Registered Investment Company. Borrower (a) is a Registered Investment Company under the Investment Company Act of 1940, as amended (the "1940 ACT"); (b) has no class of senior securities (as defined in Section 18(g) of the 0000 Xxx) outstanding; and (c) complies with the asset coverage requirements of Section 18 of the 1940 Act applicable to the Loans. The Loans requested and made under this Agreement do not violate any restrictions imposed on Borrower pursuant to the 1940 Act or any regulations promulgated thereunder.
Appears in 4 contracts
Samples: Master Loan and Security Agreement (American Strategic Income Portfolio Inc Ii), Master Loan and Security Agreement (American Select Portfolio Inc), Master Loan and Security Agreement (American Strategic Income Portfolio Inc)
