Common use of Committees of Directors Clause in Contracts

Committees of Directors. The Board may, by resolution passed by a majority of the votes held by all Directors, designate one or more committees. Such resolution shall specify the duties, quorum requirements, number of votes and qualifications of each of the members of such committees, each such committee to consist of such number of Directors as the Board may fix from time to time; provided that the Board shall endeavor to comprise each of its respective committees with the same members as New Mountain Finance’s respective

Committees of Directors. The Board may, by resolution passed by a majority of the votes held by all DirectorsMajority Board Vote, designate one or more committees. Such resolution shall specify the duties, quorum requirements, number of votes and qualifications of each of the members of such additional committees, each such committee to consist of one or more of the Directors. Any such number committee, to the extent and only to the extent expressly provided in the resolution of Directors as the Board, shall have and may exercise all the powers and authority of the Board may fix from time in the management of the business and affairs of the Company. Each committee shall keep regular minutes of its meetings and report the same to time; provided that the Board shall endeavor to comprise each of its respective committees with the same members as New Mountain Finance’s respectivewhen required.