Common use of Delegation of Services Clause in Contracts

Delegation of Services. The Adviser may, at its expense, delegate to one or more entities some or all of the services for each Fund for which the Adviser is responsible under Section 2.C. of this Agreement. The Adviser will be responsible for the compensation, if any, of any such entities for such services to a Fund, unless otherwise agreed to by the parties. Notwithstanding any delegation pursuant to this paragraph, the Adviser will continue to have responsibility and liability for all such services provided to each Fund under this Agreement and will supervise each delegate in its performance of its duties for each Fund with a view to preventing violations of the federal securities laws. IMA FTVIPT Mutual Global Discovery & Mutual Shares Securities (Amended & Restated 05-18)

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

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Delegation of Services. The Adviser may, at its expense, delegate to one or more entities some or all of the services for each the Fund for which the Adviser is responsible under Section 2.C. of this Agreement. The Adviser will be responsible for the compensation, if any, of any such entities for such services to a the Fund, unless otherwise agreed to by the parties. Notwithstanding any delegation pursuant to this paragraph, the Adviser will continue to have responsibility and liability for all such services provided to each the Fund under this Agreement and will supervise each delegate in its performance of its duties for each the Fund with a view to preventing violations of the federal securities laws. IMA FTVIPT Mutual Global Discovery & Mutual Shares Securities Small Cap Value (Amended & Restated 05-18)Restated) # 1267648 v. 3

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

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Delegation of Services. The Adviser may, at its expense, delegate to one or more entities some or all of the services for each Fund for which the Adviser is responsible under Section 2.C. of this Agreement. The Adviser will be responsible for the compensation, if any, of any such entities for such services to a Fund, unless otherwise agreed to by the parties. Notwithstanding any delegation pursuant to this paragraph, the Adviser will continue to have responsibility and liability for all such services provided to each Fund under this Agreement and will supervise each delegate in its performance of its duties for each Fund with a view to preventing violations of the federal securities laws. IMA FTVIPT Mutual Global Discovery & Mutual Shares Securities (Amended & Restated 05-18Restated)

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

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