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EXHIBIT k(2)
▇▇▇▇▇▇▇ ▇▇▇▇▇ SENIOR FLOATING RATE FUND II, INC.
LICENSE AGREEMENT RELATING TO USE OF NAME
AGREEMENT, made as of the 19th day of February 1999, by and between
▇▇▇▇▇▇▇ ▇▇▇▇▇ & CO., INC., a Delaware corporation ("ML&Co."), and ▇▇▇▇▇▇▇ ▇▇▇▇▇
SENIOR FLOATING RATE FUND II, INC., a Maryland corporation (the "Fund");
W I T N E S S E T H :
WHEREAS, ML&Co. was incorporated under the laws of the State of
Delaware on March 27, 1973 under the corporate name "▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co., Inc."
and has used such name at all times thereafter;
WHEREAS, ML&Co. was duly qualified as a foreign corporation under the
laws of the State of New York on April 25, 1973 and has remained so qualified at
all times thereafter;
WHEREAS, the Fund was incorporated under the laws of the State of
Maryland on February 9, 1999; and
WHEREAS, the Fund desires to qualify as a foreign corporation under the
laws of the State of New York and has requested ML&Co. to give its consent to
the use of the name "▇▇▇▇▇▇▇ ▇▇▇▇▇" in the Fund's corporate name.
NOW, THEREFORE, in consideration of the premises and of the covenants
hereinafter contained, ML&Co. and the Fund hereby agree as follows:
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1. ML&Co. hereby grants the Fund a non-exclusive license to use the
words "▇▇▇▇▇▇▇ ▇▇▇▇▇" in its corporate name.
2. ML&Co. hereby consents to the qualification of the Fund as a foreign
corporation under the laws of the State of New York with the words "▇▇▇▇▇▇▇
▇▇▇▇▇" in its corporate name and agrees to execute such formal consents as may
be necessary in connection with such filing.
3. The non-exclusive license hereinabove referred to has been given and
is given by ML&Co. on the condition that it may at any time, in its sole and
absolute discretion, withdraw the non-exclusive license to the use of the words
"▇▇▇▇▇▇▇ ▇▇▇▇▇" in the name of the Fund; and, as soon as practicable after
receipt by the Fund of written notice of the withdrawal of such non-exclusive
license, and in no event later than ninety days thereafter, the Fund will change
its name so that such name will not thereafter include the words "▇▇▇▇▇▇▇ ▇▇▇▇▇"
or any variation thereof.
4. ML&Co. reserves and shall have the right to grant to any other
company, including without limitation, any other investment company, the right
to use the words "▇▇▇▇▇▇▇ ▇▇▇▇▇" or variations thereof in its name and no
consent or permission of the Fund shall be necessary; but, if required by an
applicable law of any state, the Fund will forthwith grant all requisite
consents.
5. The Fund will not grant to any other company the right to use a name
similar to that of the Fund or ML&Co. without the written consent of ML&Co.
6. Regardless of whether the Fund should hereafter change its name and
eliminate the words "▇▇▇▇▇▇▇ ▇▇▇▇▇" or any variation thereof from such name, the
Fund hereby grants to ML&Co. the right to cause the incorporation of other
corporations or the organization of
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voluntary associations which may have names similar to that of the Fund or to
that to which the Fund may change its name and to own all or any portion of the
shares of such other corporations or associations and to enter into contractual
relationships with such other corporations or associations, subject to any
requisite approval of a majority of the Fund's shareholders and the Securities
and Exchange Commission and subject to the payment of a reasonable amount to be
determined at the time of use, and the Fund agrees to give and execute any such
formal consents or agreements as may be necessary in connection therewith.
7. This Agreement may be amended at any time by a writing signed by the
parties hereto.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
▇▇▇▇▇▇▇ ▇▇▇▇▇ & CO., INC.
By
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Vice President
▇▇▇▇▇▇▇ ▇▇▇▇▇ SENIOR FLOATING
RATE FUND II, INC.
By
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President
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