Approval of Investment Advisory Agreement Sample Clauses

Approval of Investment Advisory Agreement. The Fund’s Board of Directors and the Fund’s sole shareholder have approved the Investment Advisory Agreement in accordance with Section 15 of the 1940 Act.
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Approval of Investment Advisory Agreement. The Investment Advisory Agreement shall have been (1) approved and adopted by the Rand Board in accordance with Section 15 of the Investment Company Act and the Rand Board shall have recommended that the Rand Stockholders approve the Investment Management Agreement at a meeting of the Rand Stockholders, and (2) approved by the 1940 Act Majority in accordance with Section 15 of the Investment Company Act.
Sample 1Sample 2Sample 3
Approval of Investment Advisory Agreement and Sub-Advisory Agreement. The Fund’s Board of Trustees and the Fund’s [sole] shareholder[s] have approved the Investment Advisory Agreement and the Sub-Advisory Agreement in accordance with Sections 15(a) and (c) of the 1940 Act.
Sample 1

Related to Approval of Investment Advisory Agreement

  • Investment Advisory Agreement (A) The terms of the Investment Advisory Agreement, including compensation terms, comply in all material respects with all applicable provisions of the 1940 Act and the Advisers Act and (B) the approvals by the board of directors and the stockholders of the Company of the Investment Advisory Agreement have been made in accordance with the requirements of Section 15 of the 1940 Act applicable to companies that have elected to be regulated as business development companies under the 1940 Act.

  • Status of Investment Adviser The services of the Adviser to the Trust and the Fund are not to be deemed exclusive, and the Adviser shall be free to render similar services to others so long as its Services to the Trust and the Fund are not impaired thereby. The Adviser shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of the Trust or the Fund. Nothing in this Agreement shall limit or restrict the right of any director, officer or employee of the Adviser, who may also be a trustee, officer or employee of the Trust, to engage in any other business or to devote his or her time and attention in part to the management or other aspects of any other business, whether of a similar nature or a dissimilar nature.

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