Supervision of Service Provider’s Activities Clause Samples

Supervision of Service Provider’s Activities. The Service Providers shall, at all times, be subject to the supervision of the relevant Service Recipient’s Governing Body and the relevant Governing Body shall remain responsible for all investment and divestment decisions made by the Service Recipient.

Supervision of Service Provider’s Activities. The Service Provider will perform its duties hereunder as an independent contractor of the Service Recipient and will, at all times, be subject to the supervision of the Board.

Supervision of Service Provider’s Activities. 3.3.1 The Service Providers shall, at all times, be subject to the supervision of the relevant Service Recipient’s Governing Body and shall only provide or arrange for the provision of such Services as such Governing Body may request from time to time and provided that the relevant Governing Body shall remain responsible for all investment and divestment decisions made by the Service Recipient. 3.3.2 With respect to any Service provided to a Service Recipient, the Dubai Service Provider will, at all times, comply with and be subject to the direction of the relevant Service Recipient’s Governing Body in relation to the following (without limitation): 3.3.2.1 investment parameters; 3.3.2.2 the arrangements for providing notice to the relevant Service Recipient or its Governing Body, as the case may be, of transactions executed on behalf of the relevant Service Recipient; and 3.3.2.3 whether and when the Dubai Service Provider may act as principal in any given transaction. 3.3.3 Instructions by or on behalf of a Service Recipient to the Dubai Service Provider may be given orally or in writing, but shall be given or confirmed in writing (by letter or email) if so requested by the Dubai Service Provider.

Supervision of Service Provider’s Activities. 15 3.4 Restrictions on the Service Providers................................................................... 15