Common use of Termination of Status of Adviser and Directors Transfers and Repurchases Clause in Contracts

Termination of Status of Adviser and Directors Transfers and Repurchases. 4.1 Termination of Status of the Adviser. The status of the Adviser as a Member shall terminate if the Investment Advisory Agreement with the Adviser terminates and the Fund does not enter into a new Investment Advisory Agreement with such person, effective as of the date of such termination.

Termination of Status of Adviser and Directors Transfers and Repurchases. 4.1 Termination of Status of the AdviserTERMINATION OF STATUS OF THE ADVISER. The status of the Adviser as a Member shall terminate if the Investment Advisory Agreement with the Adviser terminates and the Fund does not enter into a new Investment Advisory Agreement with such personthe Adviser, effective as of the date of such termination.