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 Investments, either directly or indirectly through Subsidiaries or other Persons, primarily in middle-market and other 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 or incidental to, or for the furtherance of, the purposes set forth in Section 2.4(a). (c) The Company may enter into and perform Subscription Agreements among the Company and each Member, without any further act, vote or approval of any Member notwithstanding any other provision of this Agreement (other than Section 3.1(a) hereof), 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 make Investments, either directly or indirectly through Subsidiaries or other Persons, primarily in middle-market loans to and other corporate debt securitiesinvestments 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 convenient, or incidental to, or for the furtherance of, the purposes set forth in Section 2.4(a2.04(a). (c) The Company may enter into and perform Subscription Agreements among the Company and each MemberAdministration Agreement, without any further act, vote vote, or approval of any Member notwithstanding any other provision of this Agreement (other than Section 3.1(a) hereof)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 make Investments, either directly or indirectly through Subsidiaries or other Persons, primarily in middle-market and other corporate debt securitiessenior secured loans of privately held companies, with guidelines as established from time to 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 or incidental to, or for the furtherance of, the purposes set forth in Section 2.4(a). (c) The Company may enter into and perform Subscription Agreements among the Company and each Member, without any further act, vote or approval of any Member notwithstanding any other provision of this Agreement (other than Section 3.1(a) hereof)), 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 make originate, structure and invest in first lien loans to third-party Portfolio Companies pursuant to NBSC’s non- conforming loan program (collectively, “Investments, either directly or indirectly through Subsidiaries or other Persons, primarily in middle-market and other corporate debt securities”), and (ii) to engage in any other lawful acts or activities in furtherance thereof 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 2.4(a2.04(a). (c) The Company may enter into and perform Subscription Agreements among each of the Company Administrative Services Agreement, the Loan Administrative Services Agreement and each Memberthe Loan Servicing Agreement, without any further act, vote vote, or approval of any Member notwithstanding any other provision of this Agreement (other than Section 3.1(a) hereof)Agreement, the Act or any other applicable law, rule or regulation.