Common use of RIC Qualification Clause in Contracts

RIC Qualification. The Fund will operate in a manner so as to enable the Fund to qualify as a regulated investment company under the Internal Revenue Code of 1986, as amended (“RIC”), for each taxable year in which the Fund elects such RIC status; provided, however, that at the discretion of the Fund’s board of trustees, it may elect to not be so qualified.

Appears in 6 contracts

Samples: Dealer Manager Agreement (Stira Alcentra Global Credit Fund), Participating Dealer Agreement (Stira Alcentra Global Credit Fund), Participating Dealer Agreement (Steadfast Alcentra Global Credit Fund)

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