Common use of Manager Status Clause in Contracts

Manager Status. Each of the Managers is duly registered and in good standing with the Commission as an investment adviser under the Advisers Act, and is not prohibited by the Advisers Act or the 1940 Act, or the rules and regulations under such acts, from acting under the Investment Management Agreement for the Fund as contemplated by the Prospectus.

Appears in 3 contracts

Sources: Purchase Agreement (PIMCO Global StocksPLUS & Income Fund), Purchase Agreement (PIMCO Floating Rate Strategy Fund), Purchase Agreement (Pimco Floating Rate Income Fund)