Common use of Good Standing of the Adviser Clause in Contracts

Good Standing of the Adviser. The Adviser has been duly formed and is validly existing in good standing as a corporation under the laws of the State of Delaware, with full power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Preliminary Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement, the Management Agreement and the Fee Agreements; and the Adviser is duly qualified to do business and is in good standing under the laws of each jurisdiction which requires such qualification, except to the extent that failure to be so qualified or be in good standing would not have a material adverse effect on the Adviser’s ability to provide services to the Fund as contemplated by this Agreement, the Management Agreement, the Subadvisory Agreement or the Fee Agreements.

Good Standing of the Adviser. The Adviser has been duly formed and is validly existing in good standing as a corporation under the laws of the State of Delaware, with full power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Preliminary Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement, the Management Agreement and the Fee Agreements; and the Adviser is duly qualified to do business and is in good standing under the laws of each jurisdiction which requires such qualification, except to the extent that failure to be so qualified or be in good standing would not have a material adverse effect on the Adviser’s ability to provide services to the Fund as contemplated by this Agreement, the Management Agreement, the Subadvisory Agreement or the Fee Agreements.

Good Standing of the Adviser. The Adviser has been duly formed and is validly existing in good standing as a corporation under the laws of the State of Delaware, with full power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Preliminary Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement, the Management Fund Agreements, the Subadvisory Agreement and the Fee Agreements; and the Adviser is duly qualified to do business and is in good standing under the laws of each jurisdiction which requires such qualification, except to the extent that failure to be so qualified or be in good standing would not have a material adverse effect on the Adviser’s ability to provide services to the Fund as contemplated by this Agreement, the Management Agreement, the Subadvisory Agreement or the Fee Agreements.

Good Standing of the Adviser. The Adviser has been duly formed and is validly existing in good standing as a corporation under the laws of the State of Delaware, with full power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Preliminary Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement, the Management Agreement, the Subadvisory Agreement and the Fee Agreements; and the Adviser is duly qualified to do business and is in good standing under the laws of each jurisdiction which requires such qualification, except to the extent that failure to be so qualified or be in good standing would not have a material adverse effect on the Adviser’s ability to provide services to the Fund as contemplated by this Agreement, the Management Agreement, the Subadvisory Agreement or the Fee Agreements.