Adviser Status. The Adviser covenants that it will be registered as an investment adviser under the Advisers Act when it is required to so register and will maintain such registration until such time as its registration is no longer within the SEC’s jurisdiction under Sections 203 and 203A of the Advisers Act. The Adviser agrees to perform its duties and obligations to the Corporation and otherwise conduct its business and operations as if it were registered as an investment adviser with the SEC under the Advisers Act. The Adviser agrees that it owes the Corporation the same fiduciary duties as if it were registered as an investment adviser with the SEC under the Advisers Act. The Adviser agrees that its activities will at all times be in compliance in all material respects with all applicable federal and state laws governing its operations and investments. The following provisions in this Section 4 shall apply for only so long as shares of Common Stock are not listed on a national securities exchange.
Appears in 4 contracts
Samples: Administrative Services Agreement (First Capital Investment Corp), And Administrative Services Agreement (Freedom Capital Corp/Md), First Capital Investment Corp
