Common use of Appointment as Manager Clause in Contracts

Appointment as Manager. The FRBNY hereby appoints the Manager to manage, supervise, and direct the investment of a portion of the SOMA account as specified by the FRBNY (“Account”) under the terms and conditions set forth in this Agreement. By execution of this Agreement, the Manager ▇▇▇▇▇▇ accepts the appointment and agrees to manage, supervise, and direct the investment of the Account pursuant to the provisions of this Agreement.

Appointment as Manager. The FRBNY hereby appoints the Manager to manage, supervise, and direct the investment of a portion of the SOMA account as specified by the FRBNY (“Account”) under the terms and conditions set forth in this Agreement. By execution of this Agreement, the Manager ▇▇▇▇▇▇ hereby accepts the appointment and agrees to manage, supervise, and direct the investment of the Account pursuant to the provisions of this Agreement.