Common use of Investment Policies and Restrictions Clause in Contracts

Investment Policies and Restrictions. (a) The Borrower, without prior written notice to the Agent of at least 30 days, shall not rescind, amend or modify any investment policy described as "fundamental" in any prospectus or any registration statement(s) that may be on file with the Securities and Exchange Commission with respect thereto (collectively herein, a "proposed change"). If, in the reasonable judgment of the Majority Banks, such proposed change will result in a change in the Banks' analysis of the creditworthiness of the Borrower, the Agent shall notify the Borrower of such decision; thereafter, if such proposed change is implemented, the Banks may terminate their Commitments to lend to the Borrower, and all Loans outstanding to the Borrower shall become immediately due and payable.

Investment Policies and Restrictions. (a) The BorrowerNo Fund, without prior written notice to the Agent of at least 30 thirty (30) days, shall not rescind, amend or modify any investment policy described as "fundamental" in any prospectus or any registration statement(s) that may be on file with the Securities and Exchange Commission with respect thereto (collectively herein, a "proposed change"). If, in the reasonable judgment of the Majority Banks, such proposed change will result in a change in the Banks' analysis of the creditworthiness of the Borroweraffected Fund, the Agent shall notify the Borrower relevant Fund of such decision; thereafter, if such proposed change is implementedimplemented with respect to such Fund, the Banks may terminate their Commitments to lend to the Borrowersuch Fund, and all Loans outstanding to the Borrower such Fund shall become immediately due and payable.