Portfolio Company Compensation. In certain circumstances the Adviser, the Sub-Adviser, or any of their respective Affiliates, may receive compensation from a portfolio company in connection with the Company’s investment in such portfolio company. Any compensation received by the Adviser, the Sub-Adviser, or any of their respective Affiliates, attributable to the Company’s investment in any portfolio company, in excess of any of the limitations in, or exemptions granted from, the 1940 Act, any interpretation thereof by the staff of the SEC, or the conditions set forth in any exemptive relief granted to the Adviser, the Sub-Adviser or the Company by the SEC, shall be delivered promptly to the Company. Half of any compensation retained by the Sub-Adviser, or any of its Affiliates, and not delivered to the Company pursuant to the previous sentence, shall be delivered promptly to the Adviser; likewise, half of any compensation retained by the Adviser, or any of its Affiliates, and not delivered to the Company pursuant to the previous sentence shall be delivered promptly to the Sub-Adviser.
Appears in 3 contracts
Samples: Investment Sub Advisory Agreement (Corporate Capital Trust II), Investment Sub Advisory Agreement (Corporate Capital Trust II), Investment Sub Advisory Agreement (Corporate Capital Trust, Inc.)
Portfolio Company Compensation. In certain circumstances the AdviserAdvisor, the Sub-AdviserAdvisor, or any of their respective Affiliates, may receive compensation from a portfolio company in connection with the Company’s investment in such portfolio company. Any compensation received by the AdviserAdvisor, the Sub-AdviserAdvisor, or any of their respective Affiliates, attributable to the Company’s investment in any portfolio company, in excess of any of the limitations in, or exemptions granted from, the 1940 Act, any interpretation thereof by the staff of the SEC, or the conditions set forth in any exemptive relief granted to the AdviserAdvisor, the Sub-Adviser Advisor or the Company by the SEC, shall be delivered promptly to the Company. Half of any compensation retained by the Sub-AdviserAdvisor, or any of its Affiliates, and not delivered to the Company pursuant to the previous sentence, shall be delivered promptly to the AdviserAdvisor; likewise, half of any compensation retained by the AdviserAdvisor, or any of its Affiliates, and not delivered to the Company pursuant to the previous sentence shall be delivered promptly to the Sub-AdviserAdvisor.
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Carey Credit Income Fund - I), Investment Sub Advisory Agreement (Carey Credit Income Fund 2015 T)
