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Governmental Regulation. No Loan Party is subject to regulation under the Federal Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. No Loan Party nor any of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940.

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Governmental Regulation. No Loan Party nor any of its Subsidiaries is subject to regulation under the Federal Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. No Loan Party nor any of its Subsidiaries is a “registered“registered investment company”company” or a company “controlled”“controlled” by a “registered“registered investment company”company” or a “principal underwriter”“principal underwriter” of a “registered“registered investment company”company” as such terms are defined in the Investment Company Act of 1940.

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Governmental Regulation. NoNone of Parent, any Loan Party or any of their respective Subsidiaries is subject to regulation under the Federal Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. NoNone of Parent, any Loan Party noror any of itstheir respective Subsidiaries is a “registered"registered investment company”company" or a company “controlled”"controlled" by a “registered"registered investment company”company" or a “principal underwriter”"principal underwriter" of a “registered"registered investment company”company" as such terms are defined in the Investment Company Act of 1940.

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