Common use of Employment of the Manager Clause in Contracts

Employment of the Manager. The Corporation hereby employs the Manager to manage the investment and reinvestment of the Corporation’s assets (“Assets”), to administer its affairs and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the oversight of the Corporation’s sole director (the “Sole Director”), for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Corporation in any way or otherwise be deemed an agent of the Corporation.

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Alternative Strategies Funds), Investment Management Agreement (Franklin Alternative Strategies Funds)

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Employment of the Manager. The Corporation Company hereby employs the Manager to manage the investment and reinvestment of the CorporationCompany’s assets (“Assets”), to administer its affairs affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the oversight of the Corporation’s sole director (the “Sole Director”), for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Corporation Company in any way or otherwise be deemed an agent of the CorporationCompany.

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Alternative Strategies Funds), Investment Management Agreement (Franklin Alternative Strategies Funds)

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Employment of the Manager. The Corporation Company hereby employs the Manager to manage the investment and reinvestment of the CorporationCompany’s assets (“Assets”), ) and to administer its affairs affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the oversight of the Corporation’s sole director (the “Sole Director”), for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Corporation Company in any way or otherwise be deemed an agent of the CorporationCompany.

Appears in 1 contract

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

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