Provision of Services by Third Parties. The Manager shall, to the extent it determines that it would be advisable in connection with or incidental to the activities contemplated hereby, arrange for and coordinate the services of other professionals, experts and consultants to provide any or all of the Services, in which case, the costs and expenses of such third parties for providing such services shall be borne by the Manager other than as set forth in Section 3; it being understood that the Manager shall not charge to the Issuer any fees in addition thereto with respect to such outsourced Services that are described in Section 1(a)(i) and Section 1(a)(ii), but the Manager shall be entitled to reimbursement for third party costs incurred in connection with Services described in Section 1(a)(iii) as set forth in Section 3(b).
Appears in 3 contracts
Samples: Form of Administrative Services Agreement (Masterworks 001, LLC), Form of Administrative Services Agreement (Masterworks 001, LLC), Form of Administrative Services Agreement (Masterworks 001, LLC)
Provision of Services by Third Parties. The Manager Administrator shall, to the extent it determines that it would be advisable in connection with or incidental to the activities contemplated hereby, arrange for and coordinate the services of other professionals, experts and consultants to provide any or all of the Services, in which case, the costs and expenses of such third parties for providing such services shall be borne by the Manager Administrator other than as set forth in Section 3; it being understood that the Manager Administrator shall not charge to the Issuer any fees in addition thereto with respect to such outsourced Services that are described in Section 1(a)(i) and Section 1(a)(ii), but the Manager Administrator shall be entitled to reimbursement for third party costs incurred in connection with Services described in Section 1(a)(iii) as set forth in Section 3(b).
Appears in 3 contracts
Samples: Form of Administrative Services Agreement (Masterworks 001, LLC), Form of Administrative Services Agreement (Masterworks 001, LLC), Form of Administrative Services Agreement (Masterworks 001, LLC)
Provision of Services by Third Parties. The Manager Administrator shall, to the extent it determines that it would be advisable in connection with or incidental to the activities contemplated hereby, arrange for and coordinate the services of other professionals, experts and consultants to provide any or all of the Services, in which case, the costs and expenses of such third parties for providing such services shall be borne by the Manager Administrator other than as set forth in Section 3; it being understood that the Manager Administrator shall not charge to the Issuer or MW Cayman any fees in addition thereto with respect to such outsourced Services that are described in Section 1(a)(i) and Section 1(a)(ii), but the Manager Administrator shall be entitled to reimbursement for third party costs incurred in connection with Services described in Section 1(a)(iii) as set forth in Section 3(b).
Appears in 1 contract
Samples: Form of Administrative Services Agreement (Masterworks 002, LLC)
Provision of Services by Third Parties. The Manager shall, to the extent it determines that it would be advisable in connection with or incidental to the activities contemplated hereby, arrange for and coordinate the services of other professionals, experts and consultants to provide any or all of the Services, in which case, the costs and expenses of such third parties for providing such services shall be borne by the Manager other than as set forth in Section 3; it being understood that the Manager shall not charge to the Issuer any fees in addition thereto with respect to such outsourced Entity-Level Services that are described in Section 1(a)(i) and Section 1(a)(ii), but the Manager shall be entitled to reimbursement for third party costs incurred in connection with Non-Routine Services described in Section 1(a)(iii1(a)(ii) as set forth in Section 3(b).
Appears in 1 contract
Samples: Administrative Services Agreement (Vault Holding 1, LLC)