Common use of 1940 Act Clause in Contracts

1940 Act. The Borrower becomes, or becomes controlled Controlled by, an entity required to register as an “investment company” under the 1940 Act.

Appears in 3 contracts

Sources: Credit Agreement (UWM Holdings Corp), Credit Agreement (loanDepot, Inc.), Credit Agreement (loanDepot, Inc.)

1940 Act. The Borrower becomes, or becomes controlled Controlled by, an entity required to register as an “investment company” under the 1940 Act.. 57

Appears in 1 contract

Sources: Credit Agreement (UWM Holdings Corp)

1940 Act. The Borrower becomes, or becomes controlled by, (i) an entity required to register as an “investment company” under the 1940 Act; or (ii) Controlled by an entity required to register as an “investment company” under the 1940 Act which such required registration could reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Caliber Home Loans, Inc.)