The New York Administration Agreement between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc is a legal document that outlines the terms and conditions of the administrative services provided by Berger and Berman Management Inc to Berger and Berman Advisers Management Trust. This agreement defines the roles, responsibilities, and rights of both parties involved. Under this agreement, Berger and Berman Management Inc agrees to provide administrative support services to Berger and Berman Advisers Management Trust in managing their investment funds. These services may include but are not limited to fund accounting, compliance monitoring, investor relations, trade execution, and reporting. Berger and Berman Advisers Management Trust, on the other hand, agrees to compensate Berger and Berman Management Inc for the administrative services rendered. The compensation structure, payment terms, and any applicable fees will be mutually agreed upon and stated in the agreement. Different types of New York Administration Agreements between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc may include: 1. Master Administration Agreement: This is a comprehensive agreement that covers all administration services provided by Berger and Berman Management Inc to Berger and Berman Advisers Management Trust. It outlines the overall agreement framework, compensation terms, and specific services included. 2. Sub-Administration Agreement: In this type of agreement, Berger and Berman Management Inc may subcontract specific administrative services to a third-party service provider. The agreement will detail the administrative functions and responsibilities delegated to the sub-administrator and define the coordination between Berger and Berman Management Inc and the sub-administrator. 3. Limited Administration Agreement: This type of agreement is designed to cover a specific scope of administrative services provided by Berger and Berman Management Inc to Berger and Berman Advisers Management Trust. It may be suitable when only certain services need to be outsourced or when the administrative support is required for a limited period. In conclusion, the New York Administration Agreement between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc is a crucial contractual document that protects the interests of both parties involved in the provision and receipt of administrative services for investment funds. It ensures clear communication, defines responsibilities, and establishes the framework for compensation and service levels.