Common use of MEETINGS OF THE DIRECTORS Clause in Contracts

MEETINGS OF THE DIRECTORS. The Directors may in their discretion provide for regular or stated meetings of the Directors. Notice of regular or stated meetings need not be given. Meetings of the Directors other than regular or stated meetings shall be held whenever called by the Chief Executive Officer or by any two of the Directors or by the Corporate Secretary, at the time then in office. Notice of the time and place of each meeting other than regular or stated meetings shall be given by the Corporate Secretary or an Assistant Corporate Secretary or by the Chief Executive Officer or Directors calling the meeting and shall be mailed, postage prepaid, to each Director at least three (3) days before the meeting, or shall be given by telephone, cable, wireless, facsimile or other electronic mechanism by which receipt thereof can be confirmed to each Director at his business address or personally delivered to him at least one (1) day before the meeting. Such notice may, however, be waived by any Director. Notice of a meeting need not be given to any Director if a written waiver of notice, executed by him before or after the meeting, is filed with the records of the meeting or to any Director who attends the meeting without protesting prior thereto or at its commencement the lack of notice to him. A notice or waiver of notice need not specify the purpose of any meeting. The Directors may meet by means of a telephone conference circuit or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means shall be deemed to have been held at a place designated by the Directors at the meeting. Participation in a telephone conference meeting shall constitute presence in person at such meeting. Any action required or permitted to be taken at any meeting of the Directors may be taken by the Directors without a meeting if a majority of the Directors then in office (or such higher number of Directors as would be required to act on the matter under the LLC Agreement, these By-Laws or applicable law if a meeting were held) consent to the action in writing and the written consents are filed with the records of the Directors' meetings. Such consents shall be treated as a vote for all purposes. Notwithstanding the foregoing, all actions of the Directors shall be taken in compliance with the provisions of the 1940 Act.

MEETINGS OF THE DIRECTORS. The Directors may in their discretion provide for regular or stated meetings of the Directors. Notice of regular or stated meetings need not be given. Meetings of the Directors other than regular or stated meetings shall be held whenever called by the Chief Executive Officer Chairman, the President, or by any two of the Directors or by the Corporate SecretaryDirectors, at the time then being in office. Notice of the time and place of each meeting other than regular or stated meetings shall be given by the Corporate Secretary or an Assistant Corporate Secretary or by the Chief Executive Officer officer or Directors calling the meeting and shall be delivered or mailed, postage prepaid, to each Director at least three (3) two days before the meeting, or shall be given telegraphed, cabled, wired, or delivered by telephoneequivalent electronic means, cable, wireless, facsimile or other electronic mechanism by which receipt thereof can be confirmed to each Director at his or her business address address, or personally delivered to him or her, at least one (1) day before the meeting. Such notice may, however, be waived by any DirectorDirectors. Notice of a meeting need not be given to any Director if a written waiver of notice, executed by him or her before or after the meeting, is filed with the records of the meeting meeting, or to any Director who attends the meeting without protesting prior thereto or at its commencement the lack of notice to himhim or her. A notice or waiver of notice need not specify the purpose of any meeting. The Directors may meet by means of a telephone conference circuit or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means are connected, which meeting shall be deemed to have been held at a place designated by the Directors at the meeting. Participation in a telephone conference meeting shall constitute presence in person at such meeting. Any action required or permitted to be taken at any meeting of the Directors may be taken by the Directors without a meeting if a majority of the Directors then in office (or such higher number of Directors as would be required to act on the matter under the LLC AgreementDeclaration of Trust, these By-Laws or applicable law if a meeting were held) consent to the action in writing and the written consents are filed with the records of the Directors' ’ meetings. Such consents shall be treated for all purposes as a vote for all purposestaken at a meeting of the Directors. Notwithstanding the foregoing, all actions of the Directors shall be taken betaken in compliance with the provisions of the 1940 ActInvestment Company Act of 1940, as amended.

