ERISA Covenants. (i) The Adviser agrees that during all periods when the assets of the Company are treated as “plan assets” for purposes of ERISA, the Adviser shall qualify as a “qualified professional asset manager”, as defined in the U.S. Department of Labor Prohibited Transaction Class Exemption 84-14, or any successor thereto (a “QPAM”) and shall be a QPAM with respect to the Company.
Appears in 3 contracts
Samples: Investment Advisory and Management Agreement (NC SLF Inc.), Investment Advisory and Management Agreement (NMF Senior Loan Fund I, Inc.), Investment Advisory and Management Agreement (NMF Senior Loan Fund I, Inc.)
ERISA Covenants. (i) The Adviser agrees that during all periods when the assets of the Company are treated as “plan assets” for purposes of ERISA, the Adviser shall qualify as a “qualified professional asset manager”, as defined in the U.S. Department of Labor Prohibited Transaction Class Exemption 84-14, or any successor thereto (a “"QPAM”") and shall be a QPAM with respect to the Company.
Appears in 2 contracts
Samples: Investment Advisory and Management Agreement (NMF SLF I, Inc.), Investment Advisory and Management Agreement (NMF SLF I, Inc.)
