BDC Clause Samples

The BDC (Business Development Company) clause defines the status and regulatory framework applicable to an entity classified as a BDC under the Investment Company Act of 1940. This clause typically outlines the requirements the entity must meet, such as investment restrictions, reporting obligations, and governance standards specific to BDCs. For example, it may specify that the company must invest primarily in small and mid-sized businesses and maintain certain asset coverage ratios. The core function of this clause is to ensure that the entity operates in compliance with federal regulations governing BDCs, thereby providing transparency and legal certainty for investors and counterparties.
BDC. The obligation of BDC to consummate the Merger is subject to the satisfaction and fulfillment of each of the following conditions on or prior to the Effective Time, unless waived in writing by BDC:
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BDC. Each bell assembly shall include separate wire leads for in/out wiring for each device conductors to signal circuit conductors shall NOT be accepted. Bells shall have a minimum sound pressure level output of 85dB at 10 feet. Bells shall be 10 inches diameter, finished in baked on red enamel paint and be UL listed for fire alarm use. Bells shall be suitable for surface or semi-flush mounting and be suitable for use within combination audi/visual units.
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BDC. Carlyle Credit Solutions, Inc., a Maryland corporation that (i) has elected to be treated as a “business development company” under the Investment Company Act and (ii) is intended to operate as a continuously offered, privately placed, unlisted business development company.
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BDC and Borrower’s Subsidiaries have an obligation to pay management fees to Borrower; which obligation, in BDC’s case, terminates in 2008. Credit Agreement/Atlantic Tele-Network, Inc. A. Organization and Powers Borrower Delaware, U.S. Virgin Islands – St. ▇▇▇▇▇▇, U.S. Virgin Islands – St. Croix None. Guyana Telephone & Telegraph Co., Ltd. Guyana None. Choice Communications, LLC U.S. Virgin Islands – St. ▇▇▇▇▇▇, U.S. Virgin Islands – St. Croix None. Bermuda Digital Communications, Ltd. Bermuda None. Atlantic Tele-Center, Inc. Guyana None. Call Home Telecom U.S. Virgin Islands – St. ▇▇▇▇▇▇ None. ATN (Haiti) S.A. Haiti None. Transnet, S.A. Haiti None. Commnet Wireless, LLC Delaware None. Commnet of Arizona, LLC Delaware None. Commnet Four Corners, LLC Delaware None. Commnet Illinois, LLC Delaware None. Commnet of Missouri, LLC Delaware None. Excomm, LLC Delaware None. Chama Wireless, LLC Delaware None. Commnet of Florida, LLC Florida None. ▇▇▇▇▇▇ County Wireless, LLC Colorado None. Commnet of California, LLC Delaware None. Commnet of Delaware, LLC Delaware None. Tennessee Cellular Telephone Company, LLC Texas None. MoCelCo, LLC Delaware None. Pacificom Holdings, LLC Delaware None. Credit Agreement/Atlantic Tele-Network, Inc.
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BDC. This term shall mean GSV Growth Credit Fund Inc., a Maryland corporation.
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Related to BDC

  • Investment Management If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

  • Sub-Investment Advisers The Adviser may employ one or more sub-investment advisers from time to time to perform such of the acts and services of the Adviser, including the selection of brokers or dealers to execute the Trust's portfolio security transactions, and upon such terms and conditions as may be agreed upon between the Adviser and such sub-investment adviser and approved by the Trustees of the Trust, all as permitted by the Investment Company Act of 1940.

  • Investment Managers Third party investment managers that manage and direct the investment activities of Investment Funds or are retained to manage and invest a designated portion of the assets of the Master Fund.

  • Investment Manager The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory, management and, if applicable, administrative services for the Trust or for any Portfolio with any Person; and any such contract may contain such other terms as the Trustees may determine, including without limitation, authority for the Investment Manager to determine from time to time without prior consultation with the Trustees what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested and to make changes in the Trust’s investments, and such other responsibilities as may specifically be delegated to such Person. The Trustees may authorize the Investment Manager to employ, from time to time, one or more sub-advisers to perform such of the acts and services of the Investment Manager, and upon such terms and conditions, as may be agreed among the Trustees, the Investment Manager and sub-adviser. Any reference in this Declaration of Trust to the Investment Manager shall be deemed to include such sub-advisers, unless the context otherwise requires.

  • Sponsor The Sponsor is authorized to prepare, or cause to be prepared, execute and deliver on behalf of the Trust, any such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Trust or the Owner Trustee to prepare, file or deliver pursuant to the Basic Documents. Upon written request, the Owner Trustee shall execute and deliver to the Sponsor a limited power of attorney appointing the Sponsor as the Trust’s agent and attorney-in-fact to prepare, or cause to be prepared, execute and deliver any such documents, reports, filings, instruments, certificates and opinions.