With respect to the Corporation Clause Samples
The "With respect to the Corporation" clause serves to clarify that the rights, obligations, or actions described in the agreement specifically pertain to the corporation as a legal entity, rather than to its individual shareholders, directors, or officers. In practice, this clause ensures that any references to duties, liabilities, or benefits are attributed to the corporation itself; for example, indemnification or payment obligations would be the responsibility of the corporation, not its stakeholders personally. This clause is essential for maintaining the legal separation between the corporation and the individuals involved with it, thereby protecting personal assets and ensuring that corporate actions are properly attributed.
With respect to the Corporation. (1) The Corporation is a corporation duly organized, existing and in good standing under the laws of the state of its formation;
(2) The Corporation is an investment company properly registered under the 1940 Act;
(3) The Registration Statement will become effective prior to the commencement of the Corporation’s public offering and will be effective and remain effective during the term of this Agreement.;
(4) Prior to the commencement of the Corporation’s public offering, any necessary filings under the securities laws of the states in which the Corporation offers or sells its shares will be made; and
(5) As of the close of business on the date of this Agreement, the Advisor is authorized to issue a sufficient number of shares of beneficial interest with respect to the Funds.