Executive Advisory Council. (a) To the extent the Board or the Adviser deem necessary or advisable in their discretion, the Board or the Adviser may consult from time to time with members of New Mountain’s executive advisory council (the “Executive Advisory Council”) on various matters concerning general industry trends and related matters, such as investments and broad strategy as well as specific investment diligence. Neither the Executive Advisory Council, nor any member thereof, will control or have any authority to bind the Fund, and as an advisory body the Executive Advisory Council shall not be construed as a board of directors or similar body with management, decision-making, investment or fiduciary authority or responsibility.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (New Mountain Guardian III BDC, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian III BDC, L.L.C.), New Mountain (New Mountain Guardian III BDC, L.L.C.)
Executive Advisory Council. (a) To the extent the Board or the Adviser deem necessary or advisable in their discretionadvisable, the Board or the Adviser may consult from time to time with members of New Mountain’s executive advisory council (the “Executive Advisory Council”) on various matters concerning general industry trends and related matters, such as investments and broad strategy as well as specific investment diligence. Neither the Executive Advisory Council, nor any member thereof, will control or have any authority to bind the Fund, and as an advisory body the Executive Advisory Council shall not be construed as a board of directors or similar body with management, decision-making, investment or fiduciary authority or responsibility.
Appears in 4 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 IV Unlevered BDC, L.L.C.)
Executive Advisory Council. (a) To the extent the Board or General Partner and the Adviser Investment Manager deem necessary or advisable in their discretion, the Board or General Partner and the Adviser Investment Manager may consult from time to time with members of New Mountain’s executive advisory council (the “Executive Advisory Council”) on various matters concerning general industry trends and related matters, such as investments and broad strategy as well as specific investment diligence. Neither the Executive Advisory Council, nor any member thereof, will control or have any authority to bind the FundPartnership, and as an advisory body the Executive Advisory Council shall not be construed as a board of directors or similar body with management, decision-making, investment or fiduciary authority or responsibility.
Appears in 2 contracts
Samples: Limited Partnership Agreement (New Mountain Vantage Advisers, L.L.C.), Exempted Limited Partnership Agreement (New Mountain Vantage Advisers, L.L.C.)
