BDC Manager definition

BDC Manager means Capital Q Management LLC, and shall also mean any Person who becomes BDC Manager pursuant to the provisions of Section 4.02 and any Person who succeeds to all or a portion of the BDC Manager’s Interest pursuant to Section 8.05 of this Agreement.
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Examples of BDC Manager in a sentence

  • For so long as there are both Trinity Managers and BDC Managers present, a meeting may only be held with the attendance of at least one Trinity Manager and one BDC Manager.

  • The BDC shall have the power to remove a BDC Manager at any time with or without cause, and in such case may appoint such Person’s replacement.

  • A BDC Manager shall also cease to be a Manager upon such Person’s written resignation, death or incapacity, and in any such event the BDC may appoint such Person’s replacement.

  • The BDC shall notify the other Members and the Board of Managers promptly if any BDC Manager ceases to be a Manager and of any replacement of a BDC Manager.

  • The Board of Managers hereby authorizes the BDC to cause either BDC Manager, acting in his capacity as a Manager, to contract for leverage on behalf of the Fund, whether in the form of one or more traditional loans or in the form of one or more derivative contracts (together, “Leverage”).

  • Such Leverage may be in such form and on such terms as a BDC Manager acting under the direction of the BDC shall agree, and each BDC Manager is hereby authorized to execute the related documentation on behalf of the Fund as a Manager of the Fund.