Common use of ADVICE AND MANAGEMENT Clause in Contracts

ADVICE AND MANAGEMENT. (a) The Directors will, among their powers, have the authority to cause the Partnership to engage the Investment Manager to provide Advice and Management to the Partnership under their direction, subject to the initial approval of any such engagement prior to the Closing Date by the Directors as required under the 1940 Act (including the vote of a majority of the Independent Directors at a meeting called for such purpose) and by the Organizational Limited Partner. As directed by the Directors, the Partnership and the General Partner, on behalf of the Partnership, among its powers described in Section 3.2 of this Agreement, will have the authority to execute, deliver and monitor the performance of any contract or agreement to provide Advice and Management to the Partnership (each, an "Investment Advisory Agreement"). Any such Investment Advisory Agreement will require that the Investment Manager acknowledge its obligations under this Agreement.

ADVICE AND MANAGEMENT. (a) The Directors will, among their powers, have the authority to cause the Partnership to engage the Investment Manager to provide Advice and Management to the Partnership under their direction, subject to the initial approval of any such engagement prior to the Closing Date by the Directors as required under the 1940 Act (including the vote of a majority of the Independent Directors at a meeting called for such purpose) and by the Organizational Limited Partner. As directed by the Directors, the Partnership and the General Partner, on behalf of the Partnership, among its powers described in Section SECTION 3.2 of this Agreement, will have the authority to execute, deliver and monitor the performance of any contract or agreement to provide Advice and Management to the Partnership (each, an "Investment Advisory Agreement"“INVESTMENT ADVISORY AGREEMENT”). Any such Investment Advisory Agreement will require that the Investment Manager acknowledge its obligations under this Agreement.

ADVICE AND MANAGEMENT. (a) The Directors will, among their powers, have the authority to cause the Partnership to engage the Investment Manager to provide Advice and Management to the Partnership under their direction, subject to the initial approval of any such engagement prior to the Closing Date by the Directors as required under the 1940 Act (including the vote of a majority of the Independent Directors at a meeting called for such purpose) and by the Organizational Limited Partner. As directed by the Directors, the Partnership and the General Partner, on behalf of the Partnership, among its powers described in Section SECTION 3.2 of this Agreement, will have the authority to execute, deliver and monitor the performance of any contract or agreement to provide Advice and Management to the Partnership (each, an "Investment Advisory AgreementINVESTMENT ADVISORY AGREEMENT"). Any such Investment Advisory Agreement will require that the Investment Manager acknowledge its obligations under this Agreement.