Common use of Obligations of and Services to be Provided by the Adviser Clause in Contracts

Obligations of and Services to be Provided by the Adviser. In return for the compensation described in paragraph 4 hereof, the Adviser undertakes to provide the following services and to assume the following obligations: A. OFFICE SPACE, FURNISHINGS, FACILITIES, EQUIPMENT AND PERSONNEL. The Adviser shall furnish to the Company adequate office space, which may be space within the office of the Adviser or in such other place as may be agreed upon from time to time. The Adviser also shall furnish to the Company office furnishings, facilities and equipment, including computer equipment and programs, as may be reasonably required for managing the corporate affairs and conducting the business of the Company, including ordinary clerical, bookkeeping and administrative services, and maintenance of each Fund's books and records. The Adviser shall employ or provide and compensate the executive, secretarial and clerical personnel necessary to provide such services. The Adviser shall also compensate all officers and employees of the Company and, in addition to the services described in subparagraph D of this paragraph, shall permit officers and employees of the Adviser to serve as directors or officers of the Company, without compensation from the Company, if elected to such positions.