Common use of Connected Persons Clause in Contracts

Connected Persons. For the purpose of this Amended and Restated Investment Contract, and subject to such amendments as the R.O.C. SFC may require, a person is a "Connected Person" of another if: (a) together with any person acting in concert with it in this connection, it owns or otherwise controls for its own account, directly or indirectly, an interest, whether or not a voting interest, of more than 5% (or, in the case of an interest of the Custodian, 10%) of that other; or (b) it is a director or supervisor, or takes any significant active role in the management, of that other.