Common use of Administrative Functions Clause in Contracts

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the fee of the Adviser; (b) the compensation and expenses of directors who are not "interested persons" of the Fund; (c) the fees and expenses of the custodian of the Fund's assets; (d) the fees and expenses of independent accountants for the Fund; (e) brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the fees of any trade association of which the Fund may be a member; (h) the cost of stock certificates representing shares of the Fund; (i) the fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. The Fund delegates to the Adviser the authority to vote proxies of the companies whose securities are held in the Fund's portfolio. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the The salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all All expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the The fee of the Adviser; (b) the The compensation and expenses of directors who are not "interested persons" of the Fund; (c) the The fees and expenses of the custodian of the Fund's assets; (d) the The fees and expenses of independent accountants for the Fund; (e) brokerage Brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all All taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the The fees of any trade association of which the Fund may be a member; (h) the The cost of stock certificates representing shares of the Fund; (i) the The fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses Expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the The charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses Expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.

Administrative Functions. The Adviser will administer (a) Subject to Section 20.2, Manager shall perform the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, following tasks in connection therewith, shall furnish with the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel Business (including certain of its officers and employees) for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fundcollectively, the Adviser will bear all of the following expenses:“Administrative Functions”): (i) (A) cause the salaries income and expenses of other tax returns for the Owner to be prepared and timely filed with the appropriate authorities, and (B) provide to Owner all personnel, except the fees information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Actfile all tax returns required to be filed by Owner; (ii) all assist Owner in structuring, negotiating, procuring and administering sources of financing, including debt financing on a secured, unsecured or structured basis and including identifying and arranging the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets (provided however that fees and expenses incurred of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager); (iii) maintain Owner’s financial books and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangements; (iv) perform administrative and procedural services necessary to reserve and purchase Containers under the Adviser Container Purchase Agreement, including coordination and collection of funds among the shareholders of the Owner; (v) assist the Owner in connection with administering the Fund's business entering into and monitoring interest rate hedge agreements; and (vi) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting and legal services (other than those assumed by legal services which would be an Operating Expense) as the Fund herein; and The Fund assumes and will pay the following expenses, except Owner may require from time to the extent incurred time. Nothing contained in connection with the organization this Section 3.2(a) shall be construed as an obligation of the Fund: (a) the fee Manager to pay any overhead or other costs, expenses or liabilities of the Adviser;Owner from its own funds. (b) the compensation and expenses of directors who are not "interested persons" In consideration of the Fund; (c) the fees and expenses performance of the custodian of the Fund's assets; (d) the fees and expenses of independent accountants for the Fund; (e) brokerage commissions and securities transaction costs incurred by the FundAdministrative Functions under this Section 3.2, including any portion of such commissions attributable Manager shall be entitled to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the fees of any trade association of which the Fund may be a member; (h) the cost of stock certificates representing shares of the Fund; (i) the fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred receive an annual fee in the ordinary course amount of the Fund's business$100,000. Such fee shall be earned and payable monthly on a pro rata basis.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. The Fund delegates to the Adviser the authority to vote proxies of the companies whose securities are held in the Fund's portfolio. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the The salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all All expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the The fee of the Adviser; (b) the The compensation and expenses of directors who are not "interested persons" of the Fund; (c) the The fees and expenses of the custodian of the Fund's assets; (d) the The fees and expenses of independent accountants for the Fund; (e) brokerage Brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all All taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the The fees of any trade association of which the Fund may be a member; (h) the The cost of stock certificates representing shares of the Fund; (i) the The fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the The salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all All expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the The fee of the Adviser; (b) the The compensation and expenses of directors who are not "interested persons" of the Fund; (c) the The fees and expenses of the custodian of the Fund's assets; (d) the The fees and expenses of independent accountants for the Fund; (e) brokerage Brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all All taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the The fees of any trade association of which the Fund may be a member; (h) the The cost of stock certificates representing shares of the Fund; (i) the The fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses Expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the The charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses Expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.