Common use of Section 15 of the Investment Company Act Clause in Contracts

Section 15 of the Investment Company Act. Neither Buyer nor any of its Subsidiaries has any express or implied understanding or arrangement which would impose an "unfair burden" (as such term is used in Section 15(f) of the Investment Company Act) on any of the Funds or would in any way violate Section 15(f) of the Investment Company Act, as a result of the transactions contemplated hereby.

Section 15 of the Investment Company Act. Neither Buyer ----------------------------------------- nor any of its Subsidiaries has any express or implied understanding or arrangement which would impose an "unfair burden" (as such term is used in Section 15(f) of the Investment Company Act) on any of the Funds or would in any way violate Section 15(f) of the Investment Company Act, as a result of the transactions contemplated hereby.

Section 15 of the Investment Company Act. Neither Buyer nor any of its Subsidiaries Affiliates has any express or implied understanding or arrangement which would impose an "unfair burden" (as such term is used in Section 15(f) of the Investment Company Act) burden on any of the Funds or would in any way violate cause or result in a failure of the conditions contained in Section 15(f) of the Investment Company Act, as a result of Act with respect to the transactions contemplated hereby.