Appointment of Asset Manager; Acceptance of Appointment Clause Samples
The "Appointment of Asset Manager; Acceptance of Appointment" clause formally designates a specific party as the asset manager for a portfolio or fund and records their acceptance of this role. Typically, this clause outlines the effective date of the appointment, the scope of the manager’s responsibilities, and any conditions precedent to the appointment taking effect. By clearly establishing who is responsible for managing the assets and confirming their agreement to undertake these duties, the clause ensures clarity of roles and helps prevent disputes regarding authority or responsibility over asset management.
POPULAR SAMPLE Copied 2 times
Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP Asset as of such date, individually, or 3% of the value of the #NHMOP Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.
Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the Series #TICKER Asset. The Asset Manager hereby accepts such appointment.
Appointment of Asset Manager; Acceptance of Appointment. The Managing Member, on behalf of the Company, hereby appoints the Asset Manager as asset manager to the Company for the purpose of managing the Asset and administrator for the company to provide the administrative services set forth below. The Asset Manager hereby accepts such appointment.
Appointment of Asset Manager; Acceptance of Appointment. Each Series hereby appoints the Asset Manager as its asset manager the purpose of managing its respective Asset. The Asset Manager hereby accepts such appointment.
Appointment of Asset Manager; Acceptance of Appointment. The #P7FJ5 hereby appoints the Asset Manager as asset manager to the #P7FJ5 for the purpose of managing the #P7FJ5 Asset. The Asset Manager hereby accepts such appointment.
Appointment of Asset Manager; Acceptance of Appointment. The #FTWDS hereby appoints the Asset Manager as asset manager to the #FTWDS for the purpose of managing the #FTWDS Asset. The Asset Manager hereby accepts such appointment.