Common use of BDC Status Clause in Contracts

BDC Status. The Collateral Manager will use its best efforts to continue to be regulated as a business development company under the 1940 Act.

Appears in 7 contracts

Samples: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.)

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BDC Status. The Collateral Manager will use its best efforts to continue to be regulated as a business development company under the 1940 Act. Section 5.4.

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)

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BDC Status. The Collateral Manager will use its best efforts to continue to be regulated as a business development company under the 1940 Act.. (r)

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)

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