Common use of Appointment of the Investment Manager Clause in Contracts

Appointment of the Investment Manager. The Company hereby appoints the Investment Manager as the manager of the Investments of the Company from time to time upon the terms hereinafter contained and in accordance with the Laws, the Charter, the Company's investment objective and policies as from time to time in effect, and overall supervision and direction of, and guidelines established by, the Directors until its appointment shall be terminated as hereinafter provided and the Investment Manager hereby accepts such appointment and agrees to assume the obligations and duties set forth herein.