Quorum; Acts of the Board. (a) At all meetings of the Board the presence of two (2) Directors shall constitute a quorum for the transaction of business, provided that there are an equal number of Directors present that were elected, designated, or appointed by each Member. If a quorum shall not be present at any meeting of the Board, then the Directors present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (THL Credit, Inc.), Limited Liability Company Agreement (BlackRock Capital Investment Corp), Limited Liability Company Agreement (Owl Rock Core Income Corp.)
Quorum; Acts of the Board. (a) At all meetings of the Board the presence of two (2) Directors Managers shall constitute a quorum for the transaction of business, provided that there are an equal number of Directors Managers present that were elected, designated, or appointed by each Member. If a quorum shall not be present at any meeting of the Board, then the Directors Managers present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MONROE CAPITAL Corp)
