{"component": "clause", "props": {"groups": [{"size": 68, "snippet": "The Manager assumes and shall pay for maintaining the staff and personnel necessary to perform its obligations under this Agreement, and shall at its own expense, provide the office space, equipment and facilities which it is obligated to provide under Article I hereof, and shall pay all compensation of officers of the Fund and all Directors who are affiliated persons of the Manager.", "snippet_links": [{"key": "pay-for", "type": "definition", "offset": [30, 37]}, {"key": "staff-and-personnel", "type": "clause", "offset": [54, 73]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [99, 131]}, {"key": "office-space", "type": "definition", "offset": [175, 187]}, {"key": "equipment-and-facilities", "type": "clause", "offset": [189, 213]}, {"key": "to-provide", "type": "clause", "offset": [236, 246]}, {"key": "article-i", "type": "definition", "offset": [253, 262]}, {"key": "officers-of-the-fund", "type": "clause", "offset": [305, 325]}, {"key": "all-directors", "type": "clause", "offset": [330, 343]}, {"key": "affiliated-persons", "type": "definition", "offset": [352, 370]}], "samples": [{"hash": "lPcYXVqraND", "uri": "/contracts/lPcYXVqraND#the-manager", "label": "Management Agreement (Merrill Lynch Fundamental Growth Fund Inc)", "score": 19.0, "published": true}, {"hash": "jf8wYNbJREQ", "uri": "/contracts/jf8wYNbJREQ#the-manager", "label": "Management Agreement (Merrill Lynch Fundamental Growth Fund Inc)", "score": 18.0, "published": true}, {"hash": "iXJZPWezBXP", "uri": "/contracts/iXJZPWezBXP#the-manager", "label": "Management Agreement (Merrill Lynch Adjustable Rate Securities Fund Inc)", "score": 18.0, "published": true}], "hash": "401e9ce84c4706770c17ac306bcc5222", "id": 1}, {"size": 11, "snippet": "The Manager assumes the expense of and shall pay for maintaining the staff and personnel necessary to perform its obligations under this Agreement, and shall at its own expense provide the office space, equipment and facilities that it is obligated to provide under this Agreement, and shall pay all compensation of officers of the Fund and all trustees of the Fund who are affiliated persons of the Manager, except as otherwise specified in this Agreement. Except for those expenses assumed by the Fund as provided in section (b) below, the Manager shall bear all of the Fund\u2019s expenses including, but not limited to: custodian fees; transfer agent fees; pricing costs (including the daily calculation of net asset value); accounting fees; legal fees (except extraordinary litigation expenses); expenses of shareholders\u2019 and/or trustees\u2019 meetings; bookkeeping expenses related to shareholder accounts; insurance charges; cost of printing and mailing shareholder reports and proxy statements; costs of printing and mailing registration statements and updated prospectuses to current shareholders; and the fees of any trade association of which the Fund is a member. The Manager agrees that neither it nor any Service Provider will make any separate charge to any shareholder or his individual account for any services rendered to said shareholder or the Fund unless such charge for special services is specifically approved by the Board including a majority of the trustees who are not \u201cinterested persons\u201d (as such term is defined in the 1940 Act) of the Manager (the \u201cdisinterested trustees\u201d). 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Agreement) to which it is a party (including any representations and warranties made by it in its capacity as Manager) is true and correct (a) if not qualified as to materiality or Material Adverse Effect, in all material respects and (b) if qualified as to materiality or Material Adverse Effect, in all respects as of the date originally made, as of the date hereof and as of the Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct in all material respects as of such earlier date).", "snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [39, 63]}, {"key": "lender-party", "type": "definition", "offset": [73, 85]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [96, 118]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [120, 142]}, {"key": "each-advance", "type": "clause", "offset": [165, 177]}, {"key": "no-manager-termination-event", 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Be courteous and respond to telephone calls and e-mails in a timely fashion in order to allow the manager to fulfill his or her important role.", "snippet_links": [{"key": "a-parent", "type": "definition", "offset": [22, 30]}, {"key": "the-team", "type": "clause", "offset": [91, 99]}, {"key": "a-portion", "type": "definition", "offset": [114, 123]}, {"key": "participation-in-tournaments", "type": "clause", "offset": [141, 