Review of Policies. The Board of Directors, including the Independent Directors, shall review the investment and borrowing policies of the Company with sufficient frequency (and, upon Commencement of the Initial Public Offering, at least annually) to determine that the policies being followed by the Company at any time are in the best interests of its Members. Each such determination and the basis therefor shall be set forth in the minutes of the meetings of the Board of Directors.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)
Review of Policies. The Board of Directors, including the Independent Directors, shall review the investment and borrowing policies of the Company with sufficient frequency (and, upon the Initial Closing of the Private Placement or, if earlier, the Commencement of the Initial Public Offering, at least annually) to determine that the policies being followed by the Company at any time are in the best interests of its Members. Each such determination and the basis therefor shall be set forth in the minutes of the meetings of the Board of Directors.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)
Review of Policies. The Board of Directors, including the Independent Directors, shall Directors may review the investment and borrowing policies and valuation guidelines of the Company with sufficient frequency (and, upon Commencement of the Initial Public Offering, at least annually) and each Series from time to time to determine that the policies being followed by the Company and each Series at any time are in the best interests of its MembersMembers and Shareholders. Each such determination and the basis therefor shall be set forth in the minutes of the meetings of the Board of Directors.
Appears in 2 contracts
Samples: Apollo Asset Backed Credit Co LLC, Apollo Infrastructure Co LLC
