Common use of Status as Business Development Company Clause in Contracts

Status as Business Development Company. The Parent has elected to be regulated as a “business development company” within the meaning of the Investment Company Act. The Parent qualifies as a RIC and has qualified as a RIC at all times since its taxable year ended December 31, 2012.

Appears in 4 contracts

Samples: Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.), Omnibus Amendment to Loan Documents (BlackRock TCP Capital Corp.), Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.)

AutoNDA by SimpleDocs

Status as Business Development Company. The Each of the Parent and the Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act; provided that the Borrower may withdraw its election in accordance with Section 5.10. The Parent qualifies as a RIC and has qualified as a RIC at all times since its taxable year ended December 31, 2012.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (TCP Capital Corp.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!