Status of the Manager. The SPE and the Manager are not partners or joint venturers with each other and nothing herein shall be construed to make them partners or joint venturers or impose any liability as such on either of them. The Manager shall for all purposes be an independent contractor and not an agent of the SPE.
Appears in 2 contracts
Sources: Management Agreement (NewStar Financial, Inc.), Management Agreement (NewStar Financial, Inc.)