Common use of Term and Effectiveness Clause in Contracts

Term and Effectiveness. This Agreement shall become effective as of the date that the Corporation meets the minimum offering requirement, as such term is defined in the prospectus contained in the Registration Statement. This Agreement shall remain in effect for two years from the date such minimum offering requirement is satisfied, and thereafter shall continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board, or by the vote of a majority of the outstanding voting securities of the Corporation and (ii) the vote of a majority of the Corporation’s directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act) of any such party (“Independent Directors”), in accordance with the requirements of the Investment Company Act.

Term and Effectiveness. This Agreement shall become effective as of the date that the Corporation Company meets the minimum offering requirement, as such term is defined in the prospectus contained in the Registration StatementCompany’s registration statement on Form N-2 as declared effective by the SEC. This Agreement shall remain in effect for two years from the date such minimum offering requirement is satisfiedyears, and thereafter shall continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board, or by the vote of a majority of the outstanding voting securities of the Corporation Company and (ii) the vote of a majority of the CorporationCompany’s directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act) of any such party (“Independent Directors”)party, in accordance with the requirements of the Investment Company Act.

Term and Effectiveness. This Agreement shall become effective as of the date that the Corporation Company meets the minimum offering requirement, as such term is defined in the prospectus contained in the Registration Statement. This Agreement shall remain in effect for two years from the date such minimum offering requirement is satisfied, and thereafter shall continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board, or by the vote of a majority of the outstanding voting securities of the Corporation Company and (ii) the vote of a majority of the CorporationCompany’s directors trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act) of any such party (“Independent DirectorsTrustees”), in accordance with the requirements of the Investment Company Act.

Term and Effectiveness. This Agreement shall become effective with respect to the Master Company as of the date that hereof and with respect to each Feeder Company as of the Corporation meets date set forth opposite the minimum offering requirementname of the Feeder Company on Appendix A attached hereto. Once effective as to the relevant Company, as such term is defined in the prospectus contained in the Registration Statement. This this Agreement shall remain in effect for two years from the date such minimum offering requirement is satisfiedyears, and thereafter shall continue automatically for successive annual one-year periods, provided that such continuance is specifically approved at least annually by by: (i) the vote of the Board, or by the vote Company’s Board of a majority of the outstanding voting securities of the Corporation Trustees and (ii) the vote of a majority of the CorporationCompany’s directors trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company 1940 Act, or any successor provision thereto) (the “Independent Trustees”) of any such party (“Independent Directors”)party, in accordance with the requirements of the Investment Company 1940 Act.

Term and Effectiveness. This Agreement shall become effective as of the date that the Corporation meets the minimum offering requirement, as such term is defined in the prospectus contained in the Registration Statement. This Agreement shall remain in effect for two years one year from the date such minimum offering requirement is satisfied, and thereafter shall continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board, or by the vote of a majority of the outstanding voting securities of the Corporation and (ii) the vote of a majority of the Corporation’s directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act) of any such party (“Independent Directors”), in accordance with the requirements of the Investment Company Act.

Term and Effectiveness. This Agreement shall become effective as of the date that the Corporation Company meets the minimum offering requirement, as such term is defined in the prospectus contained in the Registration StatementCompany's registration statement on Form N-2 as declared effective by the SEC. This Agreement shall remain in effect for two years from the date such minimum offering requirement is satisfiedyears, and thereafter shall continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board, or by the vote of a majority of the outstanding voting securities of the Corporation Company and (ii) the vote of a majority of the Corporation’s Company's directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act) of any such party (“Independent Directors”)party, in accordance with the requirements of the Investment Company Act.