Common use of Business Development Company Status Clause in Contracts

Business Development Company Status. The Company will use its commercially reasonable efforts to maintain its status as a business development company; provided, however, the Company may cease to be, or withdraw its election as, a business development company, with the approval of the board of directors and a vote of stockholders as required by Section 58 of the 1940 Act or any successor provision.

Business Development Company Status. The Company will use its commercially reasonable best efforts to maintain its status as a “business development company” under the 1940 Act; provided, however, the Company may change the nature of its business so as to cease to be, or withdraw its election as, a business development company, with the approval of the board of directors and a vote of stockholders as required by Section 58 of the 1940 Act or any successor provision.

Business Development Company Status. The Company Company, during a period of two years from the effective date of the Company's election to be a business development company, will use its commercially reasonable best efforts to maintain its status as a business development company; provided, however, the Company may change the nature of its business so as to cease to be, or to withdraw its election as, a business development company, company with the approval of the board of directors and a vote of stockholders as required by Section 58 of the 1940 Investment Company Act or any successor provision.

Business Development Company Status. The Company Company, during a period of two years from the effective date of the Company's election to be a business development company, will use its commercially reasonable best efforts to maintain its status as a business development company; provided, however, the Company may change the nature of its business so as to cease to be, or to withdraw its election as, a business development company, with the approval of the board of directors and a vote of stockholders as required by Section 58 of the 1940 Act or any successor provision.

Business Development Company Status. The Company will use its commercially reasonable efforts to maintain its status as a business development companycompany under the Investment Company Act; provided, however, that the Company may change the nature of its business so as to cease to be, or withdraw its election to be treated as, a business development company, company with the approval of the board of directors and a vote of stockholders as required by Section 58 of the 1940 Investment Company Act or any successor provision.