Common use of Management by the Board Clause in Contracts

Management by the Board. (i) The business and affairs of the Company shall be managed by or under the direction of the Board, except as may be otherwise provided by law. Unless otherwise specified in this Agreement, consent or approval by the Company shall be determined by the Board. (ii) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating Officer, a Treasurer, a Chief Financial Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company the Board determines to be necessary or advisable (collectively, the “Officers”). The names of each Officer and such Officer’s position as of the date hereof are listed on SCHEDULE B. (iii) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (iv) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company under this Section 3.4(c) is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c). Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) may be revoked at any time by the Board. (v) The Board may authorize any Person, including any Officer, to sign on behalf of the Company.

Management by the Board. (ia) The business management, policies and affairs control of the Company shall be managed by or under the direction of vested exclusively in the Board; provided, except however, that the Board may delegate its rights and powers to third parties, including the Adviser, as it may be otherwise provided by lawdetermine. Unless otherwise specified in this Agreement, consent or approval by the Company shall be determined by the Board. (iib) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating OfficerVice Presidents, a Treasurer, a Chief Financial Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company the Board determines to be necessary or advisable (collectively, the “Officers”). The compensation, if any, of the Officers shall be determined by the Board. The names of each Officer and such Officer’s position as of the date hereof are shall be listed on SCHEDULE B.Schedule C, which shall be updated as necessary. (iiic) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (ivd) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company under this Section 3.4(c) 3.4.2 is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c)3.4.2. Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) 3.4.2 may be revoked at any time by the Board. (ve) The Board may authorize any Person, including any Officer, to sign on behalf of the Company. Unless authorized to do so by the Board, no Officer shall have any power or authority to bind the Company in any way, to pledge its credit, or to render it liable for any purpose.

Management by the Board. (i) The business and affairs of the Company shall be managed by or under the direction of the Board, except as may be otherwise provided by law. Unless otherwise specified in this Agreement, consent or approval by the Company shall be determined by the Board. (ii) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating Officer, a Treasurer, a Chief Financial Officer, a Chief Administrative Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company the Board determines to be necessary or advisable (collectively, the “Officers”). The names of each Officer and such Officer’s position as of the date hereof are listed on SCHEDULE Schedule B. (iii) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (iv) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company under this Section 3.4(c) is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c). Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) may be revoked at any time by the Board. (v) The Board may authorize any Person, including any Officer, to sign on behalf of the Company.

Management by the Board. (i) The business and affairs of the Company shall be managed by or under the direction of the Board, except as may be otherwise provided by law. Unless otherwise specified in this Agreement, consent or approval by the Company shall be determined by the Board. (ii) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating Officer, a Treasurer, a Chief Financial Officer, a Chief Administrative Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company the Board determines to be necessary or advisable (collectively, the “Officers”). The names of each Officer and such Officer’s position as of the date hereof are listed on SCHEDULE B. (iii) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (iv) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company under this Section 3.4(c) is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c). Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) may be revoked at any time by the Board. (v) The Board may authorize any Person, including any Officer, to sign on behalf of the Company.

Management by the Board. (i) The business and affairs of the Company Fund shall be managed by or under the direction of the Board, except as may be otherwise provided by law. Unless otherwise specified in this Agreement, consent or approval by the Company Fund shall be determined by the Board. (ii) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating Officer, a Treasurer, a Chief Financial Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company Fund the Board determines to be necessary or advisable (collectively, the “Officers”). The names of each Officer and such Officer’s position as of the date hereof are listed on SCHEDULE B. (iii) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (iv) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company Fund under this Section 3.4(c) is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c). Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) may be revoked at any time by the Board. (v) The Board may authorize any Person, including any Officer, to sign on behalf of the CompanyFund.

Management by the Board. (i) The business and affairs of the Company shall be managed by or under the direction of the Board, except as may be otherwise provided by law. Unless otherwise specified in this Agreement, consent or approval by the Company shall be determined by the Board. (ii) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating Officer, a Treasurer, a Chief Financial Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company the Board determines to be necessary or advisable (collectively, the “Officers”). The names of each Officer and such Officer’s position as of the date hereof are listed on SCHEDULE Schedule B. (iii) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (iv) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company under this Section 3.4(c) is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c). Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) may be revoked at any time by the Board. (v) The Board may authorize any Person, including any Officer, to sign on behalf of the Company.

Management by the Board. (ia) The business management, policies and affairs control of the Company shall be managed by or under the direction of vested exclusively in the Board; provided, except however, that the Board may delegate its rights and powers to third parties, including the Adviser, as it may be otherwise provided by lawdetermine. Unless otherwise specified in this Agreement, consent or approval by the Company shall be determined by the Board. (iib) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating OfficerVice Presidents, a Treasurer, a Chief Financial Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company the Board determines to be necessary or advisable (collectively, the “Officers”). The compensation, if any, of the Officers shall be determined by the Board. The names of each Officer and such Officer’s position as of the date hereof are shall be listed on SCHEDULE B.Schedule C, which shall be updated as necessary. (iiic) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (ivd) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company under this Section 3.4(c) 3.4.2 is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c). Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) may be revoked at any time by the Board3.4. (v) The Board may authorize any Person, including any Officer, to sign on behalf of the Company.

Management by the Board. (ia) The business management, policies and affairs control of the Company shall be managed by or under the direction of vested exclusively in the Board; provided, except however, that the Board may delegate its rights and powers to third parties, including the Adviser, as it may be otherwise provided by lawdetermine. Unless otherwise specified in this Agreement, consent or approval by the Company shall be determined by the Board. (iib) The Board may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, a President, a Chief Executive Officer, a Chief Operating OfficerVice Presidents, a Treasurer, a Chief Financial Officer, a Secretary, a Chief Compliance Officer and any other officer of the Company the Board determines to be necessary or advisable (collectively, the “Officers”). The compensation, if any, of the Officers shall be determined by the Board. The names of each Officer and such Officer’s position as of the date hereof are shall be listed on SCHEDULE B.Schedule C, which shall be updated as necessary. (iiic) The Officers shall perform such duties and may exercise such powers as may be assigned to them by the Board. (ivd) Unless the Board decides otherwise, if the title of any person authorized to act on behalf of the Company under this Section 3.4(c) 3.4.2 is one commonly used for officers of a business corporation formed under the Delaware General Corporation Law, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of, or restriction on, authority and duties made pursuant to this Section 3.4(c)3.4.2. Any number of titles may be held by the same person. Any delegation pursuant to this Section 3.4(c) 3.4.2 may be revoked at any time by the Board. (ve) The Board may authorize any Person, including any Officer, to sign on behalf of the Company.. Unless authorized to do so by the Board, no Officer shall have any power or authority to bind the Company in any way, to pledge its credit, or to render it liable for any purpose. Confidential