Covenants of the Investment Advisor Sample Clauses
Covenants of the Investment Advisor. The Investment Advisor covenants, warrants and represents, during the full term of this Agreement, that:
Covenants of the Investment Advisor. The Investment Advisor covenants, warrants and represents, during the full term of this Agreement, that: 6.1 The Investment Advisor is, and shall remain, registered as an investment advisor under the Investment Advisers Act of 1940, as amended, and registered or licensed as an investment advisor by the appropriate regulatory agency of each state in which the advisor has clients, or is exempt from such registration requirements. 6.2 Neither the Investment Advisor nor any person associated with the Investment Advisor is registered, or is required to be registered, as a broker-dealer or registered representative with the SEC, NASD self-regulatory organization, or state securities commission. 6.3 The Investment Advisor shall comply with all applicable federal and state securities laws, including, without limitation, the disclosure and compensation requirements of the Investment Advisers Act of 1940, as amended, and the provisions thereof requiring disclosure of the existence of this Agreement and the compensation to be paid to the Investment Advisor hereunder. 6.4 The Investment Advisor shall maintain the records required by Section 204 of the Investment Advisers Act of 1940, as amended, and Rule 204-2 thereunder in the form and for the periods required thereby. 6.5 Investment Advisor represents to the Partnership that Investment Advisor has established and implemented anti-money laundering compliance programs in accordance with applicable law, including applicable SEC rules and the USA PATRIOT Act of 2001, reasonably expected to detect and cause the reporting of suspicious transactions in connection with the sale of Units of the Partnership.