Common use of Permissible Interest Clause in Contracts

Permissible Interest. Subject to and in accordance with the Articles of Incorporation of the fund and the Articles of Incorporation of the Adviser, Directors, officers, agents and shareholders of the Fund are or may be interest in the Adviser (or any successor thereof) as Directors, officers, agents, shareholders or otherwise; Directors, officers, agents and shareholders of the Adviser are or may be interested in the Fund as Directors, officers, shareholders or otherwise; and the Adviser (or any successor) is or may be interested in the Fund as a shareholder or otherwise; and that the effect of any such interrelationships shall be governed by said Articles of Incorporation and the provisions of the 1940 Act.

Permissible Interest. Subject to and an in accordance with the Articles of Incorporation of the fund Fund and the Articles of Incorporation of the AdviserAdvisers, Directors, officers, agents and shareholders of the Fund are or may be interest interested in the Adviser (or any successor thereof) as Directors, officers, agents, shareholders or otherwise; Directors, officers, agents and shareholders of the Adviser are or may be interested in the Fund as Directors, officers, agents, shareholders or otherwise; and the Adviser (or any successor) is or may be interested in the Fund as a shareholder or otherwise; and that the effect of any such interrelationships shall be governed by said Articles of Incorporation and the provisions of the 1940 Act.