Common use of Engagement of Administrator Clause in Contracts

Engagement of Administrator. The Company hereby 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 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 or in another contract with the Company, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

Appears in 13 contracts

Samples: Agreement (Kayne Anderson BDC, LLC), Administration Agreement (North Haven Private Income Fund LLC), Administration Agreement (Kayne DL 2021, Inc.)

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Engagement of Administrator. The Company hereby 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 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 or in another contract with the Company, 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 (Overland Advantage), Administration Agreement (Kennedy Lewis Capital Co)

Engagement of Administrator. The Company hereby retains engages the Administrator to act as administrator of the Company, and to furnish furnish, or arrange for others to furnish furnish, the administrative services, personnel 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 “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 those services and to assume the obligations herein set forth in this Agreement subject to the reimbursement of costs and expenses as provided for below. The Administrator, Administrator and any others with whom the Administrator subcontracts to provide the services set forth herein, in this Agreement shall for all purposes herein under this Agreement be deemed to be independent contractors of the Company and shall, unless otherwise expressly provided or authorized herein or in another contract with the Companythis Agreement, 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 (Varagon Capital Corp.), Administration Agreement (Varagon Capital Corp)

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Engagement of Administrator. The Company hereby 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 Managers of the Company (the “Board”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such 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 or in another contract with the Company, 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 (Andalusian Credit Company, LLC)

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