Common use of Restrictions on Holding of Interests Clause in Contracts

Restrictions on Holding of Interests. The Interests subscribed for will be acquired by you solely for your account as principal, solely for investment, and are not being purchased for subdivision, resale or distribution, or for the direct or indirect account or benefit of any other person or entity. You have no existing or contemplated agreement or arrangement with any person to sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of the Interests. You will not sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of the Interests or any portion thereof without (1) compliance with the Prospectus and Statement of Additional Information, including payment of all expenses, including attorneys’ and accountants’ fees, incurred by the Fund in connection with the review of such sale, exchange, transfer, assignment, pledge or hypothecation, even if such sale, exchange, transfer, assignment, pledge or hypothecation is not approved and (2) the prior written consent of the Fund.