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 originate, structure and invest in first lien loans to and other investments in third-party Portfolio Companies (“Investments”), and (ii) to engage in any other lawful acts or activities as the Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act. (b) Subject to the provisions of this Agreement, the Company shall have the power and authority to take any and all actions necessary, appropriate, proper, advisable, convenient, or incidental to, or for the furtherance of, the purposes set forth in Section 2.04(a). (c) The Company may enter into and perform each of the Administrative Services Agreement, the Loan Administrative Services Agreement and the Loan Servicing Agreement, without any further act, vote, or approval of any Member notwithstanding any other provision of this Agreement, the Act or any other applicable law, rule or regulation.

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to originate, structure and invest in first lien make loans to and other investments in third-party Portfolio Companies (“Investments”), and (ii) to engage in any other lawful acts or activities as the 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. (b) Subject to the provisions of this Agreement, the Company shall have the power and authority to take any and all actions necessary, appropriate, proper, advisable, convenient, or incidental to, or for the furtherance of, the purposes set forth in Section 2.04(a). (c) The Company may enter into and perform each of the Administrative Services Agreement, the Loan Administrative Services Agreement and the Loan Servicing Administration Agreement, without any further act, vote, or approval of any Member notwithstanding any other provision of this Agreement, the Act or any other applicable law, rule or regulation.

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to originatemake Investments, structure and invest either directly or indirectly through Subsidiaries or other Persons, in first lien senior secured loans of privately held companies, with guidelines as established from time to and other investments in third-party Portfolio Companies (“Investments”)time by Board Approval, and (ii) to engage in any other lawful acts or activities as the Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act. (b) Subject to the provisions of this Agreement, the Company shall have the power and authority to take any and all actions necessary, appropriate, proper, advisable, convenient, convenient or incidental to, or for the furtherance of, the purposes set forth in Section 2.04(a2.4(a). (c) The Company may enter into and perform Subscription Agreements among the Company and each of the Administrative Services Agreement, the Loan Administrative Services Agreement and the Loan Servicing AgreementMember, without any further act, vote, vote or approval of any Member notwithstanding any other provision of this AgreementAgreement (other than Section 3.1(a)), the Act or any other applicable law, rule or regulation.

Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to originatemake Investments, structure and invest either directly or indirectly through Subsidiaries or other Persons, primarily in first lien loans to middle-market and other investments in third-party Portfolio Companies (“Investments”)corporate debt securities, and (ii) to engage in any other lawful acts or activities as the Board deems reasonably necessary or advisable for which limited liability companies may be organized under the Act. (b) Subject to the provisions of this Agreement, the Company shall have the power and authority to take any and all actions necessary, appropriate, proper, advisable, convenient, convenient or incidental to, or for the furtherance of, the purposes set forth in Section 2.04(a2.4(a). (c) The Company may enter into and perform Subscription Agreements among the Company and each of the Administrative Services Agreement, the Loan Administrative Services Agreement and the Loan Servicing AgreementMember, without any further act, vote, vote or approval of any Member notwithstanding any other provision of this AgreementAgreement (other than Section 3.1(a) hereof), the Act or any other applicable law, rule or regulation.