Common use of Rule 38a-1 Compliance Program Clause in Contracts

Rule 38a-1 Compliance Program. Agent will maintain written policies and procedures reasonably designed to prevent violations of the Federal Securities Laws, as that term is defined in Rule 38a-1 ("Rule 38a-1"), adopted by the Securities and Exchange Commission under the Investment Company Act of 1940, as amended (the "1940 Act") with respect to the services provided by Agent hereunder. Agent will provide to Fund in connection with any periodic annual or semi-annual stockholder report filed by Fund and, if requested by Fund, in connection with Fund filings on Form N-Q, a sub-certification in a form reasonably requested by Fund, relating to Agent's performance of services hereunder and Agent's related internal controls. In addition, on a quarterly basis, Agent will provide to Fund a certification in connection with Rule 38a-1 in a form reasonably requested by Fund. Upon Fund's request, Agent will provide Fund with a summary of its policies and procedures in connection with Fund's compliance with Rule 38a-1 and will provide such explanations of its policies and procedures as Fund may reasonably request. To the extent Agent makes any material changes to its written policies and procedures in order to address changing regulatory and industry developments that would impact Fund's compliance with Rule 38a-1, it will notify Fund of any such changes in a timely manner.