In this paper, we study when a set-continuous operator has a fixed-point that is the intersection of a directed family. The framework of our study is the Kelley-Morse theory KMC– and the Gödel-Bernays theory GBC–, both theories including an Axiom of Choice and excluding the Axiom of Foundation. On the one hand, we prove a result concerning monotone operators in KMC– that cannot be proved in GBC–. On the other hand, we study conditions on directed superclasses in GBC– in order (...) that their intersection is a fixed-point of a set-continuous operator. Finally, we illustrate our results with a solution to the liar paradox and a construction of maximal bisimulations. (shrink)