RIC Requirements Sample Clauses

RIC Requirements. From the beginning of the taxable period in which the Fund qualifies as a RIC for U.S. federal income tax purposes and annually thereafter, the Board shall seek to cause the Fund to meet any requirements under the Code necessary to obtain and maintain RIC qualification for U.S. federal income tax purposes, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”

RIC Requirements. As soon as practicable after the Initial Closing, the Company shall seek to be treated as a RIC for U.S. federal income tax purposes and seek to cause the Company to meet any requirements in connection with such election necessary to obtain and maintain RIC qualification, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.” Notwithstanding the foregoing, the Company shall seek to continue to be treated as a RIC, and shall not otherwise seek to terminate such status, without the prior written consent of Platinum.

RIC Requirements. From and after the date when the Company qualifies as a RIC for U.S. federal income tax purposes, the Board shall seek to cause the Company to meet any requirements under the Code necessary to obtain and maintain RIC tax treatment for U.S. federal income tax purposes, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.” For the avoidance of doubt, such distributions may be made in the form of deemed distributions, subject to the provisions of Section 4.2.

RIC Requirements. At the Initial Closing Date, the Board shall cause the Company to elect to be treated as a RIC for U.S. federal income tax purposes and, for so long as the Board so desires, seek to cause the Company to meet any requirements in connection with such election necessary to obtain and maintain RIC qualification, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”

RIC Requirements. From and after the Initial Drawdown Date, the Board shall seek to cause the Company to meet any requirements under the Code necessary to obtain and maintain RIC qualification for U.S. federal income tax purposes, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”