Retained Functions Clause Samples
The Retained Functions clause defines specific rights, responsibilities, or activities that a party keeps for itself, even after entering into an agreement that delegates or outsources other functions. In practice, this clause lists the particular functions or decision-making powers that are not transferred to the other party, such as regulatory compliance, strategic oversight, or certain operational controls. Its core purpose is to ensure clarity about which obligations remain with the original party, thereby preventing misunderstandings and gaps in responsibility during the course of the agreement.
Retained Functions. The Operator shall not undertake the Retained Functions.
Retained Functions. The Retained Functions shall be discharged by the Owner, its agents or employees in such manner as the Owner shall require.
Retained Functions a. The Parties acknowledge that Servicer will retain responsibility for certain functions that are closely associated or may be integrated with TCS’s performance of the services. Accordingly, TCS shall develop, subject to Servicer’s approval, process maps for inclusion in the Policy and Procedures Manual that depict the interaction of such retained functions with the services.
b. Allianz Life Insurance Company of North America retains the responsibilities with respect to the payment processes contemplated in the processes described in Section 1(a) through 1(f).
Retained Functions. MWSS shall retain, among others, the following operational responsibilities during the period of the Concession (other than the responsibilities assigned to the Regulatory Office).
(i) facilitating the exercise by the Concessionaire of its agency powers, upon appropriate notification to MWSS by the Concessionaire as provided in Sections 7.1 and 7.2 above;
(ii) carrying out accounting and notification functions;
(iii) monitoring, reporting and administering the MWSS Loans, and performing related functions in connection with the Existing Projects;
(iv) providing such other services or functions as are assigned by this Agreement, or by the Regulatory Office following the Commencement Date, to MWSS;
(v) managing and/or disposing of the Retained Assets; and
(vi) managing and operating UATP.
Retained Functions. Subject to the other terms and provisions of this Servicing Agreement, each Party shall, absent subsequent mutual agreement by the Parties, be separately responsible for any services not specifically designated to one Party hereunder, including the following services for their respective businesses:
(i) Preparing employee payroll, related taxes and employee benefits, including medical, 401(k) amounts, vacation time, etc.;
(ii) Paying location owner commissions and telephone line access and local service charges for its respective payphones;
(iii) Collecting all non-coin and dial-around revenue deriving from its respective payphones;
(iv) Managing its respective corporate office and executive functions (including accounting, financial services, tax, human resources, customer service, sales and senior management functions);
(v) Maintaining commercial insurance coverage on, and all necessary permits and licenses for the operation of, its respective payphones; and
(vi) Paying all costs associated with field office operations, vehicle operations, including leases, fuel, and maintenance, solely in the Geographic Areas in which it has primary operational responsibility.
Retained Functions. Subject to the other terms and provisions of this ------------------ Servicing Agreement, each Party shall, absent subsequent mutual agreement by the Parties, be separately responsible for any services not specifically designated to one Party hereunder, including the following services for their respective businesses:
(1) Preparing employee payroll, related taxes and employee benefits, including medical, 401(k) amounts, vacation time, etc.;
(2) Paying location owner commissions and telephone line access and local service charges for its respective payphones;