Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Administrator is or becomes a trustee, officer and/or employee of the Fund and acts as such in any business of the Fund, then such manager, partner, member, officer and/or employee of the Administrator shall be deemed to be acting in such capacity solely for the Fund, and not as a manager, partner, member, officer or employee of the Administrator or under the control or direction of the Administrator, even if paid by the Administrator.
Appears in 26 contracts
Samples: Administration Agreement (FS Series Trust), Administration Agreement (FS Multi-Alternative Income Fund), Administration Agreement (FS Multi-Alternative Income Fund)
Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a manager, partner, member, trustee, officer or employee of the Administrator Advisor is or becomes a trustee, officer and/or employee of the Fund Company and acts as such in any business of the FundCompany, then such manager, partner, member, officer and/or employee of the Administrator Advisor shall be deemed to be acting in such capacity solely for the FundCompany, and not as a manager, partner, member, officer or employee of the Administrator Advisor or under the control or direction of the AdministratorAdvisor, even if paid by the AdministratorAdvisor.
Appears in 24 contracts
Samples: Investment Advisory Agreement (CC Real Estate Income Fund-T2), Investment Advisory Agreement (CC Real Estate Income Fund-T2), Investment Advisory Agreement (NorthStar Real Estate Capital Income Fund-C)
Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a manager, partner, member, trustee, officer or employee of the Administrator Adviser is or becomes a trustee, officer and/or employee of the Fund Company and acts as such in any business of the FundCompany, then such manager, partner, member, officer and/or employee of the Administrator Adviser shall be deemed to be acting in such capacity solely for the FundCompany, and not as a manager, partner, member, officer or employee of the Administrator Adviser or under the control or direction of the AdministratorAdviser, even if paid by the AdministratorAdviser.
Appears in 15 contracts
Samples: Investment Advisory Agreement (NorthStar Corporate Income Master Fund), Investment Advisory Agreement (NorthStar Corporate Income Fund), Investment Advisory Agreement (NorthStar Corporate Income Fund-T)
Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Administrator Adviser is or becomes a trustee, officer and/or employee of the Fund Company and acts as such in any business of the FundCompany, then such manager, partner, member, officer and/or employee of the Administrator Adviser shall be deemed to be acting in such capacity solely for the FundCompany, and not as a manager, partner, member, officer or employee of the Administrator Adviser or under the control or direction of the AdministratorAdviser, even if paid by the AdministratorAdviser.
Appears in 12 contracts
Samples: Advisory Agreement (FS Credit Real Estate Income Trust, Inc.), Investment Advisory Agreement (Franklin BSP Real Estate Debt BDC), Investment Advisory Agreement (Franklin BSP Real Estate Credit BDC)
Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Administrator Adviser is or becomes a trustee, officer and/or employee of the Fund and acts as such in any business of the Fund, then such manager, partner, member, officer and/or employee of the Administrator Adviser shall be deemed to be acting in such capacity solely for the Fund, and not as a manager, partner, member, officer or employee of the Administrator Adviser or under the control or direction of the AdministratorAdviser, even if paid by the AdministratorAdviser.
Appears in 10 contracts
Samples: Investment Advisory Agreement (FS Global Credit Opportunities Fund), Investment Advisory Agreement (FS Credit Income Fund), Investment Advisory (VII Peaks Co-Optivist Income Fund)
Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a manager, partner, member, officer or and/or employee of the Administrator Advisor is or becomes a trustee, officer and/or employee of the Fund and acts as such in any business of the Fund, then such manager, partner, member, officer and/or employee of the Administrator Advisor shall be deemed to be acting in such capacity solely for the Fund, and not as a manager, partner, member, officer or and/or employee of the Administrator Advisor or under the control or direction of the AdministratorAdvisor, even if paid by the AdministratorAdvisor.
Appears in 4 contracts
Samples: Investment Advisory Agreement (Ramius Archview Credit & Distressed Fund), Investment Advisory Agreement (Triloma EIG Global Energy Term Fund I), Investment Advisory Agreement (Triloma EIG Global Energy Fund)
Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a managerdirector, partnerofficer, member, officer shareholder or employee of the Administrator Adviser is or becomes a trusteedirector, officer officer, shareholder and/or employee of the Fund Company and acts as such in any business of the FundCompany, then such managerdirector, partnerofficer, member, officer shareholder and/or employee of the Administrator Adviser shall be deemed to be acting in such capacity solely for the FundCompany, and not as a managerdirector, partnerofficer, member, officer shareholder or employee of the Administrator Adviser or under the control or direction of the AdministratorAdviser, even if paid by the AdministratorAdviser.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Corporate Capital Trust II), Investment Advisory Agreement (Corporate Capital Trust II)
Responsibility of Dual Trustees, Officers and/or Employees. If any person who is a managerdirector, partnerofficer, member, officer shareholder or employee of the Administrator Adviser is or becomes a trustee, officer officer, shareholder and/or employee of the Fund Company and acts as such in any business of the FundCompany, then such managertrustee, partnerofficer, member, officer shareholder and/or employee of the Administrator Adviser shall be deemed to be acting in such capacity solely for the FundCompany, and not as a managertrustee, partnerofficer, member, officer shareholder or employee of the Administrator Adviser or under the control or direction of the AdministratorAdviser, even if paid by the AdministratorAdviser.
Appears in 1 contract
Samples: Investment Advisory Agreement (Corporate Capital Trust II)
Responsibility of Dual Trustees, Officers and/or Employees. 6 If any person who is a manager, partner, member, officer or employee of the Administrator Adviser is or becomes a trustee, officer and/or employee of the Fund and acts as such in any business of the Fund, then such manager, partner, member, officer and/or employee of the Administrator Adviser shall be deemed to be acting in such capacity solely for the Fund, and not as a manager, partner, member, officer or employee of the Administrator Adviser or under the control or direction of the AdministratorAdviser, even if paid by the AdministratorAdviser. 8.
Appears in 1 contract
Samples: Investment Advisory Agreement (FS Global Credit Opportunities Fund-A)
