Power to Delegate. Subject to the prior written consent of the Partnership, the Manager may in the execution and exercise of all or any of its rights, authorities, powers, duties and obligations under this Agreement act by a member, responsible officer or employee for the time being of the Manager and may also delegate by power of attorney or otherwise to any person or persons or fluctuating body of persons all or any of the rights, authorities, powers, duties and obligations vested in the Manager by this Agreement and such delegation may be made upon such terms and conditions and subject to such regulations including power to sub-delegate as the Manager may think fit, provided that, except as otherwise agreed in writing by the Partnership, the Manager shall remain liable for the performance of its obligations by any such delegate.
Appears in 3 contracts
Sources: Fund Management Agreement, Fund Management Agreement, Fund Management Agreement