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 intends to elect to be treated as a RIC commencing with the Borrower’s taxable year ended 2022qualifies as a 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.)

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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 intends to elect to be treated qualifies as a RIC commencing with the Borrower’s taxable year ended 2022qualifies (and has qualified as a RICRIC for all taxable years ending on or after December 31, 2012).

Appears in 4 contracts

Samples: Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Sierra 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 intends to elect to be treated has qualified as a RIC commencing with the Borrower’s for all taxable year ended 2022qualifies as a RICyears ending on or after December 31, 2008.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (FS Investment CORP), Senior Secured Revolving Credit Agreement (FS Investment 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 intends to elect to be treated as a RIC commencing with the Borrower’s taxable year ended 2022qualifies as a RICDecember 31, 2021.

Appears in 1 contract

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

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 intends to elect to be treated has qualified as a RIC commencing with the Borrower’s for all taxable year ended 2022qualifies as a RICyears ending on or after December 31, 2011.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (FS Investment Corp II)

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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 intends to elect to be treated as a RIC commencing with the Borrower’s taxable year ended 2022qualifies as a RIC2022.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Owl Rock 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, Act and intends to elect to be treated as a RIC commencing with the Borrower’s taxable year ended 2022qualifies as a RIC2023.

Appears in 1 contract

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

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