Common use of Business Development Company Clause in Contracts

Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, as amended. ___ Other. The Buyer is an entity all of the equity holders of which are qualified institutional buyers. _________________________ (1) Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is 1 a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (RALI Series 2007-Qa5 Trust)

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Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, as amended. ___ Other/ / QUALIFIED INSTITUTIONAL BUYERS. The Buyer owned and/or invested on a discretionary basis less than $100,000,000, but it is an entity in which all of the equity holders of which owners are qualified institutional buyers. _________________________ (1) Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is 1 a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

Appears in 1 contract

Samples: Trust Agreement (SLM Funding LLC)

Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, as amended. ___ Other. The Buyer is an entity all of the equity holders of which are qualified institutional buyers. _________________________ (1) ------------------ 1 Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is 1 a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I MRT Ps THR CRT Ser 2003 Nc1)

Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, as amended. ___ Other. The Buyer is an entity all of the equity holders of which are qualified institutional buyers. _________________________ (1) Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is 1 a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Hasco 2006-Opt-4)

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Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, as amended. ___ Other. The Buyer is an entity all of the equity holders of which are qualified institutional buyers. _________________________ (1) ---------------------------------- 1 Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is 1 a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He4)

Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, as amended. ___ Other. The Buyer is an entity all of the equity holders of which are qualified institutional buyers. __________________________ (1) Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is 1 a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (RALI Series 2007-Qa4 Trust)

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