Common use of Appointment and Duties as Sub-Administrator Clause in Contracts

Appointment and Duties as Sub-Administrator. (a) NBAI hereby appoints BNY to act as Sub-Administrator of Reserves and to render sub-administrative services for each portfolio of Reserves listed on Schedule I (individually, a "Fund" and collectively, the "Funds") and BNY hereby accepts such appointment and agrees to render the services and duties set forth in Schedule II as it may be amended from time to time, for the compensation and on the terms herein provided. Each new investment portfolio established in the future by Reserves or NBAI will become a "Fund" for all purposes hereunder when BNY receives a revised Schedule I from NBAI or Reserves that includes such new portfolio.

Appointment and Duties as Sub-Administrator. (a) NBAI hereby appoints BNY to act as Sub-Administrator of Reserves the Company and to render sub-administrative services for each portfolio of Reserves the Company listed on Schedule I (individually, a "Fund" and collectively, the "Funds") and BNY hereby accepts such appointment and agrees to render the services and duties set forth in Schedule II as it may be amended from time to time, for the compensation and on the terms herein provided. Each new investment portfolio established in the future by Reserves the Company or NBAI will become a "Fund" for all purposes hereunder when BNY receives a revised Schedule I from NBAI or Reserves the Company that includes such new portfolio.

Appointment and Duties as Sub-Administrator. (a) NBAI hereby appoints BNY to act as Sub-Administrator of Reserves the Trust and to render sub-administrative services for each portfolio of Reserves the Trust listed on Schedule I (individually, a "Fund" and collectively, the "Funds") and BNY hereby accepts such appointment and agrees to render the services and duties set forth in Schedule II as it may be amended from time to time, for the compensation and on the terms herein provided. Each new investment portfolio established in the future by Reserves the Trust or NBAI will become a "Fund" for all purposes hereunder when BNY receives a revised Schedule I from NBAI or Reserves the Trust that includes such new portfolio.