Disregarded Entity. The Seller shall cause the Purchaser to be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b) and shall cause that neither the Purchaser nor any other Person on its behalf shall make an election to be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).
Appears in 7 contracts
Samples: Purchase and Contribution Agreement (Capitala Finance Corp.), Purchase and Sale Agreement (Pennantpark Investment Corp), Purchase and Sale Agreement (Golub Capital Investment Corp)
Disregarded Entity. The Seller shall not, nor shall it permit the Purchaser to, take any action that would cause the Purchaser to not be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-301.7701 3(b) and shall cause that neither not permit either the Purchaser nor or any other Person on its behalf shall to make an election to be treated as other than an entity disregarded as an entity separate from its owner under Treasury Regulation Section 301.7701-301.7701 3(c).
Appears in 4 contracts
Samples: Purchase and Sale Agreement (FS Investment Corp III), Purchase and Sale Agreement (FS Energy & Power Fund), Purchase and Sale Agreement (FS Investment Corp II)
Disregarded Entity. The Seller shall cause the Purchaser to be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b) and shall cause that neither the Purchaser nor any other Person on its behalf shall make an election to be be, or take any other action that is reasonably likely to result in the Borrower being, treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Business Development Corp of America), Purchase and Sale Agreement (Solar Capital Ltd.)
Disregarded Entity. The Seller shall cause the Purchaser to be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b) and shall cause ensure that neither the Purchaser nor any other Person on its behalf shall make an election to be be, or take any other action that may cause the Purchaser to be, treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c)owner.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Business Development Corp of America)
Disregarded Entity. The Seller shall cause the Purchaser Buyer to be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b) and shall cause that neither the Purchaser Buyer nor any other Person on its behalf shall make an election to be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).
Appears in 1 contract
Samples: Purchase and Contribution Agreement (Main Street Capital CORP)
