Common use of Use of Third Party Services Clause in Contracts

Use of Third Party Services. Client hereby authorizes MetWest, in its sole discretion, to appoint, utilize and reasonably rely upon the services of third parties, including, but not limited to, recognized security data and pricing information sources. Client understands and agrees that such third parties are not and shall not be construed to be a party to this Agreement or otherwise be deemed in any way to be in privity of contract with Client. MetWest shall not be responsible for delays, failures in performance, or other actions by such third parties selected by MetWest in the exercise of reasonable care, except to the extent such action or inaction by a third party was caused in part by MetWest. The Client authorizes MetWest, as Client's agent, to compensate any such third parties and to pay all related expenses and fees, provided that (a) no more than reasonable compensation shall be paid to any such third party and (b) no compensation shall be paid to any Affiliate of MetWest.

Appears in 2 contracts

Samples: Securities Lending Management Agreement (American Aadvantage Funds), Securities Lending Management Agreement (American Aadvantage Funds)

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Use of Third Party Services. Client hereby authorizes MetWest, in its sole discretion, to appoint, utilize and reasonably rely upon the services of third parties, including, but not limited to, recognized security data and pricing information sources. Client understands and agrees that such third parties are not and shall not be construed to be a party to this Agreement or otherwise be deemed in any way to be in privity of contract with Client. MetWest shall not be responsible for delays, failures in `performance, or other actions by such third parties selected by MetWest in the exercise of reasonable care, except to the extent such action or inaction by a third party was caused in part by MetWest. The Client authorizes MetWest, as Client's agent, to compensate any such third parties and to pay all related expenses and fees, provided that (a) no more than reasonable compensation shall be paid to any such third party and (b) no compensation shall be paid to any Affiliate of MetWestMet West.

Appears in 1 contract

Samples: Management Agreement (American Aadvantage Funds)

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Use of Third Party Services. Client hereby authorizes MetWest, in its sole discretion, to appoint, utilize and reasonably rely upon the services of third parties, including, but not limited to, recognized security data and pricing information sources. Client understands and agrees that such third parties are not and shall not be construed to be a party to this Agreement or otherwise be deemed in any way to be in privity of contract with Client. MetWest shall not be responsible for delays, failures in performance, or other actions by such third parties selected by MetWest in the 8 exercise of reasonable care, except to the extent such action or inaction by a third party was caused in part by MetWest. The Client authorizes MetWest, as Client's agent, to compensate any such third parties and to pay all related expenses and fees, provided that (a) no more than reasonable compensation shall be paid to any such third party and (b) no compensation shall be paid to any Affiliate of MetWest.

Appears in 1 contract

Samples: Management Agreement (American Aadvantage Funds)

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