherwise described in Section 4(b)) arising directly or indirectly from the Trust’s or service providers’ use of the web portal and/or any information or service provided therein.
(c) Portfolio compliance with: (i) the investment objective and certain policies and restrictions as disclosed in a Fund’s prospectus(es) and statement(s) of additional information, as applicable; and (ii) certain SEC rules and regulations (collectively, “Portfolio Compliance”) is required daily and is the responsibility of the Trust or a Fund’s adviser/sub-adviser, as applicable.
Activities of Administrator