Process for Sale. The Manager shall agree with the Company a process and timetable for the orderly sale of all existing VCF Portfolio Securities and shall transfer all sale proceeds to the Utility Portfolio; provided that, if all existing VCF Portfolio Securities have not been unconditionally sold within 12 months of the VCF Termination Date (or such other date as agreed by the Company and the Manager), the Company may transfer all such VCF Portfolio Securities out of the Venture Capital Portfolio into the Utility Portfolio, and, for the purpose of VCF Management Fee calculations, the VCF Commitment shall be reduced to zero and the Manager shall continue to manage such VCF Portfolio Securities in accordance with the Management Agreement.
Appears in 4 contracts
Samples: Management Agreement, Management Agreement, Management Agreement
