SBIC definition

SBIC means a small business investment company licensed under the SBIC Act.

SBIC shall have the meaning assigned to such term in Section 7.16.

SBIC means a small business investment company licensed under the Small Business Investment Act of 1958, as amended.

Examples of SBIC in a sentence

• The Borrower will not, nor will it permit any of its Subsidiaries to, cause or permit the occurrence of any event or condition that would result in any recourse to any Obligor under any Permitted SBIC Guarantee.

• Neither Borrower nor any of its affiliates (if any) will engage in any activities or use directly or indirectly the proceeds from the Loan for any purpose for which a small business investment company is prohibited from providing funds by the SBIC Act, including 13 C.F.R. §107.720.

• Portions of the loan to Borrower will be made under the SBA license and the SBIC Act.

• Without obtaining the prior written approval of Agent, Borrower will not change within 1 year of the date hereof, Borrower’s current business activity to a business activity which a licensee under the SBIC Act is prohibited from providing funds by the SBIC Act.

• In addition, each SBIC Subsidiary will be audited on an annual basis by a third-party accounting firm.

More Definitions of SBIC

SBIC shall have the meaning as defined in Section 1(a)(48) of this Agreement.

SBIC shall have the meaning ascribed to such term in Section 5.1.

SBIC means Agent or certain of its Affiliates that is a Federal licensee under the Act.

SBIC means small business investment company within the

SBIC means Allied Investment Corporation, a Maryland corporation.

SBIC has the meaning given to it in Section 7.15.

SBIC has the meaning set forth in the first recital hereof.