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 articles of incorporation or by-laws or in default under any material agreement, indenture or instrument except for such defaults that would not result in an Adviser Material Adverse Effect.

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

Absence of Violation or Default. The Investment Adviser Advisor is not in violation of its articles of incorporation or by-laws limited liability company agreement or in default under any material agreement, indenture or instrument except for instrument, where such defaults that violation or default would not result in an Adviser reasonably be expected to have a Material Adverse EffectEffect on the ability of the Investment Advisor to perform its obligations under the Management Agreement or the Advisory Agreement.

Absence of Violation or Default. The Investment Adviser Advisor is not in violation of its articles of incorporation or by-laws limited liability company agreement or in default under any material agreement, indenture or instrument except for instrument, where such defaults that violation or default would not result in an Adviser reasonably be expected to have a Material Adverse EffectEffect on the ability of the Investment Advisor to perform its obligations under the Advisory Agreement.

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