Investment Not Compelled. The Trust acknowledges and agrees that the Fund of Funds is not compelled to invest in any of the Funds.
Investment Not Compelled Sample Clauses
Related to Investment Not Compelled
Not an Investment Company The Borrower is not an "investment company" within the meaning of the Investment Company Act of 1940, as amended.
Successor Investment Company Unless this Agreement has been terminated in accordance with Paragraph 11, the terms and provisions of this Agreement shall become automatically applicable to any investment company which is a successor to the Trust as a result of reorganization, recapitalization or change of domicile.
Regulated Investment Company Status During the 12-month period following the Closing Time, the Company will use its commercially reasonable efforts to qualify and elect to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) and to maintain such qualification and election in effect for each full fiscal year during which it is a business development company under the 1940 Act.
Investment Companies No Restricted Entity or Affiliate thereof is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended.
Restricted Investment Make or have, or permit any Subsidiary of Borrower to make or have, any Restricted Investment.
