THE ADMINISTRATORS Clause Samples
The "THE ADMINISTRATORS" clause defines the roles, powers, and responsibilities of individuals or entities appointed to manage or oversee certain aspects of an agreement, estate, or organization. Typically, this clause outlines who may serve as administrators, the scope of their authority, and the procedures for their appointment or removal. For example, it may specify that administrators are responsible for executing decisions, managing assets, or ensuring compliance with the terms of the agreement. The core function of this clause is to ensure clear governance and accountability by formally designating who is empowered to act on behalf of the parties or the entity involved.
THE ADMINISTRATORS. The Account Bank agrees and acknowledges that the Administrators shall operate the Accounts, and where required shall perform all actions relating to the Accounts, on behalf of the Issuer pursuant to Schedule 1 (The Services) of the Administration Agreement.
THE ADMINISTRATORS. Each Administrator shall furnish at its own expense the executive, supervisory and clerical personnel necessary to perform its obligations under this Agreement. Each Administrator shall also provide the items which it is obligated to provide under this Agreement, and shall pay all compensation, if any, of officers of the Trust as well as all Trustees of the Trust who are affiliated persons of such Administrator or any affiliated corporation of such Administrator, provided, however, that unless otherwise specifically provided, the Administrators shall not be obligated to pay the compensation of any employee of the Trust retained by the Trustees of the Trust to perform services on behalf of the Trust.
THE ADMINISTRATORS. A reference to the Administrators shall be construed as being to the Administrators both jointly and severally and to any other person who is appointed as an administrator in substitution for any administrator or as an additional administrator in conjunction with the Administrators.
THE ADMINISTRATORS. Notices of any kind to be given to the Administrators hereunder by the Company shall be in writing and shall be duly given if mailed or delivered to Provident Distributors, Inc., 259 ▇▇▇▇▇▇-▇▇▇▇▇▇▇ ▇▇▇▇, Suite 120, Radnor, Pennsylvania 19087, Attention: Monr▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇ to Provident Financial Processing Corporation, Bellevue Park Corporate Center, 103 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇tention: Vinc▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, ▇▇ at such other address or to such other individual as shall be so specified by an Administrator to the Company.