Action by Unitholders. Under the Second A&R LLC Agreement, unitholder action can be taken only at a meeting of unitholders or by written consent in lieu of a meeting by unitholders representing at least the number of Units required to approve the matter in question.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (New Mountain Guardian IV BDC, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian III BDC, L.L.C.)
Action by Unitholders. Under the Second A&R LLC Agreement, unitholder action can be taken only at a meeting of unitholders or by written consent in lieu of a meeting by unitholders representing at least the number of Units required to approve the matter in question.
Appears in 1 contract
Sources: Limited Liability Company Agreement (New Mountain Guardian IV Income Fund, L.L.C.)