Common use of Other Third Parties Clause in Contracts

Other Third Parties. The Advisor is authorized to retain, for and on behalf of the Company, the services of third parties (including Affiliates of the Advisor), including, without limitation, accountants, legal counsel, appraisers, insurers, brokers, dealers, transfer agents, registrars, developers, investment banks, financial advisors, banks and other lenders and others as the Advisor deems reasonably necessary or advisable in connection with the management and operations of the Company. The costs and expenses related to the retention of third parties shall be the sole cost and expense of the Company except to the extent the third party is retained to make decisions to invest in and dispose of Investments, provide administrative, data processing or clerical services, prepare the financial records of the Company or prepare a report summarizing the Company’s acquisitions of Investments, portfolio compensation and characteristics, credit quality (if applicable) or performance of the portfolio, in which case it shall be at the sole cost and expense of the Advisor unless otherwise approved by the Board of Directors (collectively, “Advisor Obligations”).