Managers Duties and Responsibilities Sample Clauses

Managers Duties and Responsibilities. Manager will faithfully perform all of its duties in a commercially reasonable manner, to the best of its professional knowledge, skill and judgment The Manager's duties include the following:
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Managers Duties and Responsibilities. 3.1 Manager shall provide investment management services and other similar services in accordance with this Agreement. In that respect, all right, title and interest in and to the assets shall at all times be vested in the Plan. All assets held in the Account hereunder shall be kept with the same care as Manager exercises in respect of its own assets. 3.2 As a fiduciary, Manager shall have the discretion to manage, invest and reinvest the assets in the Account according to the terms of this Agreement and the Guidelines of the Board. 3.3 Manager agrees and is authorized as follows: a. Manager is authorized to invest the assets of the Account in XXXX assets, subject to the written Guidelines of the Board and pursuant to the Constitution and the statutes of the State of Oklahoma. Manager agrees to receive and hold all such assets that are invested pursuant to all the terms and conditions herein set forth for the exclusive benefit of the beneficiaries of the Plan and shall not divert any such assets for any other purpose. Such assets include any income or earnings thereon which Manager shall be directed to reinvest. b. Manager is authorized to buy, sell, exchange, convey, transfer or otherwise trade any xxxx asset, or any other asset held in the Account to the extent permitted and authorized by this Agreement and the Guidelines of the Board. c. Manager is authorized to execute in the Plan’s name such ownership and other certificates or documents as may be required or necessary to carry out the duties and responsibilities established under this Agreement. d. Manager will forward daily its confirmation respecting each transaction to the Master Custodian and the Plan, giving the appropriate information, which resulted in the transaction. e. All payments received by Manager of dividends, interest, sales and/or redemptions shall be forwarded immediately to the Master Custodian. Manager shall not hold cash at any time. f. All transactions will be consummated by payment to, or delivery by, the Board or Master Custodian, of all cash and/or securities due to or from the Account. 3.4 Manager shall be responsible for the proper diversification of the assets under its discretion, provided, however, such responsibility is subject to and limited by the Instructions to it issued by the Board. It is understood that the Board is responsible for the overall diversification of the assets of the Plan, and any statutory limitations thereon. 3.5 Manager shall be responsible for vot...
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Managers Duties and Responsibilities. Manager is hereby retained as the resident manager for the Project, and as such is required to perform all services normally done by condominium project resident managers in the Mammoth Lakes area, as directed by Board, including, but not limited to, the following:
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Managers Duties and Responsibilities. 3.1 Manager shall provide investment management services and other related services as specified in this Agreement. In that respect, all right, title and interest in and to the assets shall at all times be vested in the Fund. All assets held in the Account hereunder shall be kept with the same care as Manager exercises in respect of its own assets. 3.2 As a fiduciary, Manager shall have the discretion to manage, invest and reinvest the assets in the Account according to the terms of this Agreement and the Policy of the Board. 3.3 Manager agrees and is authorized as follows: a. Manager is authorized to invest the Fund assets in the Account, subject to the written Policy of the Board and pursuant to the statutes of the State of Oklahoma created by section 47 of Title 62 of Oklahoma Statutes. Manager agrees such assets will be invested pursuant to all the terms and conditions herein set forth for the exclusive benefit of the Fund and shall not divert any such assets for any other purpose. Such assets include any income or earnings thereon which Manager shall be directed to reinvest. b. Manager is authorized to buy, sell, exchange, convey, transfer or otherwise trade any assets held in the Account to the extent permitted and authorized by this Agreement and the Policy of the Board. c. Manager is authorized to execute in the Fund's name such ownership and other certificates, documents and contracts as may be required or necessary to carry out the duties and responsibilities established under this Agreement. d. Manager will provide the Master Custodian with such information as is necessary to settle each transaction. e. All transactions will be consummated by payment to, or delivery by, the Master Custodian, of all cash and/or securities due to or from the Account. 3.4 Manager shall be responsible for the proper diversification of the assets under its discretion, provided, however, such responsibility is subject to and limited by the Policy attached as Exhibit A to this Agreement. It is understood that the Board is responsible for the overall diversification of the assets of the Fund, and any statutory limitations thereon. 3.5 Manager shall be responsible for voting all proxies which are timely received by the Manager, which proxies are solicited by or with respect to the issuers of securities in which assets of the Fund in the Account may be invested, according to the Proxy Voting guidelines of the Manager. Manager shall issue a report to the Board at least onc...
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Managers Duties and Responsibilities 
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Related to Managers Duties and Responsibilities

