Sub-Delegation. With respect to the SPC, where the Asset Manager delegates any of its powers, duties, discretions and/or functions hereunder pursuant to Sections 1, 2 and/or 6 above, the Asset Manager agrees to ensure and procure that such sub-delegate similarly agrees in any sub-delegation agreement to comply with the same obligations of the Asset Manager pursuant to Sections 14 and 15 above.
Appears in 2 contracts
Sources: Asset Management and Administrative Services Agreement (aShareX Fine Art, LLC), Asset Management and Administrative Services Agreement (aShareX Fine Art, LLC)
Sub-Delegation. With respect to the Issuer and SPC, where the Asset Manager delegates any of its powers, duties, discretions and/or functions hereunder pursuant to Sections 1, 2 and/or 6 above, the Asset Manager agrees to shall ensure and procure that such sub-delegate similarly agrees in any sub-delegation agreement to comply with the same obligations of the Asset Manager pursuant to Sections 14 and 15 above.
Appears in 1 contract
Sources: Asset Management and Administrative Services Agreement (aShareX Fine Art, LLC)