Common use of Term and Effectiveness Clause in Contracts

Term and Effectiveness. This Agreement shall become effective as of the first date written above. Once effective, this Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year periods; provided that such continuance is specifically approved at least annually by: (i) the vote of the Board of Directors, or by the vote of a majority of the outstanding voting securities of the Company and (ii) the vote of a majority of the Board of Directors who are not “interested persons” as defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”), in accordance with the requirements of the Investment Company Act.

Appears in 5 contracts

Samples: Investment Advisory Agreement (Senior Credit Investments, LLC), Investment Advisory Agreement (Jefferies Credit Partners BDC Inc.), Investment Advisory Agreement (Senior Credit Investments, LLC)

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Term and Effectiveness. This Agreement shall become effective as of the first date written aboveabove written. Once effective, this This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company Company; and (ii) the vote of a majority of the Board of Company’s Directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”)Act) of any such party, in accordance with the requirements of the Investment Company Act.

Appears in 2 contracts

Samples: Administrative Services Agreement (Age Reversal, Inc.), Investment Advisory And (Keating Capital Inc)

Term and Effectiveness. This Agreement shall become effective as of the first date written above. Once effective, this Agreement hereof and shall remain in effect for two years, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company and (ii) the vote of a majority of the Board of Directors Company’s directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”)Act) of any such party, in accordance with the requirements of the Investment Company Act.

Appears in 2 contracts

Samples: Investment Advisory And (HMS Income Fund, Inc.), Investment Advisory And (Main Street Capital CORP)

Term and Effectiveness. This Agreement shall become effective as of the date first date written above. Once effective, this This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company and (ii) the vote of a majority of the Board of Directors Company’s directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”)Act) of any such party, in accordance with the requirements of the Investment Company Act.

Appears in 2 contracts

Samples: Investment Advisory and Management Services Agreement (Business Development Corp of America), Investment Advisory and Management Services Agreement (Business Development Corp of America)

Term and Effectiveness. This Agreement shall become effective as of the first date written above. Once effective, this Agreement shall remain in effect for two yearsone year from the date of such approval, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company Corporation and (ii) the vote of a majority of the Board of Directors Corporation’s directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act Act) of any such party (the “Independent Directors”), in accordance with the requirements of the Investment Company Act.

Appears in 1 contract

Samples: Investment Advisory Agreement (NexPoint Capital, Inc.)

Term and Effectiveness. This Agreement shall become effective as of the first date written above. Once effective, this Agreement Effective Date and shall remain in effect for two yearsyears from the Effective Date, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company Fund and (ii) the vote of a majority of the Board of Directors Fund's trustees who are not parties to this Agreement or "interested persons" (as such term is defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”)Act) of any such party, in accordance with the requirements of the Investment Company Act.. 7 (b)

Appears in 1 contract

Samples: Investment Advisory Agreement (FS Global Credit Opportunities Fund-A)

Term and Effectiveness. This Agreement shall become effective as of the first date written above. Once effective, this Agreement Effective Date and shall remain in effect for two yearsyears from the Effective Date, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company Fund and (ii) the vote of a majority of the Board of Directors Fund’s trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”)Act) of any such party, in accordance with the requirements of the Investment Company Act.

Appears in 1 contract

Samples: Investment Advisory Agreement (FS Global Credit Opportunities Fund)

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Term and Effectiveness. This Agreement shall become effective as of the first date written aboveabove written. Once effective, this This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company Company, and (ii) the vote of a majority of the Board of Directors Company’s directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”)Act) of any such party, in accordance with the requirements of the Investment Company Act.

Appears in 1 contract

Samples: Investment Advisory And (Keating Capital Inc)

Term and Effectiveness. This Agreement shall become effective as of the first date written above. Once effective, this This Agreement shall remain in effect for two years, years and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company Corporation and (ii) the vote of a majority of the Board of Directors Corporation's directors who are not parties to this Agreement or "interested persons" (as such term is defined in Section 2(a)(19) of the Investment Company Act Act) of any such party (the “"Independent Directors"), in accordance with the requirements of the Investment Company Act.

Appears in 1 contract

Samples: Administrative Services Agreement (Integrity Capital Income Fund, Inc.)

Term and Effectiveness. This Agreement shall become effective as of the first date written aboveEffective Date. Once effective, this This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year annual periods; , provided that such continuance is specifically approved at least annually by: by (i) the vote of the Board of DirectorsBoard, or by the vote of a majority of the outstanding voting securities of the Company Company; and (ii) the vote of a majority of the Board of Company’s Directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act (the “Independent Directors”)Act) of any such party, in accordance with the requirements of the Investment Company Act.

Appears in 1 contract

Samples: Agreement (Bdca Venture, Inc.)

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