Common use of Management and Administration Services Clause in Contracts

Management and Administration Services. For so long as this Agreement is in place, and subject to any applicable regulatory rules and requirements: 2.13.1 The Company acknowledges that it is expected that Subsidiaries of the Company will, from time to time, appoint Brookfield as investment manager and not appoint any other person to provide any investment management services to Subsidiaries of the Company without the prior consent of Brookfield. BAM agrees that it will, or will cause the appropriate Brookfield entity, to accept such appointment. 2.13.2 Without the prior written consent of BAM, the Company will not appoint, and will not consent to any Subsidiaries of the Company appointing, any direct competitor to BAM’s asset management business, as determined by BAM acting reasonably, for the provision of any material administrative services or support services, including for certainty the provision of the services of any executive officer or senior management function. For greater certainty, Brookfield remains subject at all times to the supervision and direction of the board of directors of the applicable Subsidiary with respect to the provision of investment management services to Subsidiaries of the Company in accordance with the applicable investment management agreement.