Event Id 59: Generate Activation Context failed for <...> Reference error message:Access is denied

For some reason, I came across this error on a sql server machine.

Generate Activation Context failed for C:\Program Files\Microsoft SQL Server\MSSQL.2\OLAP\bin\msmdctr90.DLL. Reference error message: Access is denied.

To solve this problem I had to give the "Performance Log Users" List Folder Contents permissions

c:\Program Files\Microsoft SQL Server\MSSQL.2\OLAP\bin


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