New Transactions. 1. Except as noted below, approval authority for all new single obligor loan transactions resides solely with the Investment Committee. 2. Except as noted below, approval of new transactions requires the majority vote of the members of the Investment Committee, including an affirmative vote from the Chairman or his designee. 3. In addition to approval by the Investment Committee, Underwriting Commitments are subject to additional approval rules described in Policy 2.2 (Approval of Syndicated Credits).
Appears in 2 contracts
Sources: Loan and Servicing Agreement, Loan and Servicing Agreement (NF Investment Corp.)