Common use of Covenants of the Advisor Clause in Contracts

Covenants of the Advisor. In connection with purchases or sale of portfolio securities for the account of the Company, neither the Advisor nor any officer, director or employee of the Advisor shall act as principal. The Advisor covenants that it and its employees will comply with the investment restrictions of the Company's By-Laws applicable to them. It is understood that, if an occasion should arise in which the Advisor may give any advice to its clients concerning the stock of the Company, it will act solely as investment counsel for clients and not on behalf of the Company.

Covenants of the Advisor. In connection with purchases or sale sales of portfolio securities for the account of the CompanyFund, neither the Advisor nor any officer, director or employee of the Advisor shall act as a principal. The Advisor covenants that it and its employees will comply with the investment restrictions of the CompanyFund's By-Laws Bylaws applicable to them. It is understood that, that if an occasion should arise in which the Advisor or any of its affiliates may give any advice to its clients concerning the stock of the CompanyFund, it will act solely as investment counsel for clients and not on behalf of the CompanyFund.

Covenants of the Advisor. In connection with purchases or sale sales of portfolio securities for the account of the CompanyFund, neither the Advisor nor any officer, director or employee of the Advisor shall act as a principal. The Advisor covenants that it and its employees will comply with the investment restrictions of the CompanyFund's By-Laws Bylaws applicable to them. It is understood that, that if an occasion should arise in which the Advisor may give any advice to its clients concerning the stock of the CompanyFund, it will act solely as investment counsel for clients and not on behalf of the CompanyFund.