Common use of Exercise Powers Clause in Contracts

Exercise Powers. The Manager shall have power and authority to exercise on behalf of the Company any right or power which the Company may have as a holder of any Portfolio Securities including the right to appoint a director or directors of any Portfolio Entity. In exercising such power and authority the Manager shall have regard to the Investment Policy and its duties under this Agreement and before the exercise of any power or authority shall consult with the Board.

Exercise Powers. The Manager shall will have power and authority to exercise on behalf of the Company any right or power which the Company may have as a holder of any Portfolio Securities including the right to appoint a director or directors of any Portfolio EntityProperty. In exercising such power and authority the Manager shall will have regard to the Investment Policy Objectives and its duties under this Agreement and before the exercise of any power or authority shall will consult with the Board.