Common use of Remit Clause in Contracts

Remit. The Officer Working Group will have specific responsibility for the following tasks: 1 Due diligence on, procurement, and selection of external investment management arrangements by the Pooling Partners and reporting outcomes to the Joint Governance Committee.

Remit. The Officer Working Group will have specific responsibility for the following tasks: 1 Due diligence on, procurement, and selection of external investment management arrangements by the Pooling Partners and reporting outcomes making appropriate recommendations to the Joint Governance Committee. Unless otherwise agreed, any procurement process shall be led by the Officer Working Group representative committing the greatest value of assets to the subject matter of the procurement.