Common use of Status as Business Development Company Clause in Contracts

Status as Business Development Company. The Borrower is a “closed end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC (and has qualified as a RIC for all taxable years ending on or after December 31, 2012).

Appears in 4 contracts

Samples: Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured (Sierra Income Corp), Revolving Credit Agreement (Sierra Income Corp)

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Status as Business Development Company. The Borrower is a “closed closed-end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act Act, and qualifies intends to elect to be treated as a RIC (and has qualified commencing with the Borrower’s taxable year ended 2022qualifies as a RIC for all taxable years ending on or after December 31, 2012)RIC.

Appears in 4 contracts

Samples: Senior Secured Credit Agreement (Blue Owl Technology Income Corp.), Senior Secured Credit Agreement (Blue Owl Technology Income Corp.), Senior Secured Credit Agreement (Blue Owl Technology Income Corp.)

Status as Business Development Company. The Borrower is a “closed end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC (and has qualified as a RIC for all taxable years ending on or after December 31, 2012)2008.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (FS Investment CORP), Senior Secured (FS Investment CORP)

Status as Business Development Company. The Borrower is a “closed closed-end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act Act, and qualifies intends to elect to be treated as a RIC (and has qualified as a RIC for all commencing with the Borrower’s taxable years ending on or after December 31, 2012)year ended 2022.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Owl Rock Technology Income Corp.)

Status as Business Development Company. The Borrower is a “closed closed-end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act Act, and qualifies intends to elect to be treated as a RIC (and has qualified as a RIC for all commencing with the Borrower’s taxable years ending on or after year ended December 31, 2012)2021.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Blackstone Private Credit Fund)

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Status as Business Development Company. The Borrower is a “closed end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC (and has qualified as a RIC for all taxable years ending on or after December 31, 2012)2011.

Appears in 1 contract

Samples: Credit Agreement (FS Investment Corp II)

Status as Business Development Company. The Borrower is a “closed closed-end fund” that 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 RIC (and has qualified as a RIC for all commencing with the Borrower’s taxable years ending on or after December 31, 2012)year ended 2023.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (KKR FS Income Trust)

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