Common use of Possession of Permits Clause in Contracts

Possession of Permits. The Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 17 contracts

Samples: Underwriting Agreement (Rivernorth Opportunities Fund, Inc.), Underwriting Agreement (Eaton Vance Floating-Rate 2022 Target Term Trust), Underwriting Agreement (AllianzGI Convertible & Income 2024 Target Term Fund)

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Possession of Permits. The Adviser has such Permits licenses, permits and authorizations of governmental or regulatory authorities (“permits”) as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permitpermit.

Appears in 11 contracts

Samples: Sales Agreement (Calamos Global Total Return Fund), Sales Agreement (Calamos Convertible & High Income Fund), Sales Agreement (Calamos Convertible Opportunities & Income Fund)

Possession of Permits. The Adviser has such Permits licenses, permits and authorizations of governmental or regulatory authorities (“permits”) as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permitpermit.

Appears in 6 contracts

Samples: Underwriting Agreement (Calamos Dynamic Convertible & Income Fund), Underwriting Agreement (Calamos Global Dynamic Income Fund), Underwriting Agreement (Tortoise Power & Energy Infrastructure Fund Inc)

Possession of Permits. The Adviser has such Permits licenses, permits and authorizations of governmental or regulatory authorities ("permits") as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permitpermit.

Appears in 4 contracts

Samples: Underwriting Agreement (Alpine Total Dynamic Dividend Fund), Underwriting Agreement (Cornerstone Progressive Return Fund), Underwriting Agreement (Cornerstone Progressive Return Fund)

Possession of Permits. The Adviser has such Permits permits (as defined herein) as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permitpermit.

Appears in 4 contracts

Samples: Sales Agreement (Calamos Global Total Return Fund), Sales Agreement (Calamos Convertible & High Income Fund), Sales Agreement (Calamos Global Total Return Fund)

Possession of Permits. The Adviser has such Permits Permits, if any, as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the ProspectusProspectus except to the extent that the Adviser’s failure to have any such Permit would not have an Adviser Material Adverse Effect; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 4 contracts

Samples: Underwriting Agreement (Nuveen Energy MLP Total Return Fund), Underwriting Agreement (Nuveen Energy MLP Total Return Fund), Underwriting Agreement (Nuveen Mortgage Opportunity Term Fund)

Possession of Permits. The Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the ProspectusProspectus (except to the extent that the Adviser’s failure to have any such permit could not be reasonably expected to result in an Adviser Material Adverse Effect); the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 2 contracts

Samples: Underwriting Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.), RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Possession of Permits. The Adviser Such Advisor has such Permits licenses, permits and authorizations of governmental or regulatory authorities (“permits”) as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser such Advisor has fulfilled and performed all its material obligations with respect to such Permits permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser such Advisor under any such Permitpermit.

Appears in 2 contracts

Samples: Underwriting Agreement (BlackRock Real Asset Equity Trust), Underwriting Agreement (BlackRock International Growth & Income Trust)

Possession of Permits. The Such Adviser has such Permits licenses, permits and authorizations of governmental or regulatory authorities ("permits"), if any, as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the such Adviser has fulfilled and performed all its material obligations with respect to such Permits permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the such Adviser under any such Permitpermit.

Appears in 2 contracts

Samples: Underwriting Agreement (Eaton Vance Tax-Managed Global Diversified Equity Income Fund), Underwriting Agreement (Eaton Vance Tax-Managed Diversified Equity Income Fund)

Possession of Permits. The Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus Registration Statement, the General Disclosure Package and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 2 contracts

Samples: Underwriting Agreement (Tekla Healthcare Opportunities Fund), Underwriting Agreement (Tekla World Healthcare Fund)

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Possession of Permits. The Adviser has such Permits Permits, if any, as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus, except to the extent that the failure to have any such permit would not have an Adviser Material Adverse Effect; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 1 contract

Samples: Underwriting Agreement (BlackRock Build America Bond Trust)

Possession of Permits. The Adviser Each of the Advisers has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus, except where the absence of such possession would not result in an Adviser Material Adverse Effect; each of the Adviser Advisers has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the such Adviser under any such Permit.

Appears in 1 contract

Samples: Underwriting Agreement (Guggenheim Equal Weight Enhanced Equity Income Fund)

Possession of Permits. The Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus, except to the extent the absence of such Permits would not have an Adviser Material Adverse Effect; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 1 contract

Samples: Underwriting Agreement (First Trust Dynamic Europe Equity Income Fund)

Possession of Permits. The Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 1 contract

Samples: Equity Distribution Agreement (DNP Select Income Fund Inc)

Possession of Permits. The Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Registration Statement, the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

Appears in 1 contract

Samples: Underwriting Agreement (Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.)

Possession of Permits. The Investment Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Investment Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Investment Adviser under any such Permit.

Appears in 1 contract

Samples: Underwriting Agreement (Brookfield Mortgage Opportunity Income Fund Inc.)

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