Term and Effectiveness. This Agreement shall become effective as of the date hereof and shall remain in effect for two years, 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 Fund and (ii) the vote of a majority of the Fund’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the ▇▇▇▇ ▇▇▇) of any such party, in accordance with the requirements of the 1940 Act (“Independent Trustees”).
Appears in 8 contracts
Sources: Investment Advisory Agreement (Flat Rock Core Income Fund), Investment Advisory Agreement (Flat Rock Core Income Fund), Investment Advisory Agreement (Flat Rock Opportunity Fund)
Term and Effectiveness. This Agreement shall become effective as of the date hereof and shall remain in effect for two years, 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 Fund and (ii) the vote of a majority of the Fund’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the ▇▇▇▇ ▇▇▇1940 Act) of any such party, in accordance with the requirements of the 1940 Act (“Independent Trustees”).
Appears in 6 contracts
Sources: Investment Advisory Agreement (Flat Rock Enhanced Income Fund), Investment Advisory Agreement (Flat Rock Core Income Fund), Investment Advisory Agreement (Flat Rock Opportunity Fund)
Term and Effectiveness. This Agreement shall become effective as of the first date hereof and written above. Once effective, this Agreement shall remain in effect for two years, 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 of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Fund’s trustees who are not “interested persons” (of the Fund, the Adviser or their respective affiliates as such term is defined in Section 2(a)(19) of the ▇▇▇▇ ▇▇▇) of any such party1940 Act (the “Independent Trustees”), in accordance with the requirements of the 1940 Act (“Independent Trustees”)Act, or as otherwise permitted under Section 15 of the 1940 Act.
Appears in 1 contract
Sources: Investment Advisory Agreement (Third Point Private Capital Partners)
Term and Effectiveness. This Agreement shall become effective as of the date hereof and shall remain in effect for two years, 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 Fund and (ii) the vote of a majority of the Fund’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the ▇1▇▇▇ ▇▇▇) of any such party, in accordance with the requirements of the 1940 Act (“Independent Trustees”).
Appears in 1 contract
Sources: Investment Advisory Agreement (Flat Rock Enhanced Income Fund)