BDC Facts & Stats | 17 
Managerial 
Services 
Compensation/Allocation of Costs and  
Expenses 
Indemnification 
Delegation 
Allowed 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
Yes 
Yes 
Reimbursement for costs and expenses 
incurred by the administrator in performing 
its obligations and providing personnel and 
facilities. 
Yes (except by 
reason of 
willful 
misfeasance, 
bad faith or 
gross 
negligence in 
performance of 
the 
administrator’s 
duties or by 
reason of the 
reckless 
disregard of 
duties). 
No 
 
e 
Yes 
Costs and expenses and company’s 
allocable portion of overhead incurred by it 
in performing its obligations under the 
Administration Agreement, including 
compensation paid to or compensatory 
distributions received by officers. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
No 

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