Common use of Engagement of Administrator Clause in Contracts

Engagement of Administrator. The Company hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and 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 any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of the Company 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 8 contracts

Samples: Administration Agreement (Griffin-Benefit Street Partners BDC Corp.), Form of Administration Agreement (Sierra Total Return Fund), Administration Agreement (CION Investment Corp)

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Engagement of Administrator. The Company hereby engages and 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 below, subject to review by and the overall control of the Board of Directors of the Company, for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and retention 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, Administrator and any such others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of the Company 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 7 contracts

Samples: Administration Agreement (Gladstone Companies, Inc.), Administration Agreement (GLADSTONE LAND Corp), Administration Agreement (Gladstone Companies, Inc.)

Engagement of Administrator. The Commencing on the date hereof, the Company hereby engages and retains the Administrator to furnishact as administrator of the Company, and to provide, or arrange for others suitable third parties to furnishprovide, the administrative services, personnel personnel, and facilities described below below, subject to supervision 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 engagement and retention and agrees during such period to renderprovide, or arrange for the rendering ofsuitable third parties to provide, such services and to assume the obligations herein set forth, forth subject to the reimbursement of costs and expenses provided for below. The Administrator, Administrator and any such others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of the Company 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 (NGP Capital Resources CO), Administration Agreement (OHA Investment Corp), Administration Agreement (NGP Capital Resources CO)

Engagement of Administrator. The Company Corporation hereby engages and retains 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 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 engagement and retention 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, Administrator and any such others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of the Company 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: Form of Administration Agreement (Porticoes Capital Corp), Agreement (Porticoes Capital Corp)

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Engagement of Administrator. The Company Trust hereby engages and retains the Administrator to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such engagement and 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 any others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of the Company Trust and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company Trust in any way or otherwise be deemed agents of the CompanyTrust.

Appears in 1 contract

Samples: Administration Agreement (NorthStar Global Corporate Income Fund)

Engagement of Administrator. The Company hereby engages and 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 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 engagement and retention 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, Administrator and any such others with whom the Administrator subcontracts to provide the services set forth herein, shall for all purposes herein be deemed to be independent contractors of the Company 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 Companycontractors.

Appears in 1 contract

Samples: Administration Agreement (AFC BDC Inc.)

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