Common use of Absence of Violation or Default Clause in Contracts

Absence of Violation or Default. The Investment Adviser is not in violation of its organizational documents or in default under any agreement, indenture or instrument, where such violation or default would reasonably be expected to have a material adverse effect on the ability of the Investment Adviser to function as an investment adviser or perform its obligations under the Management Agreement or the Additional Compensation Agreement.

Absence of Violation or Default. The Investment Adviser is not in violation of its organizational documents or in default under any material agreement, indenture or instrument, where such violation or default would reasonably be expected to have a material adverse effect on the ability of the Investment Adviser to function as an investment adviser or perform its obligations under the Management Agreement or the Additional Compensation Agreement.

Absence of Violation or Default. The Investment Adviser Advisor is not in violation of its organizational documents or in default under any agreement, indenture or instrument, where such violation or default would reasonably be expected to have a material adverse effect Material Adverse Effect on the ability of the Investment Adviser Advisor to function as an investment adviser or perform its obligations under the Management Agreement or the Additional Compensation Agreement.

Absence of Violation or Default. The Investment Adviser is not in violation of its organizational documents articles of incorporation or by-laws or in default under any material agreement, indenture or instrument, where instrument except for such violation or default defaults that would reasonably be expected to have a material adverse effect on the ability of the Investment not result in an Adviser to function as an investment adviser or perform its obligations under the Management Agreement or the Additional Compensation AgreementMaterial Adverse Effect.

Absence of Violation or Default. The Investment Adviser Advisor is not in violation of its organizational documents limited liability company agreement or in default under any agreement, indenture or instrument, where such violation or default would reasonably be expected to have a material adverse effect Material Adverse Effect on the ability of the Investment Adviser Advisor to function as an investment adviser or perform its obligations under the Management Agreement or the Additional Compensation Advisory Agreement.

Absence of Violation or Default. The Investment Adviser Advisor is not in violation of its organizational documents limited liability company agreement or in default under any agreement, indenture or instrument, where such violation or default would reasonably be expected to have a material adverse effect Material Adverse Effect on the ability of the Investment Adviser Advisor to function as an investment adviser or perform its obligations under the Management Agreement or the Additional Compensation Advisory Agreement.