Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 31 contracts
Samples: Limited Liability Company Agreement (PNC Absolute Return TEDI Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, if required by the 0000 Xxx1940 Act) present at a meeting duly called xxxxxx at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Liability Company Agreement (Mercantile Long Short Manager Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in in-person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act0000 Xxx.
Appears in 3 contracts
Samples: Separate Series Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Limited Liability Company Agreement (Cadogan Opportunistic Alternatives Fund, LLC), Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
Actions by the Board of Directors. (a) Unless Except as otherwise required by the 1940 Act and unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 1000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephonetelephone or other electronic means by which all persons entitled to vote at the meeting my hear one another) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act1000 Xxx.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (W), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 1), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in in-person attendance is not required by the 1940 Act, by telephonetelephone or by similarly interactive electronic media) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act0000 Xxx.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Skybridge G II Fund, LLC), Limited Liability Company Agreement (Skybridge G II Fund, LLC), Triangle Fund LLC
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in in-person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 3 contracts
Samples: Separate Series Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Separate Series Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Operating Agreement (Ing Clarion Investors LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 XxxInvestment Company Act) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Investment Company Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Investment Company Act.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Persimmon Growth Partners Fund Lp), Acp Strategic Opportunities Fund Ii LLC, Acp Continuum Return Fund Ii LLC
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 XxxInvestment Company Act) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in person in‑person attendance is not required by the 1940 Investment Company Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Investment Company Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Fintan Alternative Fixed Income Advisory Fund, LLC), Liability Company Agreement (Fintan Alternative Fixed Income Institutional Fund, LLC), Limited Liability Company Agreement (Fintan Alternative Fixed Income Master Fund, LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting x xxxxxxg duly called at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Tremont Market Neutral Fund LLC), Limited Liability Company Agreement (Oppenheimer Tremont Opportunity Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum of the quorux xx xxx Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly mxxxxxx xuly called at which a quorum of the Directors shall be present (in person or, if in in-person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 2 contracts
Samples: Separate Series Agreement (Citigroup Alternative Investments Multi-Adviser Hedge Fund Portfolios (Series M) LLC), Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 1000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in in-person attendance is not required by the 1940 Act, by telephonetelephone or by similarly interactive electronic media) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act1000 Xxx.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Skybridge G II Fund, LLC), Limited Liability Company Agreement (Skybridge Diversified Hedge Fund Portfolio, LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, if required by the 0000 Xxx1940 Act) present at a meeting duly called at xxxxxx xt which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Liability Company Agreement (Mercantile Long Short Manager Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum whicx x xxxxum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Asa Debt Arbitrage Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting x xxxxxxg duly called at which a quorum of the Directors shall be present (in person or, if in in-person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum of xxxxxx xf the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Asa Market Neutral Equity Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly called at xxxxxx xt which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Phoenix LJH Advisors Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum of the Directors Dxxxxxxxx shall be present (in person or, if in in-person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum x xxxxxx of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Asa Managed Futures Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act0000 Xxx.
Appears in 1 contract
Samples: Separate Series Agreement (Clarion Value Fund Master LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, if required by the 0000 Xxx1940 Act) present at a meeting duly called dxxx xxxled at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mercantile Small Cap Manager Fund LLC)
Actions by the Board of Directors. (a) Unless provided otherwise in this Agreement, the Board of Directors shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, Directors if required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum of qxxxxx xx the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Asa Hedged Equity Fund LLC)
