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 Small Business Investment Company.

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.

• The Credit Parties, together with their “affiliates” (as that term is defined in Title 13, Code of Federal Regulations, § 121.103), do not presently engage in, and do not intend to engage in, any activities, nor does any Credit Party intend to use, directly or indirectly, the proceeds of any Advance for any purpose violative of the SBIC Regulatory Side Letter (if any).

• So long as any Lender is an SBIC Lender, the Credit Parties shall, and shall cause their Subsidiaries to, within ten (10) days of receipt of request from any SBIC Lender, deliver to such SBIC Lender any information requested by the SBA.

• If applicable, each Credit Party hereby acknowledges that the SBIC Lender is an SBIC and is subject to the SBIC Act and the regulations promulgated thereunder by the SBA relating to the small business investment company program.

More Definitions of SBIC

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

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.