RIC means a Trust which has elected to be taxed as a "regulated investment company" under the United States Internal Revenue Code of 1986, as amended.
Examples of RIC in a sentence
The Borrower qualifies as an RIC and is an “investment company” that has elected to be regulated as a “business development company” as defined in Section 2(a)(48) of the Investment Company Act and is subject to regulation as such under the Investment Company Act including Section 18, as modified by Section 61, of the Investment Company Act.
The Borrower will maintain its status as an RIC under the Code and as a “business development company” under the Investment Company Act.
Maintenance of RIC Status and Business Development Company 104 SECTION 5.04.
More Definitions of RIC
RIC means any investment company registered under the Act.
RIC or “regulated investment company” shall mean an investment company or business development company that qualifies for the special tax treatment provided for by subchapter M of the Code.
RIC means a person qualifying for treatment as a “regulated investment company”, as defined in Section 851 of the Code.
RIC means a "regulated investment company" (as defined under Subchapter M of the Code).
RIC means a regulated investment company under Subchapter M of the Code.
RIC means a Person that qualifies as a “regulated investment company” within the meaning of Section 851(a) and Section 851(b) of the Code and that is taxable under Section 852(b) of the Code by reason of having satisfied the conditions contained in Section 852(a) of the Code.
RIC means the Reinvestment Contract, dated as of , 1998, between Western Financial Bank and the Indenture Trustee, as in effect on the date of this Policy and without regard to any amendment or modification of the RIC except amendments or modifications to which Financial Security has given its prior written consent.