  • Position, Duties and Responsibilities (a) During the Term, Executive will be employed by the REIT Operator and will serve as the Chief Operating Officer of the REIT, reporting directly to the Co-Chief Executive Officers (the “Co-CEOs”) or the board of directors (the “Board of Directors” or the “Board”) of the REIT. In this capacity, Executive shall have the duties, authorities and responsibilities as are required by Executive’s position commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to Executive as the Co-CEOs of the REIT or the Board shall designate from time to time that are not inconsistent with Executive’s position and that are consistent with the bylaws of the REIT, the limited partnership agreement of the Operating Company, and the limited liability company agreement of the REIT Operator, each as may be amended from time to time, including, but not limited to, managing the affairs of the Company. (b) During the Term, Executive will, without additional compensation, also serve on the board of directors of, serve as an officer of, or perform such executive and consulting services for, or on behalf of, such subsidiaries of the REIT as the Co-CEOs of the REIT or the Board may, from time to time, request. (c) During the Term, Executive will serve the Company faithfully, diligently, and to the best of Executive’s ability and will devote substantially all of Executive’s business time and attention to the performance of Executive’s duties hereunder, and shall have no other employment (including self-employment), whether or not such activity is engaged in for pecuniary profit; provided, that, nothing contained herein shall prohibit Executive from (i) participating in trade associations or industry organizations in furtherance of the Company’s interests, (ii) engaging in charitable, civic, educational or political activities, (iii) engaging in passive personal investment activities for Executive and Executive’s family or (iv) accepting directorships or similar positions, subject to approval in advance by the Board of Directors of the REIT, which approval shall not be unreasonably withheld (together, the “Personal Activities”), in each case so long as the Personal Activities do not (x) unreasonably interfere, individually or in the aggregate, with the performance of Executive’s duties to the Company under this Agreement, (y) have an adverse impact on the Company’s business reputation, or (z) violate the Restrictive Covenants (as defined below), in each case as determined by the Board. (d) During the Term, Executive shall perform the services required by this Agreement at the Company’s principal offices located in Dallas, Texas (the “Principal Location”), except for travel to other locations as may be necessary to fulfill Executive’s duties and responsibilities hereunder.

  • Duties and Responsibilities (a) The Auction Agent is acting solely as agent for the Trust hereunder and owes no fiduciary duties to any other Person by reason of this Agreement. (b) The Auction Agent undertakes to perform such duties and only such duties as are set forth specifically in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Auction Agent. (c) In the absence of bad faith or negligence on its part, the Auction Agent shall not be liable for any action taken, suffered or omitted by it, or for any error of judgment made by it in the performance of its duties under this Agreement. The Auction Agent shall not be liable for any error of judgment made in good faith unless the Auction Agent shall have been negligent in ascertaining (or failing to ascertain) the pertinent facts.

  • General Duties and Responsibilities 1. Responsibilities under the General Conditions of the Contract for Construction: In addition to the responsibilities herein set forth, Consulting Engineer/Architect agrees to be responsible for those matters identified in the General Conditions as being responsibilities of the Consulting Engineer/Architect. Consulting Engineer/Architect specifically acknowledges receipt of a copy of the General Conditions and acceptance of the responsibilities as set forth therein.

  • Employment Duties and Responsibilities A) The Company shall employ the Executive, and the Executive shall serve the Company, as President and Chief Executive Officer, with such duties and responsibilities as may be assigned to the Executive by the Board of Directors of the Company (“BOD”) and are typically associated with a position of that nature. B) The Executive shall devote his best efforts and all of his business time to the performance of his duties under this Agreement and shall perform them faithfully, diligently and competently in a manner consistent with the policies and goals of the Company as determined from time to time by the BOD. C) The Executive shall report to the BOD of the Company. D) The Executive shall not engage in any activities outside the scope of his employment that would detract from, or interfere with, the fulfillment of his responsibilities or duties under this Agreement. E) The Executive shall not serve as a director (or the equivalent position) of any company or entity other than the Company and shall not render services of a business, professional or commercial nature to any other person or firm, except for not-for-profit entities, without prior written consent of the BOD. Such consent shall not be unreasonably withheld. F) The Executive shall not receive fees or other remuneration for work performed either within or outside the scope of his employment without prior written consent of the BOD. Such consent shall not be unreasonably withheld.

  • Certain Duties and Responsibilities The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act. Notwithstanding the foregoing, no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section.