Common use of Management by the Managing Members Clause in Contracts

Management by the Managing Members. Prior to an Exchange Listing, the Fund shall be managed by the Managing Members. No other Member shall participate, or have the right or power to participate, in the control of the business of the Fund, nor shall any other Member have any right or authority to act for or bind the Fund.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Hc BDC LLC)

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Management by the Managing Members. Prior to an Exchange Listing, the The Fund shall be managed by the Managing Members. No other Member shall participate, or have the right or power to participate, in the control of the business of the Fund, nor shall any other Member have any right or authority to act for or bind the Fund.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (SCP Private Credit Income BDC LLC), Limited Liability Company Agreement (SCP Private Credit Income BDC LLC)

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