Common use of Investment Advisory and Investment Company Matters Clause in Contracts

Investment Advisory and Investment Company Matters. (i) Neither General nor any of its subsidiaries conducts activities of or is otherwise deemed under law to control an "investment adviser," as such term is defined in Section 2(a)(20) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), whether or not registered under the Investment Advisers Act of 1940, as amended (the "Investment Advisers Act"), of any person required to be registered as an investment company under the Investment Company Act. Neither General nor any of its subsidiaries is an "investment company" as defined in the Investment Company Act, and neither General nor any of its subsidiaries is a promoter (as such term is defined in Section 2(a)(30) of the Investment Company Act) of any person that is such an investment company. (ii) Neither General nor any of its subsidiaries conduct activities of, controls, owns more than a 20% interest in, or is deemed under applicable law to control, any person that is an investment adviser as defined in the Investment Advisers Act, whether or not registered under such Act, other than such an investment adviser whose only clients are "insurance companies" as defined in Section 2(a)(17) of the Investment Company Act.

Investment Advisory and Investment Company Matters. (i) Neither General the Company nor any of its subsidiaries Subsidiaries conducts activities of or is otherwise deemed under law Law to control an "“investment adviser," ” as such term is defined in Section 2(a)(20) of the Investment Company Act of 1940, as amended (the "“Investment Company Act"”), whether or not registered under the Investment Advisers Act of 1940, as amended (the "“Investment Advisers Act"”), of any person Person required to be registered as an investment company under the Investment Company Act. Neither General the Company nor any of its subsidiaries Subsidiaries is an "“investment company" ” as defined in the Investment Company Act, and neither General the Company nor any of its subsidiaries Subsidiaries is a promoter (as such term is defined in Section 2(a)(30) of the Investment Company Act) of any person Person that is such an investment company. (ii) . Neither General the Company nor any of its subsidiaries conduct Subsidiaries conducts activities of, controls, owns more than a 20% interest in, or is deemed under applicable law Law to control, any person Person that is an investment adviser as defined in the Investment Advisers Act, whether or not registered under such Act, other than such an investment adviser whose only clients are "“insurance companies" ” as defined in Section 2(a)(17) of the Investment Company Act.

Investment Advisory and Investment Company Matters. (i) Neither General the Company nor any of its subsidiaries Subsidiaries conducts activities of or is otherwise deemed under law Law to control an "“investment adviser," ” as such term is defined in Section 2(a)(20) of the Investment Company Act of 1940, as amended (the "“Investment Company Act"”), whether or not registered under the Investment Advisers Act of 1940, as amended (the "“Investment Advisers Act"”), of any person Person required to be registered as an investment company under the Investment Company Act. Neither General the Company nor any of its subsidiaries Subsidiaries is an "“investment company" ” as defined in the Investment Company Act, and neither General the Company nor any of its subsidiaries Subsidiaries is a promoter (as such term is defined in Section 2(a)(30) of the Investment Company Act) of any person Person that is such an investment company. (ii) . Neither General the Company nor any of its subsidiaries conduct Subsidiaries conducts activities of, controls, owns more than a 20% interest in, or is deemed under applicable law Law to control, any person Person that is an investment adviser as defined in the Investment Advisers Act, whether or not registered under such Act, other than such an investment adviser whose only clients are "insurance companies" as defined in Section 2(a)(17) of the Investment Company Act.

Investment Advisory and Investment Company Matters. (ia) Neither General Except as set forth in Section 4.7 of the VA Disclosure Letter, neither VA nor any of its subsidiaries Subsidiaries conducts activities of or is otherwise deemed under law to control an "investment adviser," as such term is defined in Section 2(a)(20) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), whether or not registered under the Investment Advisers Act of 1940Act, as amended (the "Investment Advisers Act"), of or any person required to be registered as an investment company under the Investment Company Act. Neither General VA nor any of its subsidiaries Subsidiaries is an "investment company" as defined in the Investment Company Act, and neither General VA nor any of its subsidiaries Subsidiaries is a promoter (as such term is defined in Section 2(a)(30) of the Investment Company Act) of any person that is such an investment company. (iib) Neither General Except as set forth in Section 4.7 of the VA Disclosure Letter, neither VA nor any of its subsidiaries Subsidiaries conduct activities of, controls, owns more than a 20% interest in, or is deemed under applicable law to control, any person that is an investment adviser as defined in the Investment Advisers Act, whether or not registered under such Act, other than such an investment adviser whose only clients are "insurance companies" as defined in Section 2(a)(17) of the Investment Company Act.