Purpose and Powers of the Company. (a) The purpose and business of the Company shall be (i) to make and hold Investments, either directly or indirectly, as may be approved from time to time in accordance with the terms hereof and (ii) to engage in any other lawful acts or activities as the Members (acting through the Committee) deem reasonably necessary or advisable for which limited liability companies may be organized under the Act. (b) Subject to any limitations in 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 under (i) the Subordinated Notes between the Company and each Member and (ii) the Contribution and Sale Agreement, each in the form approved by the Members (with Prior Committee Approval).
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Bain Capital Private Credit), Limited Liability Company Agreement (Bain Capital Specialty Finance, Inc.), Limited Liability Company Agreement (Bain Capital Specialty Finance, Inc.)