Common use of Possession of Permits Clause in Contracts

Possession of Permits. Such Adviser has such 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, except where the absence of such possession would not result in an Adviser Material Adverse Effect; such 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 such Adviser under any such permit.

Possession of Permits. Such The Adviser has such 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, Prospectus except where the absence of such possession failure would not result in an Adviser Material Adverse Effectbe reasonably expected to have a material adverse effect on the Adviser; such 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 such the Adviser under any such permit.

Possession of Permits. Such Adviser Advisor has such 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, except where the absence of failure to possess such possession permits would not result in have an Adviser Advisor Material Adverse Effect; such Adviser Advisor 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 such Adviser Advisor under any such permit.

Possession of Permits. Such The Adviser has such 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, Prospectus except where to the absence of extent that the Adviser’s failure to have any such possession permit would not result in have an Adviser Material Adverse Effect; such 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 such the Adviser under any such permit.

Possession of Permits. Such The Adviser has such licensesPermits, 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 Registration Statement, the Preliminary Prospectus and the Prospectus, Prospectus except where to the absence of extent that the Adviser’s failure to have any such possession Permit would not result in have an Adviser Material Adverse Effect; such 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 such the Adviser under any such permitPermit.