Manner of Acting for Board of Managers. Except as otherwise required by the Act, the Investment Company Act or this Agreement the act of the majority of the Managers present at a meeting at which a quorum is present shall be the act of the Board of Managers. Each Manager shall be entitled to one vote upon all matters submitted to the Board of Managers.
Appears in 16 contracts
Samples: Limited Liability Company Agreement (NB Crossroads Private Markets Access Fund LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV Holdings LLC)
Manner of Acting for Board of Managers. Except as otherwise required by the Act, the Investment Company Act or this Agreement the act of the majority of the Managers present at a meeting at which a quorum is present shall be the act of the Board of Managers. Each Manager shall be entitled to one vote upon all matters submitted to the Board of Managers.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Fortress Pinnacle Investment Fund LLC), Limited Liability Company Agreement (Fortress Brookdale Investment Fund LLC)
Manner of Acting for Board of Managers. Except as otherwise other wise required by the Act, the Investment Company Act or this Agreement the act of the majority of the Managers present at a meeting at which a quorum is present shall be the act of the Board of Managers. Each Manager shall be entitled to one vote upon all matters submitted to the Board of Managers.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC)
