Common use of Insurance, Contracts and Funding Clause in Contracts

Insurance, Contracts and Funding. The Fund may purchase and maintain insurance to protect itself and any Indemnitee against any expenses, judgments, penalties, fines and amounts paid in settlement as specified in Section 6.1 of this Article or incurred by an Indemnitee in connection with any Proceeding referred to in Section 6.1 of this Article, to the fullest extent permitted by applicable law as then in effect (including the MGCL and the Investment Company Act). The Fund may enter into contracts with any director, officer, employee or agent of the Fund in furtherance of the provisions of this Article and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Article.

Insurance, Contracts and Funding. The Fund Company may purchase and maintain insurance to protect itself and any Indemnitee against any expenses, judgments, penalties, fines and amounts paid in settlement as specified in Section 6.1 5.1 of this Article or incurred by an Indemnitee in connection with any Proceeding referred to in Section 6.1 5.1 of this Article, to the fullest extent permitted by applicable law as then in effect (including the MGCL GCL and the Investment Company Act). The Fund Company may enter into contracts with any director, officer, employee or agent of the Fund Company in furtherance of the provisions of this Article and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Article.