Duties of the Administrator. The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors of the Fund (the "Directors"), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 8 contracts
Samples: Administration Agreement (Mercury Senior Floating Rate Fund Inc), Administration Agreement (Merrill Lynch Basic Value Fund Inc), Administration Agreement (Mercury Basic Value Fund Inc)
Duties of the Administrator. The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors Trustees of the Fund (the "DirectorsTrustees"), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 8 contracts
Samples: Administration Agreement (Wcma Treasury Fund), Administration Agreement (Cma Money Fund), Administration Agreement (Cma Government Securities Fund)
Duties of the Administrator. (a) The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors of the Fund (the "Directors"), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 3 contracts
Samples: Administration Agreement (Mercury Premier Growth Fund Inc), Administration Agreement (Mercury Focus Twenty Fund Inc), Administration Agreement (Merrill Lynch Focus Twenty Fund Inc)
Duties of the Administrator. (a) The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates or others to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors Trustees of the Fund (the "DirectorsTrustees"), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth in consideration for the compensation reimbursement of its and its affiliates costs and expenses as provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 3 contracts
Samples: Amended and Restated Administration Agreement (Royce Capital Fund), Administration Agreement (Royce Fund), Administration Agreement (Royce Capital Fund)
Duties of the Administrator. (a) Employment of Administrator. The Fund hereby employs the Administrator to act as a manager and administrator of the Fund, and to furnish, or arrange for affiliates others to furnish, the management administrative services, personnel and administrative services facilities described below, subject to review by and the overall control of the Board of Directors of the Fund (the "Directors")Fund, for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for subject to the compensation reimbursement of costs and expenses provided for hereinbelow. The Administrator and its affiliates such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorizedauthorized herein, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 3 contracts
Samples: Administration Agreement (Gladstone Companies, Inc.), Administration Agreement (Gladstone Companies, Inc.), Administration Agreement (Gladstone Capital Corp)
Duties of the Administrator. (a) The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates or others to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors Trustees of the Fund (the "Directors"“Trustees”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth in consideration for the compensation reimbursement of its and its affiliates costs and expenses as provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 3 contracts
Samples: Administration Agreement (Royce Fund), Administration Agreement (Royce Fund), Administration Agreement (Royce Capital Fund)
Duties of the Administrator. (a) The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates or others to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors of the Fund (the "“Directors"”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth in consideration for the compensation reimbursement of its and its affiliates costs and expenses as provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 3 contracts
Samples: Administration Agreement (Royce Global Value Trust, Inc.), Administration Agreement (Royce Global Value Trust, Inc.), Administration Agreement (Royce Global Value Trust, Inc.)
Duties of the Administrator. (a) The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates or others to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors of the Fund (the "Directors"), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth in consideration for the compensation reimbursement of its and its affiliates costs and expenses as provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 2 contracts
Samples: Administration Agreement (Royce Value Trust Inc), Amended and Restated Administration Agreement (Royce Micro-Cap Trust, Inc /Md/)
Duties of the Administrator. The Fund hereby employs the Administrator to act as a manager and administrator with respect to each Feeder Series and to furnish, or arrange for affiliates to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors Trustees of the Fund (the "DirectorsTrustees"), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 1 contract
Samples: Administration Agreement (Merrill Lynch Funds for Institutions Series)
Duties of the Administrator. (a) The Fund hereby employs the Administrator to act as a manager and administrator and to furnish, or arrange for affiliates to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors of the Fund (the "“Directors"”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 1 contract
Samples: Administration Agreement (Merrill Lynch Premier Growth Fund Inc)
Duties of the Administrator. The Fund Trust hereby employs the Administrator to act as a manager and administrator of each Fund, and to furnish, or arrange for affiliates affiliated persons of the Administrator ("affiliates") to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors of the Fund (the "Directors")Trustees, for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or any Fund in any way or otherwise be deemed agents of the Corporation or any Fund.. (a)
Appears in 1 contract
Samples: Administration Agreement (Oppenheimer Select Managers Series)
Duties of the Administrator. The Fund hereby employs the Administrator to act as a manager and administrator of the Funds, and to furnish, or arrange for affiliates to furnish, the management and administrative services described below, subject to review by and the overall control of the Board of Directors of the Fund (hereinafter referred to as the "Directors"), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth for the compensation provided for herein. The Administrator and its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed agents of the Fund.
Appears in 1 contract
Samples: Administration Agreement (Merrill Lynch Global Financial Services Fund Inc)