Common use of INVESTMENT MANAGEMENT AGREEMENT Clause in Contracts

INVESTMENT MANAGEMENT AGREEMENT. The Investment Management Agreement has been duly authorized, executed and delivered by the Adviser and is a valid and binding obligation of the Adviser, enforceable against it in accordance with its terms, except as the enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization, moratorium or other similar laws now or thereafter in effect relating to creditors’ rights generally and (ii) general principles of equity and the discretion of the court before which any proceeding therefor may be brought.

INVESTMENT MANAGEMENT AGREEMENT. The Investment Management Agreement has been duly authorized, executed and delivered by the Adviser and is a valid and binding obligation obligations of the Adviser, enforceable against it the Adviser in accordance with its terms, except as the enforcement thereof enforceability may be subject to (i) limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or thereafter in effect relating to affecting creditors’ rights generally and (ii) general or by equitable principles of equity and the discretion of the court before which any proceeding therefor may be broughtrelating to enforceability.