Common use of Business Development Company Clause in Contracts

Business Development Company. The Company, during a period of twelve months from the date of the Prospectus, will use commercially reasonable efforts to maintain its status as a business development company under the Investment Company Act; provided, however, that the Company may change the nature of its business so as to cease to be, or withdraw its election to be treated as, a business development company with the approval of its Board of Directors and a vote of stockholders as required by Section 58 of the Investment Company Act.

Appears in 30 contracts

Samples: Underwriting Agreement (Trinity Capital Inc.), Administration Agreement (Sixth Street Specialty Lending, Inc.), Underwriting Agreement (Sixth Street Specialty Lending, Inc.)

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Business Development Company. The Company, during a period of twelve months from the date of the ProspectusOffering Memorandum, will use commercially reasonable efforts to maintain its status as a business development company under the Investment Company Act; provided, however, that the Company may change the nature of its business so as to cease to be, or withdraw its election to be treated as, a business development company with the approval of its Board of Directors and a vote of stockholders as required by Section 58 of the Investment Company Act.

Appears in 3 contracts

Samples: Registration Rights Agreement (Sixth Street Lending Partners), Registration Rights Agreement (Sixth Street Lending Partners), Administration Agreement (Owl Rock Capital Corp II)

Business Development Company. The Company, during a period of twelve months from the date of the ProspectusClosing Date, will use commercially reasonable efforts to maintain its status as a business development company under the Investment Company Act; provided, however, that the Company may change the nature of its business so as to cease to be, or withdraw its election to be treated as, a business development company with the approval of its Board of Directors and a vote of stockholders as required by Section 58 of the Investment Company Act.

Appears in 2 contracts

Samples: TPG Specialty Lending, Inc., TPG Specialty Lending, Inc.

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Business Development Company. The Company, during a period of twelve (12) months from the date of the Prospectus, will use commercially reasonable efforts to maintain its status as a business development company under the Investment Company Act; provided, however, that the Company may change the nature of its business so as to cease to be, or withdraw its election to be treated as, a business development company with the approval of its Board of Directors and a vote of stockholders as required by Section 58 of the Investment Company Act.

Appears in 2 contracts

Samples: Owl Rock Capital Corp, Owl Rock Capital Corp

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