Common use of Employment of Administrator Clause in Contracts

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 50 contracts

Samples: Administration Agreement (GSV Growth Credit Fund Inc.), Administration Agreement (Owl Rock Capital Corp), Administration Agreement (TCW Direct Lending LLC)

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Employment of Administrator. The Company Corporation hereby employs the Administrator to act as administrator of the CompanyCorporation, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”)Corporation, 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company Corporation in any way or otherwise be deemed agents of the CompanyCorporation.

Appears in 26 contracts

Samples: Agreement (Pennantpark Investment Corp), Form Of (Priority Senior Secured Income Fund, Inc.), Administration Agreement (Apollo Investment Corp)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”)Company, 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 16 contracts

Samples: Administration Agreement (Garrison Capital Inc.), Form of Administration Agreement (Horizon Technology Finance Corp), Administration Agreement (Bain Capital Specialty Finance, Inc.)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors Trustees of the Company (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 11 contracts

Samples: Administration Agreement (AG Twin Brook Capital Income Fund), Administration Agreement (Middle Market Apollo Institutional Private Lending), Administration Agreement (Bain Capital Private Credit)

Employment of Administrator. The Company hereby employs appoints the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 4 contracts

Samples: Administration Agreement (Oaktree Specialty Lending Corp), Administration Agreement (Oaktree Specialty Lending Corp), Administration Agreement (Oaktree Strategic Income Corp)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board Company’s board of Directors of the Company directors (the “BoardBoard of 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses as provided for below. The Administrator and any such others other persons providing services arranged for by the Administrator shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 4 contracts

Samples: Administration Agreement (Barings Capital Investment Corp), Administration Agreement (Barings BDC, Inc.), Administration Agreement (Barings Private Credit LLC)

Employment of Administrator. The Company hereby employs retains the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 4 contracts

Samples: Agreement (Carlyle GMS Finance, Inc.), Form of Administration Agreement (Churchill Financial BDC Inc.), Agreement (TCG BDC II, Inc.)

Employment of Administrator. The Company Corporation hereby employs the Administrator to act as administrator of the CompanyCorporation, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company Corporation (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for belowherein. The Administrator and such others who may furnish some or all of the administrative services, personnel and facilities described below, shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company Corporation in any way or otherwise be deemed agents of the CompanyCorporation.

Appears in 3 contracts

Samples: Administration Agreement (TriplePoint Global Venture Credit, LLC), Administration Agreement (TriplePoint Venture Growth BDC Corp.), Administration Agreement (TriplePoint Venture Growth BDC Corp.)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “BoardBoard of 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 3 contracts

Samples: Administration Agreement (Golub Capital Direct Lending Unlevered LLC), Agreement (Golub Capital Direct Lending LLC), Administration Agreement (Golub Capital BDC 4 LLC)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”)Company, 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth forth, subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 2 contracts

Samples: Administration Agreement (WhiteHorse Finance, LLC), Administration Agreement (WhiteHorse Finance, Inc.)

Employment of Administrator. The Company hereby employs retains the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors Trustees of the Company (the “Board”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 2 contracts

Samples: Administration Agreement (Fortress Net Lease REIT), Administration Agreement (Carlyle Secured Lending III)

Employment of Administrator. The Company Corporation hereby employs the --------------------------- Administrator to act as a manager and administrator of the Companyeach Fund, and to furnish, or arrange for others affiliates to furnish, the management and administrative services, personnel and facilities services described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”)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 period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to for the reimbursement of costs and expenses compensation provided for belowherein. The Administrator and such others its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized hereinauthorized, have no authority to act for or represent the Company Corporation or any Fund in any way or otherwise be deemed agents of the CompanyCorporation or any Fund.

Appears in 2 contracts

Samples: Administration Agreement (Mercury Quantitative Series Fund Inc), Administration Agreement (Mercury Life Strategy Fund Inc)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.. ​

Appears in 2 contracts

Samples: Administration Agreement (Runway Growth Credit Fund Inc.), Administration Agreement (Runway Growth Credit Fund Inc.)

Employment of Administrator. The Company hereby employs retains the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be an independent contractors contractor and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents an agent of the Company.

Appears in 2 contracts

Samples: Administration Agreement (BC Partners Lending Corp), Administration Agreement (Portman Ridge Finance Corp)

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Employment of Administrator. The Company Corporation hereby employs the Administrator to act as administrator of the CompanyCorporation, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company Corporation (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company Corporation in any way or otherwise be deemed agents of the CompanyCorporation.

Appears in 2 contracts

Samples: Administration Agreement (Business Development Corp of America), Administration Agreement (MediaTech Investment Corp.)

Employment of Administrator. The Company Corporation hereby employs the Administrator to act as a manager and administrator of the Companyeach Fund, and to furnish, or arrange for others affiliates to furnish, the management and administrative services, personnel and facilities services described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”)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 period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to for the reimbursement of costs and expenses compensation provided for belowherein. The Administrator and such others its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized hereinauthorized, have no authority to act for or represent the Company Corporation or any Fund in any way or otherwise be deemed agents of the CompanyCorporation or any Fund.

Appears in 1 contract

Samples: Administration Agreement (Mercury Index Funds Inc)

Employment of Administrator. The Company Corporation hereby employs the Administrator to act as a manager and administrator of the CompanyFund, and to furnish, or arrange for others affiliates to furnish, the management and administrative services, personnel and facilities services described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”)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 period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to for the reimbursement of costs and expenses compensation provided for belowherein. The Administrator and such others its affiliates shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized hereinauthorized, have no authority to act for or represent the Company Corporation or the Fund in any way or otherwise be deemed agents of the CompanyCorporation or the Fund.

Appears in 1 contract

Samples: Administration Agreement (Mercury Asset Management Funds Inc)

Employment of Administrator. The Company hereby employs retains the Administrator to act as administrator of the Company, and to furnish, furnish or arrange for others to furnish, furnish the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment retention and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed to be agents of the Company.

Appears in 1 contract

Samples: Administration Agreement (Audax Credit BDC Inc.)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, services and personnel and facilities described below, subject to review by and the overall control of the Board board of Directors directors of the Company (the “BoardBoard of 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 1 contract

Samples: Form of Administration Agreement (Greenbacker Renewable Energy Co LLC)

Employment of Administrator. The Company hereby employs retains the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control supervision of the Board board of Directors directors of the Company (the “Board”"Board of 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 1 contract

Samples: Administration Agreement (Redwood Enhanced Income Corp.)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board Company’s board of Directors of the Company directors (the “BoardBoard of 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses as provided for below. The Administrator and any such others other persons providing services arranged for by the Administrator shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.. (b)

Appears in 1 contract

Samples: Version Administration Agreement

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses as provided for below. The Administrator and any such others other persons providing services arranged for by the Administrator shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 1 contract

Samples: Administration Agreement (Centre Lane Investment Corp.)

Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board board of Directors directors of the Company (the “Board”), 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 to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 1 contract

Samples: Administration Agreement (Flat Rock Capital Corp.)

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