Louisiana Administration Agreement between Neuberger and Berman Advisers Management Trust and Neuberger and Berman Management Inc

• Category: Corporations - Public - Restructuring
• State: Multi-State
• Control #: US-CC-7-636
• Format: Word; Rich Text

Description

This sample form, a detailed Administration Agreement document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Louisiana Administration Agreement is a legally binding contract entered into between Berger and Berman Advisers Management Trust (NB AMT) and Berger and Berman Management Inc (BMI). This agreement outlines the terms and conditions governing the administration of assets by NB AMT and the investment management services provided by BMI. Key terms and clauses within the Louisiana Administration Agreement include, but are not limited to: 1. Parties: The agreement defines NB AMT as the trust responsible for administering the assets on behalf of the beneficiaries, and BMI as the investment management company responsible for making investment decisions. 2. Scope of Services: The agreement specifies the range of administrative services to be provided by NB AMT, such as record-keeping, reporting, tax preparation, and compliance with applicable laws and regulations. It also outlines the investment management services to be provided by BMI, including portfolio management, asset allocation, and investment strategy. 3. Compensation: The agreement sets forth the agreed-upon fees, charges, or commissions payable to NB AMT and BMI for their respective services. This may include management fees, performance-based fees, or other specified charges. 4. Responsibilities and Obligations: The Louisiana Administration Agreement delineates the responsibilities of both parties, including the duty of NB AMT to act prudently and in the best interests of the beneficiaries while administering the assets. Similarly, BMI has a duty to provide competent investment management services and adhere to applicable laws and regulations. 5. Termination: The agreement details the conditions under which either party may terminate the agreement, including notice requirements and potential penalties or fees in case of early termination. It may also specify provisions for situations such as bankruptcy or the death of one of the parties. Different types of Louisiana Administration Agreements between NB AMT and BMI may include: 1. General Louisiana Administration Agreement: This is the standard agreement between NB AMT and BMI that covers the overall administration and investment management services provided. 2. Limited Scope Louisiana Administration Agreement: In some cases, the parties may enter into an agreement that only covers a specific aspect of administration or investment management, such as tax preparation or a particular portfolio. 3. Master-Subsidiary Louisiana Administration Agreement: If NB AMT or BMI operates as a subsidiary or affiliate of the other, a master-subordinate agreement may be used to outline the administrative and managerial structure between the entities. 4. Joint Administration Agreement: In instances where multiple trusts or entities are involved, a joint administration agreement may be employed to define the responsibilities and rights of each party in managing the assets collectively. It is essential to consult legal professionals and review the specific terms and conditions of the Louisiana Administration Agreement to gain a comprehensive understanding of the contractual relationship between NB AMT and BMI in any given scenario.

The Louisiana Administration Agreement is a legally binding contract entered into between Berger and Berman Advisers Management Trust (NB AMT) and Berger and Berman Management Inc (BMI). This agreement outlines the terms and conditions governing the administration of assets by NB AMT and the investment management services provided by BMI. Key terms and clauses within the Louisiana Administration Agreement include, but are not limited to: 1. Parties: The agreement defines NB AMT as the trust responsible for administering the assets on behalf of the beneficiaries, and BMI as the investment management company responsible for making investment decisions. 2. Scope of Services: The agreement specifies the range of administrative services to be provided by NB AMT, such as record-keeping, reporting, tax preparation, and compliance with applicable laws and regulations. It also outlines the investment management services to be provided by BMI, including portfolio management, asset allocation, and investment strategy. 3. Compensation: The agreement sets forth the agreed-upon fees, charges, or commissions payable to NB AMT and BMI for their respective services. This may include management fees, performance-based fees, or other specified charges. 4. Responsibilities and Obligations: The Louisiana Administration Agreement delineates the responsibilities of both parties, including the duty of NB AMT to act prudently and in the best interests of the beneficiaries while administering the assets. Similarly, BMI has a duty to provide competent investment management services and adhere to applicable laws and regulations. 5. Termination: The agreement details the conditions under which either party may terminate the agreement, including notice requirements and potential penalties or fees in case of early termination. It may also specify provisions for situations such as bankruptcy or the death of one of the parties. Different types of Louisiana Administration Agreements between NB AMT and BMI may include: 1. General Louisiana Administration Agreement: This is the standard agreement between NB AMT and BMI that covers the overall administration and investment management services provided. 2. Limited Scope Louisiana Administration Agreement: In some cases, the parties may enter into an agreement that only covers a specific aspect of administration or investment management, such as tax preparation or a particular portfolio. 3. Master-Subsidiary Louisiana Administration Agreement: If NB AMT or BMI operates as a subsidiary or affiliate of the other, a master-subordinate agreement may be used to outline the administrative and managerial structure between the entities. 4. Joint Administration Agreement: In instances where multiple trusts or entities are involved, a joint administration agreement may be employed to define the responsibilities and rights of each party in managing the assets collectively. It is essential to consult legal professionals and review the specific terms and conditions of the Louisiana Administration Agreement to gain a comprehensive understanding of the contractual relationship between NB AMT and BMI in any given scenario.