Common use of Employment of Administrator Clause in Contracts

Employment of Administrator. The Corporation hereby employs the Administrator to act as administrator of the Corporation, 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 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 as provided for below. The Administrator and any such 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 Corporation in any way or otherwise be deemed agents of the Corporation.

Appears in 11 contracts

Samples: Administration Agreement (THL Credit, Inc.), Administration Agreement (Rand Capital Corp), Form Of (Special Value Continuation Partners, LP)

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Employment of Administrator. The Corporation hereby employs the Administrator to act as administrator of the Corporation, 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 CorporationCorporation (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 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 Corporation in any way or otherwise be deemed agents of the Corporation.

Appears in 7 contracts

Samples: Administration Agreement (Princeton Capital Corp), Administration Agreement (Harvest Capital Credit Corp), Administration Agreement (Stellus Capital Investment Corp)

Employment of Administrator. The Corporation Company hereby employs the Administrator to act as administrator of the CorporationCompany, 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 CorporationCompany (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 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 Corporation Company in any way or otherwise be deemed agents of the CorporationCompany.

Appears in 2 contracts

Samples: Administration Agreement (Vista Credit Strategic Lending Corp.), Administration Agreement (Vista Credit Strategic Lending Corp.)

Employment of Administrator. The Corporation Company hereby employs the Administrator to act as administrator of the CorporationCompany, 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 CorporationCompany, 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 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 Corporation Company in any way or otherwise be deemed agents of the CorporationCompany.

Appears in 2 contracts

Samples: Administration Agreement (BlackRock Direct Lending Corp.), Agreement (BlackRock Direct Lending Corp.)

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Employment of Administrator. The Corporation Company hereby employs the Administrator to act as administrator of the CorporationCompany, 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 CorporationFund, 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 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 Corporation Company in any way or otherwise be deemed agents of the CorporationCompany.

Appears in 1 contract

Samples: Administration Agreement (CIM Real Assets & Credit Fund)

Employment of Administrator. The Corporation Company hereby employs the Administrator to act as administrator of the CorporationCompany, 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 CorporationCompany, 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 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 Corporation Company in any way or otherwise be deemed agents of the CorporationCompany.

Appears in 1 contract

Samples: Administration Agreement (CIM Real Assets & Credit Fund)

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