Common use of INSTRUCTIONS AND ADVICE Clause in Contracts

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the Funds, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the Funds. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 30 contracts

Samples: Administration Agreement, Administration Agreement (Cohen & Steers MLP & Energy Opportunity Fund, Inc.), Administration Agreement (Cohen & Steers Preferred Securities & Income SMA Shares, Inc.)

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INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the FundsFund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 10 contracts

Samples: Administration Agreement (Sierra Prime Income Trust), Administration Agreement (Brantley Capital Corp), Administration Agreement (Orbitex Group of Funds)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or with the independent accountants for the Fund at the expense of the Fund, or with its own legal counsel at its own expense, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the FundsFund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 6 contracts

Samples: Administration Agreement (St Clair Funds Inc), Administration Agreement (Munder at Vantage Fund), Administration Agreement (Munder Funds Trust)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants auditors for the Fund at the expense of the Fund, or other authorized individuals designated in writing by the Fund, for instructions with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the FundsFund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person such officers or personsauthorized individuals. The Administrator shall not be held to have notice of any change of authority of any person officer or authorized individual until receipt of written notice thereof from the FundsFund. Nothing in this paragraph Section shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when receivedinstructions.

Appears in 3 contracts

Samples: Administration Agreement (Wasatch Funds Trust), Administration Agreement (Wasatch Funds Trust), Administration Agreement (Wasatch Funds Inc)

INSTRUCTIONS AND ADVICE. At any time, time the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants auditors for the Fund at the expense of the Fund, or with its own legal counsel with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, liable and shall be indemnified by the Funds, Fund for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document reasonably believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 2 contracts

Samples: Management Agreement (Lazard Funds Inc), Administration Agreement (Lazard Retirement Series Inc)

INSTRUCTIONS AND ADVICE. At any time, time the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the FundFund or its own legal counsel, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, liable and shall be indemnified by the Funds, Fund for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document reasonably believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 2 contracts

Samples: Administration Agreement (Countrybasket Index Fund Inc /Ny/), Administration Agreement (Countrybasket Index Fund Inc /Ny/)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the FundsFund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document reasonably believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 2 contracts

Samples: Administration Agreement (Lazard Global Total Return & Income Fund Inc), Administration Agreement (Lazard World Dividend & Income Fund, Inc.)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective a Fund or his or her designee for instructions and may consult with its own legal counsel or outside counsel for the a Fund or the independent accountants for the a Fund at the expense of the such Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the Fundseach Fund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the Fundsapplicable Fund. Nothing in this paragraph section shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 2 contracts

Samples: Form of Master Administration Agreement (Private Advisors Alternative Strategies Master Fund), Administration Agreement (Private Advisors Alternative Strategies Fund)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, or with its own legal counsel at its own expense with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the FundsFund, for any action taken or omitted by it in good faith and without negligence in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 2 contracts

Samples: Administration Agreement (Monument Series Fund Inc), Administration Agreement (Monument Series Fund Inc)

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INSTRUCTIONS AND ADVICE. At any time, time the Administrator may apply to any officer of the respective Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund or the respective Investment Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall advise the Fund of any such consultation with legal counsel. The Administrator shall not be liable, liable and shall be indemnified by the Funds, Fund for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 1 contract

Samples: Administration Agreement (Crabbe Huson Small Cap Fund)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective Fund or other Authorized Persons for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Subject to Section 8 hereof, the Administrator shall not be liable, and shall be indemnified by the FundsFund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph section shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 1 contract

Samples: Administration Agreement (Phillip Street Middle Market Lending Fund LLC)

INSTRUCTIONS AND ADVICE. At any time, time the Administrator may apply to any officer of the respective a Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall advise the Fund of any such consultation with legal counsel. The Administrator shall not be liable, liable and shall be indemnified by the Funds, each Fund for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 1 contract

Samples: Administration Agreement (Crabbe Huson Real Estate Investment Fund Inc)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer or other Authorized Persons of the respective applicable Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Subject to Section 8 hereof, the Administrator shall not be liable, and shall be indemnified by the Fundsapplicable Fund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the Fundsapplicable Fund. Nothing in this paragraph section shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 1 contract

Samples: Amended and Restated Administration Agreement (Goldman Sachs Private Credit Fund LLC)

INSTRUCTIONS AND ADVICE. At any time, the Administrator may apply to any officer of the respective a Fund for instructions and may consult with its own legal counsel or outside counsel for the Fund or the independent accountants for the Fund at the expense of the Fund, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall not be liable, and shall be indemnified by the Fundseach Fund, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the FundsFund. Nothing in this paragraph shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Appears in 1 contract

Samples: Administration Agreement (CDC MPT Funds)

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