Common use of Investments Requiring the Investment Committee’s Approval Clause in Contracts

Investments Requiring the Investment Committee’s Approval. The Adviser will maintain the existence of an Investment Committee (the “Investment Committee”). The Adviser shall have the right to appoint any number of voting and non-voting members to the Investment Committee. The Adviser may appoint or remove any persons to or from the Investment Committee in its sole discretion. The Investment Committee will review and discuss the purchase and sale of all Investments other than short-term Investments in high quality debt, securities maturing in less than 367 days or investment funds whose portfolios at all times have an effective duration of less than 367 days and other than hedging and risk management transactions, and approval by a majority vote of the voting members of the Investment Committee will be required prior to the purchase or sale of any Investment required to be reviewed by the Investment Committee.

Appears in 5 contracts

Samples: Investment Advisory Agreement (BlackRock Private Credit Fund), Investment Advisory Agreement (BlackRock Private Credit Fund), Investment Advisory Agreement (BlackRock Private Credit Fund)

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Investments Requiring the Investment Committee’s Approval. The Adviser Investment Manager will maintain the existence of an Investment Committee (the “Investment Committee”). The Adviser Investment Manager shall have the right to appoint any number of voting and non-voting members to the Investment Committee. The Adviser Investment Manager may appoint or remove any persons to or from the Investment Committee in its sole discretion. The Investment Committee will review and discuss the purchase and sale of all Investments other than short-term Investments in high quality debt, securities maturing in less than 367 days or investment funds whose portfolios at all times have an effective duration of less than 367 days and other than hedging and risk management transactions, and approval by a majority vote of the voting members of the Investment Committee will be required prior to the purchase or sale of any Investment required to be reviewed by the Investment Committee.

Appears in 5 contracts

Samples: Investment Management Agreement (BlackRock TCP Capital Corp.), Investment Management Agreement (BlackRock Direct Lending Corp.), Investment Management Agreement (BlackRock Direct Lending Corp.)

Investments Requiring the Investment Committee’s Approval. The Adviser Investment Manager will maintain the existence of an Investment Committee (the "Investment Committee"). The Adviser Investment Manager shall have the right to appoint any number of voting and non-voting members to the Investment Committee. The Adviser Investment Manager may appoint or remove any persons to or from the Investment Committee in its sole discretion. The Investment Committee will review and discuss the purchase and sale of all Investments other than short-term Investments in high quality debt, securities maturing in less than 367 days or investment funds whose portfolios at all times have an effective duration of less than 367 days and other than hedging and risk management transactions, and approval by a majority vote of the voting members of the Investment Committee will be required prior to the purchase or sale of any Investment required to be reviewed by the Investment Committee.

Appears in 2 contracts

Samples: Investment Management Agreement (Special Value Continuation Fund, LLC), Investment Management Agreement (Special Value Continuation Partners, LP)

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Investments Requiring the Investment Committee’s Approval. The Adviser Investment Manager will maintain the existence of an Investment Committee (the Investment CommitteeCommittee ”). The Adviser Investment Manager shall have the right to appoint any number of voting and non-voting members to the Investment Committee. The Adviser Investment Manager may appoint or remove any persons to or from the Investment Committee in its sole discretion. The Investment Committee will review and discuss the purchase and sale of all Investments other than short-term Investments in high quality debt, securities maturing in less than 367 days or investment funds whose portfolios at all times have an effective duration of less than 367 days and other than hedging and risk management transactions, and approval by a majority vote of the voting members of the Investment Committee will be required prior to the purchase or sale of any Investment required to be reviewed by the Investment Committee.

Appears in 1 contract

Samples: Investment Management Agreement (Special Value Continuation Fund, LLC)

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