Common use of Status of RIC and BDC Clause in Contracts

Status of RIC and BDC. The Borrower shall at all times, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and as a “business development company” under the Investment Company Act.

Appears in 47 contracts

Samples: Senior Secured Credit Agreement (Lord Abbett Private Credit Fund), Credit Agreement (Blue Owl Credit Income Corp.), Senior Secured Credit Agreement (Blue Owl Technology Income Corp.)

AutoNDA by SimpleDocs

Status of RIC and BDC. The As of the Effective Date the Borrower is treated as a RIC under the Code, the Borrower shall at all timestimes thereafter, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and . The Borrower shall at all times maintain its status as a “business development company” under the Investment Company Act.

Appears in 8 contracts

Samples: Senior Secured Revolving Credit Agreement (Varagon Capital Corp), Revolving Credit Agreement (Morgan Stanley Direct Lending Fund), Senior Secured Revolving Credit Agreement and Guarantee and Security Agreement (Crescent Capital BDC, Inc.)

Status of RIC and BDC. The Borrower shall shall, at all times, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and . The Borrower shall at all times maintain its status as a “business development company” under the Investment Company Act.

Appears in 4 contracts

Samples: Joinder Agreement (AG Twin Brook Capital Income Fund), Credit Agreement (Prospect Floating Rate & Alternative Income Fund, Inc.), Secured Revolving Credit Agreement (AG Twin Brook Capital Income Fund)

Status of RIC and BDC. The As of the date the Borrower is treated as a RIC under the Code, the Borrower shall at all timestimes thereafter, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and . The Borrower shall at all times maintain its status as a “business development company” under the Investment Company Act.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Owl Rock Core Income Corp.), Secured Revolving Credit Agreement (Owl Rock Core Income Corp.), Senior Secured Revolving Credit Agreement (Owl Rock Core Income Corp.)

Status of RIC and BDC. The Borrower shall shall, at all times, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and . The Borrower shall at all times maintain its status as a “business development company” under the Investment Company Act. SECTION 5.11.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Status of RIC and BDC. The Borrower shall at all times, subject to applicable grace or cure periods set forth in the Code, maintain its status as a RIC under the Code, and as a “business development company” under the Investment Company Act.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (PGIM Private Credit Fund)

Status of RIC and BDC. The As of the Effective Date the Borrower is treated as a RIC under the Code, the Borrower shall at all timestimes thereafter, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and . The DOCVARIABLE #DNDocID \* MERGEFORMAT 765655780 Borrower shall at all times maintain its status as a “business development company” under the Investment Company Act.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Bain Capital Specialty Finance, Inc.)

Status of RIC and BDC. The Borrower shall shall, at all times, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and . The Borrower shall at all times maintain its status as a “business development company” under the Investment Company Act.. 119 Revolving Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Barings Private Credit Corp)

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