Common use of Amendments By Consent Clause in Contracts

Amendments By Consent. Except as otherwise provided in this Agreement, the terms and provisions of this Agreement may be amended with the consent of the Board (which term includes any waiver, modification, or deletion of this Agreement) during or after the term of the Fund, together with the prior written consent of a majority-in-interest of the Common Unitholders. Notwithstanding the provisions of this Section 12.1, no amendment without the consent of the affected Member shall increase the liability or obligations or increase the Capital Commitment of such Members.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (New Mountain Guardian IV BDC, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian IV Income Fund, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian III BDC, L.L.C.)

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