MEETINGS OF THE DIRECTORS. The Directors may in their discretion provide for regular or stated meetings of the Directors. Notice of regular or stated meetings need not be given. Meetings of the Directors other than regular or stated meetings shall be held whenever called by the Chief Executive Officer Chairman, the President, or by any two of the Directors or by the Corporate SecretaryDirectors, at the time then being in office. Notice of the time and place of each meeting other than regular or stated meetings shall be given by the Corporate Secretary or an Assistant Corporate Secretary or by the Chief Executive Officer officer or Directors calling the meeting and shall be delivered or mailed, postage prepaid, to each Director at least three (3) two days before the meeting, or shall be given by telephonetelegraphed, cablecabled, wireless, facsimile or other electronic mechanism by which receipt thereof can be confirmed wired to each Director at his or her business address address, or personally delivered to him or her, at least one (1) day before the meeting. Such notice may, however, be waived by any Director. Notice of a meeting need not be given to any Director if a written waiver of notice, executed by him or her before or after the meeting, is filed with the records of the meeting meeting, or to any Director who attends the meeting without protesting prior thereto or at its commencement the lack of notice to himhim or her. A notice or waiver of notice need not specify the purpose of any meeting. The Directors may meet by means of a telephone conference circuit or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time are connected, and participation by such means meeting shall be deemed to have been held at a place designated by the Directors at the meeting. Participation in a telephone conference meeting shall constitute presence in person at such meeting. Any action required or permitted to be taken at any meeting of the Directors may be taken by the Directors without a meeting if a majority of the Directors then in office (or such higher number of Directors as would be required to act on the matter under the LLC Agreement, these By-Laws or applicable law if a meeting were held) consent to the action in writing and the written consents are filed with the records of the Directors' ’ meetings. Such consents shall be treated for all purposes as a vote for all purposestaken at a meeting of the Directors. Notwithstanding the foregoing, all actions of the Directors shall be taken in compliance with the provisions of the 1940 Act.

MEETINGS OF THE DIRECTORS. The Directors may in their discretion provide for regular or stated meetings of the Directors. Notice of regular or stated meetings need not be given, except as may be required by applicable law. Meetings of the Directors other than regular or stated meetings shall be held whenever called by the Chief Executive Officer Chairman, the President, or by any two of the Directors or by the Corporate SecretaryDirectors, at the time then being in office. Notice of the time and place of each meeting other than regular or stated meetings shall be given by the Corporate Secretary or an Assistant Corporate Secretary or by the Chief Executive Officer officer or Directors calling the meeting and shall be delivered or mailed, postage prepaid, to each Director at least three (3) two days before the meeting, or shall be given telegraphed, cabled, wired, or delivered by telephoneequivalent electronic means, cable, wireless, facsimile or other electronic mechanism by which receipt thereof can be confirmed to each Director at his or her business address address, or personally delivered to him or her, at least one (1) day before the meeting. Such notice may, however, be waived by any Director. Notice of a meeting need not be given to any Director if a written waiver of notice, executed by him or her before or after the meeting, is filed with the records of the meeting meeting, or to any Director who attends the meeting without protesting prior thereto or at its commencement the lack of notice to himhim or her. A notice or waiver of notice need not specify the purpose of any meeting, except as may be required by applicable law. The Directors may meet by means of a telephone conference circuit or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means are connected, which meeting shall be deemed to have been held at a place designated by the Directors at the meeting. Participation in a telephone conference meeting shall constitute presence in person at such meeting. Any action required or permitted to be taken at any meeting of the Directors may be taken by the Directors without a meeting if a majority of the Directors then in office (or such higher number of Directors as would be required to act on the matter under the LLC AgreementDeclaration of Trust, these By-Laws or applicable law if a meeting were held) consent to the action in writing and the written consents are filed with the records of the Directors' meetings. Such consents shall be treated for all purposes as a vote for all purposestaken at a meeting of the Directors. Notwithstanding the foregoing, all actions of the Directors shall be taken in compliance with the provisions of the 1940 ActInvestment Company Act of 1940, as amended.