Common use of Responsibilities of Adviser Clause in Contracts

Responsibilities of Adviser. Without limiting the generality of the foregoing, the Adviser (or one of its affiliates) shall, during the term and subject to the provisions of this Agreement (including Section 1(a) of this Agreement): (i) determine the composition and allocation of the Company’s investment portfolio, the nature and timing of any changes therein and the manner of implementing such changes; (ii) identify, evaluate and negotiate the structure of the Investments (as defined below) made by the Company; (iii) perform due diligence on prospective Portfolio Companies (as defined in the Registration Statement); (iv) execute, close, service and monitor the Investments; (v) determine the Investments and other assets that the Company shall purchase, retain or sell; (vi) negotiate, arrange and obtain financings and borrowing facilities for the Company; (vii) exercising voting rights in respect of Investments; (viii) provide the Company with such other investment advisory, research and related services as the Company may, from time to time, reasonably require for the investment of its funds; and (ix) to the extent permitted under the Investment Company Act and the Advisers Act, on the Company’s behalf, and in coordination with any Sub-Adviser (as defined below) or administrator, provide significant managerial assistance to those Portfolio Companies to which the Company is required to provide such assistance under the Investment Company Act, including utilizing appropriate personnel of the Adviser to, among other things, monitor the operations of such Portfolio Companies, participate in board and management meetings, consult with and advise officers of such Portfolio Companies, and provide other organizational and financial consultation.