ERISA Members. The Company shall use reasonable best efforts to ensure that “benefit plan investors” hold less than twenty five percent (25%) of each class of equity interests in the Company (determined in accordance with the Plan Assets Regulation).
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Phillip Street Middle Market Lending Fund LLC), Limited Liability Company Agreement (Goldman Sachs Private Middle Market Credit LLC), Limited Liability Company Agreement (Goldman Sachs Private Middle Market Credit II LLC)
ERISA Members. The Company shall use reasonable best efforts to ensure that “benefit plan investors” hold less than twenty five percent (25%) % of each class of equity interests in the Company (determined in accordance with the Plan Assets Regulation).
Appears in 4 contracts
Samples: Limited Liability Company Agreement (West Bay BDC LLC), Limited Liability Company Agreement (West Bay BDC LLC), Limited Liability Company Agreement (West Bay BDC LLC)
ERISA Members. The Company shall use reasonable best efforts to ensure that “benefit plan investors” hold less than twenty five percent (25%) of each class of equity interests in the Company (determined in accordance with the Plan Assets Regulation).. * * * * * * *
Appears in 1 contract
Samples: Limited Liability Company Agreement
