Absence of Violation or Default. The Subadviser is not in violation of its Organizational Documents or in default under any agreement, indenture or instrument, except for such violations or defaults that would not reasonably be expected to result, individually or in the aggregate, in an Subadviser Material Adverse Effect.
Appears in 3 contracts
Samples: Underwriting Agreement (Rivernorth Opportunities Fund, Inc.), Underwriting Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.), Underwriting Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.)
Absence of Violation or Default. The Subadviser is not (i) in violation of its Organizational Documents organizational documents or (ii) in default under any agreement, indenture or instrument, except for instrument where such violations or defaults that default would not reasonably be expected to result, individually or in the aggregate, in an Subadviser have a Material Adverse EffectEffect on the ability of the Subadviser to perform its obligations under the Subadvisory Agreement or the Non-U.S. Subadvisory Agreements.
Appears in 1 contract
Samples: Underwriting Agreement (Western Asset High Yield Defined Opportunity Fund Inc.)
Absence of Violation or Default. The Subadviser is not in violation of its Organizational Documents organizational documents or in default under any agreement, indenture or instrument, except for where such violations violation or defaults that default would not reasonably be expected to result, individually or in the aggregate, in an Subadviser have a Material Adverse EffectEffect on the ability of the Adviser to perform its obligations under the Subadvisory Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (Nuveen Intermediate Duration Quality Municipal Term Fund)
