Actions by the Board of Managers. (a) Unless provided otherwise in this Agreement, the Board shall act only: (i) by the affirmative vote of a majority of the Managers (including the vote of a majority of the Independent Managers if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Managers 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 Managers without a meeting, if permissible under the 1940 Act.
Actions by the Board of Managers. Except as may be expressly limited by the provisions of this Agreement, including, without limitation, Sections 4.01(a)(iii), 4.01(a)(vi), 4.01(a)(vii), 4.01(d) and 4.01(e) hereof, each Manager is specifically authorized to execute, sign, seal and deliver in the name and on behalf of the Company any and all agreements, certificates, instruments or other documents requisite to carrying out the intentions and purposes of this Agreement and matters approved by the Board of Managers with respect to the Company.
Actions by the Board of Managers. Except as may be expressly limited by the provisions of this Agreement, including, without limitation, Section 8(b) and Section 8(d) hereof, any Manager is specifically authorized to execute, sign, seal, and deliver in the name and on behalf of the Company any and all agreements, certificates, instruments or other documents requisite to carrying out the intentions and purposes of this Agreement and of the Company.
Actions by the Board of Managers. Wherever approval by or authorization of the Board is required by this Agreement or by the Act, such approval or authorization shall consist of a majority vote of the Board.
Actions by the Board of Managers. (a) Unless provided otherwise in this Agreement, the Board of Managers shall act only: (i) by the affirmative vote of a majority of the Managers (including the separate vote of a majority of the Independent Managers if required by the 1000 Xxx) present at a meeting duly called at which a quorum of the Managers 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 Managers without a meeting, if permissible under the 1940 Act. A majority of the Managers shall constitute a quorum at any meeting.
Actions by the Board of Managers. Except as may be expressly limited by the provisions of this Agreement or law, a majority of the entire Board may delegate to any Manager or Officer authorization to execute, sign, seal and deliver in the name and on behalf of the Company any and all agreements, certificates, instruments or other documents requisite to carrying out the intentions and purposes of this Agreement and of the Company.
Actions by the Board of Managers. (a) Unless provided otherwise in this Agreement, the Board shall act only: (i) by the affirmative vote of a majority of the Managers (including the vote of a majority of the Independent Managers if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Managers shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone or other electronic means) or (ii) by unanimous written consent of all of the Managers without a meeting, if permissible under the 1940 Act. (b) The Board may designate from time to time a Principal Manager or chair who shall preside at all meetings of the Board. Meetings of the Board may be called by the Principal Manager or by any two Managers, and may be held on such date and at such time and place as the Board shall determine. Each Manager shall be entitled to receive written notice of the date, time and place of such meeting within a reasonable time in advance of the meeting. Except as otherwise required by the 1940 Act, notice need not be given to any Manager who shall attend a meeting without objecting to the lack of notice or who shall execute a written waiver of notice with respect to the meeting. Managers may attend and participate in any meeting by telephone or other electronic means except where in person attendance at a meeting is required by the 1940 Act. A majority of the Managers shall constitute a quorum at any meeting. 3.3
Actions by the Board of Managers. (a) Notwithstanding anything to the contrary contained in this Agreement, for as long as each of BSPI and Olympus have the right to designate the Broad Street Managers and the Olympus Managers, respectively, the following actions by the Company or any Subsidiary of the Company shall require approval of a majority of the aggregate votes of the Board of Managers, including the approval of at least one Broad Street Manager and one Olympus Manager:
Actions by the Board of Managers. (a) Unless otherwise provided in this Agreement, the Board of Managers shall act only: (i) by the affirmative vote of a majority of the Managers (which majority shall include any requisite number of Independent Managers required by the Investment Company Act) present at a meeting duly called at which a quorum of the Managers shall be present (in person or, if in person attendance is not required by the Investment Company Act, in person or by telephone or similar communications equipment by means of which all Persons participating in the meeting can hear and speak to each other) or (ii) by the written consent of a majority of the total number of Managers constituting the entire Board of Managers/number of Managers then in office without a meeting, if permissible under the Investment Company Act. Each member of the Board of Managers present at a meeting shall have one vote upon all matters submitted to the Board of Managers.
Actions by the Board of Managers. (a) All Super Majority Consent Decisions and Unanimous Consent Decisions shall be approved and passed by Super Majority Consent or Unanimous Consent (as applicable) at a meeting at which a quorum is present (or through a written consent in accordance with the provisions of Section 3.4). To the extent not specifically designated as a Unanimous Consent Decision or a Super Majority Consent Decision, all decisions otherwise expressly designated in this Agreement for approval by the Board of Managers shall be approved and passed by Required Consent (each a “Required Consent Decision”).
