Common use of Managerial Assistance Clause in Contracts

Managerial Assistance. The Investment Manager will, to the extent such services are not otherwise provided or procured on the Company’s behalf by the Administrator, provide significant managerial assistance to those portfolio companies of the Company that request such assistance from the Company and to which the Company agrees to provide such services pursuant to the Investment Company Act; provided, however, that any reasonable out-of-pocket fees and expenses actually incurred by the Investment Manager in connection therewith (exclusive of the compensation of any investment professionals of the Investment Manager) shall be subject to reimbursement by the Company pursuant to Section 3.4 of this Agreement.

Appears in 4 contracts

Samples: Investment Management Agreement (Great Elm Capital Corp.), Subscription Agreement, Investment Management Agreement (Great Elm Capital Corp.)

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Managerial Assistance. The Investment Manager will, to the extent such services are not otherwise provided or procured on the Company’s 's behalf by the Administrator, provide significant managerial assistance to those portfolio companies of the Company that request such assistance from the Company and to which the Company agrees to provide such services pursuant to the Investment Company Act; provided, however, that any reasonable out-of-pocket fees and expenses actually incurred by the Investment Manager in connection therewith (exclusive of the compensation of any investment professionals of the Investment Manager) shall be subject to reimbursement by the Company pursuant to Section 3.4 of this Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Full Circle Capital Corp)

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