Common use of Investment Advisory Services to be Provided by Sub-Adviser Clause in Contracts

Investment Advisory Services to be Provided by Sub-Adviser. The Sub-Adviser shall, during the term and subject to the provisions of this Agreement: (i) make recommendations to the Adviser as to the allocation of the investment portfolio of the BDC among various types of securities, the nature and timing of the changes therein and the manner of implementing such changes; (ii) identify, evaluate, recommend to the Adviser, and, if approved by the Adviser, negotiate the structure and terms of the investments made by the BDC; (iii) assist the Adviser in executing and closing the acquisition and disposition of the BDC’s investments; (iv) make recommendations to the Adviser with respect to the securities and other assets that the BDC will purchase, retain, or sell; (v) monitor the BDC’s investment portfolio and make recommendations to the Adviser regarding ongoing portfolio management and (vi) perform, or cause to be performed due diligence procedures, and provide to the Adviser due diligence information with respect to prospective investments (collectively the “Sub-Advisory Services”). Notwithstanding the foregoing, however, all investment decisions for the BDC will be the sole responsibility of, and will be made by and at the sole discretion of, the Adviser. The parties acknowledge and agree that the Sub-Adviser shall be required to provide only the investment advisory services expressly described in this Section 1(b).