RIC Requirements. During the period starting when the Company intends to qualify as a RIC for U.S. federal income tax purposes and ending when a Partnership Election is made, the Board shall seek to cause the Company to meet any requirements necessary to obtain and maintain RIC qualification, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
Appears in 8 contracts
Samples: Limited Liability Company Agreement (TCW Star Direct Lending LLC), Limited Liability Company Agreement (TCW Direct Lending VIII LLC), Limited Liability Company Agreement (TCW Direct Lending VIII LLC)
RIC Requirements. During From and after the period starting date when the Company intends to qualify qualifies as a RIC for U.S. federal income tax purposes and ending when a Partnership Election is madepurposes, the Board shall seek to cause the Company to meet any requirements necessary to obtain and maintain RIC qualification, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Oaktree Gardens OLP, LLC), Limited Liability Company Agreement (Goldman Sachs Private Middle Market Credit LLC), Limited Liability Company Agreement (Goldman Sachs Private Middle Market Credit II LLC)
RIC Requirements. During From and after the period starting date when the Company intends to qualify qualifies as a RIC for U.S. federal income tax purposes and ending when a Partnership Election is madepurposes, the Board shall seek to cause the Company to meet any requirements under the Code necessary to obtain and maintain RIC qualificationqualification for U.S. federal income tax purposes, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
Appears in 3 contracts
Samples: Limited Liability Company Agreement (LGAM Private Credit LLC), Limited Liability Company Agreement (North Haven Private Income Fund a LLC), Liability Company Agreement (North Haven Private Income Fund LLC)
RIC Requirements. During From and after the period starting when date of the Company intends effectiveness of the Company’s election to qualify be treated as a RIC for U.S. federal income tax purposes and ending when a Partnership Election is madepurposes, the Board shall seek to cause the Company to meet any and all requirements necessary to obtain and maintain RIC qualification, including but not limited to source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Phillip Street Middle Market Lending Fund LLC)
