Common use of Objective and Business of the Company Clause in Contracts

Objective and Business of the Company. (a) The objective and business of the Company is to purchase, sell (including short sales), invest and trade in Securities, on margin or otherwise, and to engage in any financial or derivative transactions relating thereto or otherwise. The Company may carry out its activities directly or indirectly through the purchase of interests in Investment Funds, which may include a subsidiary “master fund” formed for the purpose of investing the Company’s assets together with the assets of one or more other “feeder funds”. Notwithstanding any provision of this Agreement to the contrary, the Company, and each Director on behalf of the Company, may execute, deliver and perform all contracts, agreements, subscription documents and other undertakings and engage in all activities and transactions that may in the opinion of the Board of Directors be necessary or advisable to carry out its objective or business.

Objective and Business of the Company. (a) The objective and business of the Company is to (i) purchase, sell (including short sales), invest and trade in Securities, on margin margin, leverage (including through borrowings realized by issuing Preferred Shares or other Securities), or otherwise, and to engage in any financial or derivative transactions relating thereto or otherwise. The Company otherwise and (ii) engage in such other lawful acts as a limited liability company may carry out its activities directly or indirectly through be permitted to engage in under the purchase of interests in Investment Funds, which may include a subsidiary “master fund” formed for the purpose of investing the Company’s assets together with the assets of one or more other “feeder funds”Delaware Act. Notwithstanding any provision of this Agreement to the contrary, the Company, and each Director on behalf of the Company, may execute, deliver and perform all contracts, agreements, subscription documents and other undertakings and engage in all activities and transactions that may in the opinion of the Board of Directors be necessary or advisable to carry out its objective or business.