Common use of No Obligation to Seek Advice Clause in Contracts

No Obligation to Seek Advice. Nothing in this section shall be construed so as to impose an obligation upon the Sub-Administrator (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions (unless, pursuant to the other provisions of this Agreement, the same is a condition of the Sub-Administrator properly taking or not taking a particular action).

Appears in 8 contracts

Samples: Sub Administration Agreement (PNC Alternative Strategies Fund LLC), Sub Administration Agreement (PNC Absolute Return TEDI Fund LLC), Sub Administration Agreement (PNC Alternative Strategies TEDI Fund LLC)

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