169]}, {"key": "team-manager", "type": "definition", "offset": [209, 221]}, {"key": "at-all-times", "type": "clause", "offset": [222, 234]}, {"key": "be-courteous", "type": "clause", "offset": [236, 248]}, {"key": "respond-to", "type": "definition", "offset": [253, 263]}, {"key": "telephone-calls", "type": "clause", "offset": [264, 279]}, {"key": "to-allow-the", "type": "clause", "offset": [321, 333]}], "samples": [{"hash": "gidtZlsJCR9", "uri": "/contracts/gidtZlsJCR9#the-manager", "label": "Player/Parent Agreement", "score": 31.2168712616, "published": true}, {"hash": "gEXY1eB9fyr", "uri": "/contracts/gEXY1eB9fyr#the-manager", "label": "Player/Parent Agreement", "score": 31.0772666931, "published": true}, {"hash": "3tfAROP1LbF", "uri": "/contracts/3tfAROP1LbF#the-manager", "label": "Player/Parent Agreement", "score": 31.0717906952, "published": true}], "hash": "db25676376a54dcb527b825dbca192d9", "id": 7}, {"size": 9, "snippet": "The Manager shall manage and administer Company Assets and perform all other duties prescribed for a manager by the Act. The Company must have at all times at least one Manager. No other Person shall have any right or authority to act for or bind the Company except as permitted in this Agreement or as required by law. The Manager shall have no personal liability for the obligations of the Company. 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The Manager shall pay, or cause its affiliate to pay, compensation of all officers of the Trust and each Fund and all Trustees of the Trust and Directors of each Fund who are affiliated persons of the Manager or any sub-adviser, or of an affiliate of the Manager or any sub-adviser.", "snippet_links": [{"key": "to-pay", "type": "clause", "offset": [58, 64]}, {"key": "staff-and-personnel", "type": "clause", "offset": [86, 105]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [131, 163]}, {"key": "office-space", "type": "definition", "offset": [208, 220]}, {"key": "to-provide", "type": "clause", "offset": [279, 289]}, {"key": "article-i", "type": "definition", "offset": [296, 305]}, {"key": "officers-of-the-trust", "type": "clause", "offset": [388, 409]}, {"key": "trustees-of-the-trust", "type": "clause", "offset": [432, 453]}, {"key": "and-directors", "type": "clause", "offset": [454, 467]}, {"key": "affiliated-persons", "type": "definition", "offset": [489, 507]}, {"key": "affiliate-of", "type": "definition", "offset": [552, 564]}], "samples": [{"hash": "eFJOLJoO9Oh", "uri": "/contracts/eFJOLJoO9Oh#the-manager", "label": "Management Agreement (Master Focus Twenty Trust)", "score": 18.0, "published": true}, {"hash": "dZDoNFut39c", "uri": "/contracts/dZDoNFut39c#the-manager", "label": "Management Agreement (Master Premier Growth Trust)", "score": 18.0, "published": true}], "hash": "b626ba62ab25efcbb51332ef26d12bd6", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhR0aGUtbWFuYWdlciMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 408, "children": [["resignation", "Resignation"], ["no-manager-termination-event", "No Manager Termination Event"], ["due-execution-and-delivery", "Due Execution and Delivery"], ["organization-and-good-standing", "Organization and Good Standing"], ["consents", "Consents"]], "title": "The Manager", "parents": [["allocation-of-charges-and-expenses", "Allocation of Charges and Expenses"], ["representations-and-warranties", "Representations and Warranties"], ["management", "Management"], ["powers-and-manager", "Powers and Manager"], ["the-manager", "The Manager"]], "id": "the-manager", "related": [["the-advisor", "The Advisor", "The Advisor"], ["manager", "Manager", "Manager"], ["property-manager", "Property Manager", "Property Manager"], ["services-of-the-manager", "Services of the Manager", "Services of <strong>the Manager</strong>"], ["foreign-custody-manager", "Foreign Custody Manager", "Foreign Custody Manager"]], "related_snippets": [], "updated": "2026-05-17T05:54:07+00:00", "also_ask": ["What key powers and limitations should be expressly defined for the Manager?", "How can the Manager\u2019s removal or replacement be structured to protect all parties?", "What fiduciary duties and liability standards must be addressed to avoid ambiguity?", "How does this Manager clause compare to industry norms or statutory defaults?", "What are the main enforceability risks if the Manager acts outside their authority?"], "drafting_tip": "Specify the Manager\u2019s authority, duties, and reporting obligations to prevent misunderstandings and ensure accountability.", "explanation": "The \"The Manager\" clause defines the role, authority, and responsibilities of the individual or entity designated as the manager within an agreement or organization. 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