Common use of Committees of Managers Clause in Contracts

Committees of Managers. By resolution adopted by the Board of Managers, the Board of Managers may designate two or more Managers to constitute a committee, any of which shall have such authority in the management of the Company as the Board of Managers shall designate.

Appears in 18 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV Holdings LLC), Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV (TI) - Client LLC)

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Committees of Managers. By resolution adopted by the Board of Managers, the Board of Managers may designate two or more Managers to constitute a committee, any of which shall have such authority in the management of the Company Fund as the Board of Managers shall designate.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NB Crossroads Private Markets Access Fund LLC)

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