Common use of Purpose and Powers of the Company Clause in Contracts

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make and hold Investments, either directly or indirectly, as may be approved from time to time in accordance with the terms hereof and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem reasonably necessary or advisable for which limited liability companies may be organized under the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bain Capital Specialty Finance, Inc.), Limited Liability Company Agreement (Bain Capital Specialty Finance, Inc.)

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Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make loans to and hold other investments in third-party Portfolio Companies (“Investments”), either directly or indirectly, as may be approved from time to time in accordance with the terms hereof and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (BlackRock Capital Investment Corp), Limited Liability Company Agreement (THL Credit, Inc.)

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make and hold Investments, either directly or indirectly, as may be approved from time to time in accordance with the terms hereof and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PennantPark Floating Rate Capital Ltd.)

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make loans to and hold other investments in third-party Portfolio Companies (“Investments”), either directly or indirectly, as may be approved from time to time in accordance with the terms hereof and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act. It is expected that Investments will primarily consist of senior loans to middle market companies.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MONROE CAPITAL Corp)

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make and hold Investments, either directly or indirectly, as may be approved from time to time in accordance with the terms hereof and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem reasonably necessary or advisable for which limited liability companies may be organized under the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pennantpark Investment Corp)

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Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make and hold Investments, either directly or indirectlyindirectly through Subsidiaries or other Persons, as may be approved from time to time primarily in accordance with the terms hereof middle-market and other corporate debt securities, and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fifth Street Finance Corp.)

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make and hold Investments, either directly or indirectlyindirectly through Subsidiaries or other Persons, in senior secured loans of privately held companies, with guidelines as may be approved established from time to time in accordance with the terms hereof by Board Approval, and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (WhiteHorse Finance, Inc.)

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