Common use of Good Standing of the Investment Adviser Clause in Contracts

Good Standing of the Investment Adviser. The Investment Adviser has been duly organized and is validly existing and 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, each preliminary prospectus and the Prospectus and is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, except where the failure to so qualify would not reasonably be expected to result in any material adverse change in the condition, financial or otherwise, or earnings, business affairs or business prospects of the Investment Adviser, to materially and adversely affect the properties or assets of the Investment Adviser or to materially impair or adversely affect the ability of the Investment Adviser to function as an investment adviser or perform its obligations under the Investment Management Agreement or this Agreement

Good Standing of the Investment Adviser. The Investment Adviser has been duly organized and is validly existing and in good standing as a corporation under the laws of the state State of Delaware Delaware, with full corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, each preliminary prospectus and the Prospectus and is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, except where the failure so to so qualify or to be in good standing would not reasonably be expected to result in any a material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Investment Adviser, to materially and adversely affect whether or not arising in the properties or assets ordinary course of the business (an “Investment Adviser or to materially impair or adversely affect the ability of the Investment Adviser to function as an investment adviser or perform its obligations under the Investment Management Agreement or this AgreementMaterial Adverse Effect”).

Good Standing of the Investment Adviser. The Investment Adviser has been duly organized and is validly existing and in good standing as a corporation limited liability company under the laws of the state 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, each preliminary prospectus Prospectus and the Time of Sale Prospectus and is duly qualified as a foreign corporation entity to transact business and is in good standing in each other jurisdiction in which such qualification is requiredrequired except as would not, except where individually or in the failure to so qualify would not reasonably be expected to aggregate, result in any a material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Investment Adviser, to materially and adversely affect whether or not arising in the properties or assets ordinary course of the Investment business (an “Adviser or to materially impair or adversely affect the ability of the Investment Adviser to function as an investment adviser or perform its obligations under the Investment Management Agreement or this AgreementMaterial Adverse Effect”).