Portfolio Company’s Compensation. In certain circumstances the Adviser or any of its respective affiliates may receive compensation from a portfolio company, in connection with the Company’s investment in such portfolio company. Any compensation received by the Adviser or any of its affiliates attributable to the Company’s investment in any portfolio company, in excess of any of the limitations in or exemptions granted from the 1940 Act, any interpretation thereof by the staff of the SEC, or the conditions set forth in any exemptive relief granted to the Adviser or the Company by the SEC, shall be delivered promptly to the Company and the Company will retain such excess compensation for the benefit of its shareholders.
Appears in 5 contracts
Samples: Investment Advisory Agreement (Palmer Square Capital BDC Inc.), Investment Advisory Agreement (Palmer Square Capital BDC Inc.), Investment Advisory Agreement (Palmer Square Capital BDC Inc.)
Portfolio Company’s Compensation. In certain circumstances the Adviser Adviser, or any of its it respective affiliates Affiliates (as defined below), may receive compensation from a portfolio company, in connection with the Company’s investment in such portfolio company. Any compensation received by the Adviser Adviser, or any of its affiliates respective Affiliates, attributable to the Company’s investment in any portfolio company, in excess of any of the limitations in or exemptions granted from the 1940 Act, any interpretation thereof by the staff of the SEC, or the conditions set forth in any exemptive relief granted to the Adviser Adviser, or the Company by the SEC, shall be delivered promptly to the Company and the Company will retain such excess compensation for the benefit of its shareholdersstockholders.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Kayne Anderson BDC, Inc.), Investment Advisory Agreement (Kayne Anderson BDC, LLC)
