Common use of Maintenance of Business Clause in Contracts

Maintenance of Business. Remain at all times a closed-end investment company for the purposes of the Investment Company Act and continue to engage in business of the same general type as now conducted by the Borrower, and will preserve, renew and keep in full force and effect its existence and rights, privileges and franchises necessary or reasonably desirable in the normal conduct of business and will at all times remain registered under the Investment Company Act.

Appears in 7 contracts

Samples: Revolving Credit and Security Agreement (Invesco Dynamic Credit Opportunities Fund), Revolving Credit and Security Agreement (Invesco Prime Income Trust), Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund)

AutoNDA by SimpleDocs

Maintenance of Business. Remain at all times a closed-end investment management company for the purposes of the Investment Company Act and continue to engage in business of the same general type as now conducted by the Borrower, it and will preserve, renew and keep in full force and effect its existence and take all reasonable action to maintain all rights, privileges privileges, licenses, permits, charters and franchises necessary or reasonably desirable in the normal conduct of its business and the performance of its obligations under the Program Documents to which it is a party and will at all times remain registered under the Investment Company Act.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Liberty Floating Rate Advantage Fund), Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund)

AutoNDA by SimpleDocs

Maintenance of Business. Remain at all times a diversified, closed-end management investment company for the purposes of the Investment Company Act and continue to engage in business of the same general type as now conducted by the Borrower, and will preserve, renew and keep in full force and effect its existence and rights, privileges and franchises necessary or reasonably desirable in the normal conduct of business and will at all times remain registered under the Investment Company Act.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (First Trust Senior Floating Rate Income Fund Ii)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!