Investment Company Act; Xxxxxxx Rule. Neither the Borrower nor the pool of Collateral is required to register as an “investment company” under the Investment Company Act. The Borrower is not a “covered fund” as defined in the Xxxxxxx Rule by virtue of the “loan securitization exemption” thereunder, and the obligations of the Borrower under this Agreement are not and will not be “ownership interests” in a “covered fund” under the Xxxxxxx Rule.
Appears in 3 contracts
Samples: Credit and Security Agreement (TCW Direct Lending VII LLC), Credit and Security Agreement (TCW Direct Lending VII LLC), Credit and Security Agreement (TCW Direct Lending VII LLC)
Investment Company Act; Xxxxxxx Rule. Neither None of the Borrower nor the pool of Collateral is required to register as an “investment company” under the Investment Company Act. The Borrower is Advances do not a “covered fund” as defined in the Xxxxxxx Rule by virtue of the “loan securitization exemption” thereunder, and the obligations of the Borrower under this Agreement are not and will not be constitute an “ownership interestsinterest” in a “covered fund” under for purposes of the Xxxxxxx Rule.
Appears in 2 contracts
Samples: Credit and Security Agreement (BlackRock Private Credit Fund), Credit and Security Agreement (BlackRock Private Credit Fund)
Investment Company Act; Xxxxxxx Rule. Neither the Borrower nor the pool of Collateral is required to register as an “investment company” under the Investment Company Act. The Borrower is Advances do not a “covered fund” as defined in the Xxxxxxx Rule by virtue of the “loan securitization exemption” thereunder, and the obligations of the Borrower under this Agreement are not and will not be constitute an “ownership interestsinterest” in a “covered fund” under for purposes of the Xxxxxxx Rule.
Appears in 2 contracts
Samples: Credit and Security Agreement (TCW Direct Lending VIII LLC), Credit and Security Agreement (TCW Direct Lending VIII LLC)
