Common use of Advisory Arrangements Clause in Contracts

Advisory Arrangements. The Directors may in their discretion, from time to time, cause the Company to enter into an Investment Advisory Agreement with the Adviser to provide certain services including, but not limited to, the following: (a) Manage Investment Portfolio: manage the Company's investment portfolio with full discretion to purchase, sell and exercise voting or consent rights with respect to all instruments, investment vehicles, Securities and other property in which the Company may invest, on such terms and conditions as the Board may determine from time to time, all without obtaining the prior consent of the Members or consulting with the Members prior to effecting any of the foregoing except as required by applicable Law; the Adviser will use its best efforts to select investments for the Company on the basis of their possibilities for achieving the Company's investment objective, as set forth in the Company's Registration Statement; and to conduct, operate and carry on the activities of an investment company, and, in connection therewith: (i) to subscribe for, purchase or otherwise acquire and invest and reinvest in, to hold for investment or otherwise, to sell, transfer, assign, negotiate, exchange, lend or otherwise dispose of, and to turn to account or realize upon and generally deal in and with, domestic or foreign securities; and (ii) to acquire and become the owner of or interested in any securities by delivering or issuing in exchange or payment therefor, in any lawful manner, any of the Company Property; and (iii) to exercise while the owner of any securities or interests therein any and all of the rights, powers and privileges of ownership of such securities or interests, including without limitation any and all voting rights and rights of assent, consent or dissent pertaining thereto, and to do any and all acts and things for the preservation, protection, improvement and enhancement in value thereof; and (iv) to purchase, sell and hold currencies and enter into contracts for the future purchase or sale of currencies, including but not limited to forward foreign currency exchange contracts; and (v) to enter into futures and forward contracts, and to purchase and write put and call options on futures contracts, securities, currencies and securities indexes; and (vi) to make loans to the extent provided in the Registration Statement from time to time; and (vii) to engage in such other activities as may be disclosed in the Registration Statement from time to time; and Notwithstanding anything to the contrary herein contained but consistent with the applicable investment objectives, the Company shall be managed in compliance with the requirements of the Investment Company Act, the Investment Advisers Act of 1940, as amended, the Code and other applicable Law. The Company shall not be limited to investing in securities maturing before the possible dissolution of the Company, nor shall the Company be limited by any law limiting the investments that may be made by fiduciaries.

Advisory Arrangements. The Directors may in their discretion, from time to time, cause the Company to enter into an Investment Advisory Agreement with the Adviser to provide certain services including, but not limited to, the following: (a) Manage Investment Portfolio: manage the Company's investment portfolio with full discretion to purchase, sell and exercise voting or consent rights with respect to all instruments, investment vehicles, Securities and other property in which the Company may invest, on such terms and conditions as the Board may determine from time to time, all without obtaining the prior consent of the Members or consulting with the Members prior to effecting any of the foregoing except as required by applicable Law; the Adviser will use its best efforts to select investments for the Company on the basis of their possibilities for achieving the Company's investment objective, as set forth in the Company's Registration Statement; and to conduct, operate and carry on the activities of an investment company, and, in connection therewith: (i) to subscribe for, purchase or otherwise acquire and invest and reinvest in, to hold for investment or otherwise, to sell, transfer, assign, negotiate, exchange, lend or otherwise dispose of, and to turn to account or realize upon and generally deal in and with, domestic or foreign securities; and (ii) to acquire and become the owner of or interested in any securities by delivering or issuing in exchange or payment therefor, in any lawful manner, any of the Company Property; and (iii) to exercise while the owner of any securities or interests therein any and all of the rights, powers and privileges of ownership of such securities or interests, including without limitation any and all voting rights and rights of assent, consent or dissent pertaining thereto, and to do any and all acts and things for the preservation, protection, improvement and enhancement in value thereof; and (iv) to purchase, sell and hold currencies and enter into contracts for the future purchase or sale of currencies, including but not limited to forward foreign currency exchange contracts; and (v) to enter into futures and forward contracts, and to purchase and write put and call options on futures contracts, securities, currencies and securities indexes; and (vi) to make loans to the extent provided in the Registration Statement from time to time; and (vii) to engage in such other activities as may be disclosed in the Registration Statement from time to time; and Notwithstanding anything to the contrary herein contained but consistent with the applicable investment objectives, the Company shall be managed in compliance with the requirements of the Investment Company Act, the Investment Advisers Act of 1940, as amended, the Code and other applicable Law. The Company shall not be limited to investing in securities maturing before the possible dissolution of the Company, nor shall the Company be limited by any law limiting the investments that may be made by fiduciaries.