Appointment and Control Clause Samples
The 'Appointment and Control' clause defines the process by which a party is designated to perform certain roles or functions and outlines the extent of oversight or authority the appointing party retains over the appointee. Typically, this clause specifies who has the right to appoint individuals or entities, the scope of their responsibilities, and the mechanisms for supervising or directing their actions. For example, it may allow a company to appoint a manager for a project and set out how the company can direct or replace that manager if needed. The core function of this clause is to ensure that the appointing party maintains sufficient control over key roles or activities, thereby managing risk and ensuring accountability within the contractual relationship.
Appointment and Control. Each Fund hereby appoints the Administrator to be, and the Administrator agrees to act as, the administrative agent of such Fund for the term and subject to the provisions hereof. The Administrator shall perform (and may delegate or sub-contract, as provided below) the services set forth in this Agreement, including the services set forth in SCHEDULE II of this Agreement and those agreed to in writing and signed by the parties from time to time (collectively, the "SERVICES"). In performing its duties under this Agreement, the Administrator will act in all material respects in accordance with the Fund's governing documents and Offering Memorandum as they may be amended (provided copies are delivered to the Administrator).
Appointment and Control. The Company hereby appoints the Administrator to be, and the Administrator hereby agrees to act as, administrator of the Company in accordance with the Articles and the terms of this Agreement.
Appointment and Control