Apppointment Clause Samples
The Appointment clause defines the process by which a party is formally designated to perform specific duties or services under the agreement. It typically outlines who is being appointed, the scope of their authority, and any conditions or limitations attached to their role. For example, it may specify that a company appoints an agent to act on its behalf in a particular territory or for a certain type of transaction. The core function of this clause is to clearly establish the relationship and responsibilities of the appointed party, thereby preventing misunderstandings and ensuring that all parties are aware of who is authorized to act within the scope of the agreement.
Apppointment. The Fund hereby appoints the Adviser to provide certain investment advisory services to the Series for the period and on the terms set forth in this Agreement. The Adviser accepts such appointment and agrees to furnish the services herein set forth for the compensation herein provided. In the event the Fund designates one or more series other than the Series with respect to which the Fund wishes to retain the Adviser to render investment advisory services hereunder, it shall notify the Adviser in writing. If the Adviser is willing to render such services, it shall notify the Fund in writing, whereupon such series shall become a Series hereunder, and be subject to this Agreement.
Apppointment. The Company hereby engages Consultant and Consultant agrees to render various business services to the Company upon the terms and conditions hereinafter set forth.
Apppointment