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).
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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.
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Appointment and Control 
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Related to Appointment and Control

  • Appointment and Duties The Trustees shall at all times employ a custodian or custodians, meeting the qualifications for custodians for portfolio securities of investment companies contained in the 1940 Act, as custodian with respect to the assets of the Trust. Any custodian shall have authority as agent of the Trust with respect to which it is acting as determined by the custodian agreement or agreements, but subject to such restrictions, limitations and other requirements, if any, as may be contained in the By-Laws of the Trust and the 1940 Act: (1) to hold the securities owned by the Trust and deliver the same upon written order; (2) to receive any receipt for any moneys due to the Trust and deposit the same in its own banking department (if a bank) or elsewhere as the Trustees may direct; (3) to disburse such funds upon orders or vouchers; (4) if authorized by the Trustees, to keep the books and accounts of the Trust and furnish clerical and accounting services; and (5) if authorized to do so by the Trustees, to compute the net income or net asset value of the Trust; all upon such basis of compensation as may be agreed upon between the Trustees and the custodian. The Trustees may also authorize each custodian to employ one or more sub-custodians from time to time to perform such of the acts and services of the custodian and upon such terms and conditions, as may be agreed upon between the custodian and such sub-custodian and approved by the Trustees, provided that in every case such sub-custodian shall meet the qualifications for custodians contained in the 1940 Act.