Common use of Status as Business Development Company Clause in Contracts

Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

Appears in 38 contracts

Samples: Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.), Secured Revolving Credit Agreement (Sixth Street Lending Partners), Senior Secured Revolving Credit Agreement (North Haven Private Income Fund a LLC)

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Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICAct.

Appears in 11 contracts

Samples: Assignment and Assumption (Goldman Sachs BDC, Inc.), Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.), Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.)

Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies has taken, and will continue to take, all actions necessary to elect to be treated as a RICRIC beginning with its taxable year ended December 31, 2012.

Appears in 3 contracts

Samples: Senior Secured Revolving Credit Agreement (Stellus Capital Investment Corp), Assignment and Assumption (Stellus Capital Investment Corp), Secured Revolving Credit Agreement (Stellus Capital Investment Corp)

Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies intends to elect to be treated as a RICRIC commencing with the Borrower’s taxable year ended December 31, 2023.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Bain Capital Private Credit), Revolving Credit Agreement (Bain Capital Private Credit)

Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies has elected to be treated, and has qualified, as a RIC.. (b)

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.), Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)

Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies will take all actions necessary to elect to be treated as a RICRIC beginning with its taxable year ended December 31, 2012.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Stellus Capital Investment Corp), Revolving Credit Agreement (Stellus Capital Investment Corp)

Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies has elected to be treated, and has qualified, as a RIC.

Appears in 2 contracts

Samples: Credit Agreement (Prospect Floating Rate & Alternative Income Fund, Inc.), Assignment and Assumption (Barings Private Credit Corp)

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Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies has elected to be treated, and has qualified as a RIC.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (AG Twin Brook Capital Income Fund)

Status as Business Development Company. The Borrower has elected intends to elect to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies intends to elect to be treated as a RIC.

Appears in 1 contract

Samples: Credit Agreement (AB Private Lending Fund)

Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies has elected to be treated, and has qualified, as a RIC.. 107 Revolving Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Barings Private Credit Corp)

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