Common use of Chairperson and Vice Chairperson of the Board Clause in Contracts

Chairperson and Vice Chairperson of the Board. The Board shall choose a Chairperson of the Board from among the Managers. The Chairperson shall not be an officer of the Fund. The Chairperson cannot be an “interested” person of the Fund, or of any investment adviser to the Fund, within the meaning of the 1940 Act. The Chairperson of the Board shall preside at all meetings of the Board and of the Members at which the Chairperson is present. The Chairperson shall have and may exercise such powers as are, from time to time, assigned to him or her by the Board. The Board may choose a Vice Chairperson of the Board from among the Managers. The Vice Chairperson of the Board, if one be elected, shall, when present and in the absence of the Chairperson of the Board, preside at all meetings of the Members and Managers, and the Vice Chairperson shall perform such other duties as may from time to time be assigned to him or her by the Board or as may be required by law.

Chairperson and Vice Chairperson of the Board. The Board shall choose a Chairperson of the Board from among the Managers. The Chairperson shall not be an officer of the Fund. The Chairperson cannot be an “"interested” " person of the Fund, or of any investment adviser to the Fund, within the meaning of the 1940 Act. The Chairperson of the Board shall preside at all meetings of the Board and of the Members at which the Chairperson is present. The Chairperson shall have and may exercise such powers as are, from time to time, assigned to him or her by the Board. The Board may choose a Vice Chairperson of the Board from among the Managers. The Vice Chairperson of the Board, if one be elected, shall, when present and in the absence of the Chairperson of the Board, preside at all meetings of the Members and Managers, and the Vice Chairperson shall perform such other duties as may from time to time be assigned to him or her by the Board or as may be required by law.