Delegation. Subject to Sections 2 and 3 below, and unless otherwise limited by this Agreement, State Street shall have the right to employ agents, subcontractors, consultants and other third parties, whether affiliated or unaffiliated, to provide or assist it in the provision of all or any part of the services performed pursuant to this Agreement (each, a “Delegate” and collectively, the “Delegates”) without the consent or approval of the Client. State Street shall be responsible for the services delivered by, and the acts and omissions of, any such Delegate as if State Street had provided such services and committed such acts and omissions itself. Unless otherwise agreed in a Fee Schedule approved in writing by the Client, State Street shall be responsible for the compensation of its Delegates.
Appears in 203 contracts
Sources: Financial Administration and Accounting Services Agreement (Federated Hermes Money Market Obligations Trust), Financial Administration and Accounting Services Agreement (Federated Hermes Adviser Series), Financial Administration and Accounting Services Agreement (Federated Hermes Institutional Trust)