RIC Requirements. From the beginning of the taxable period in which the Fund qualifies as a RIC for U.S. federal income tax purposes and annually thereafter, the Board shall seek to cause the Fund to meet any requirements under the Code necessary to obtain and maintain RIC qualification 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 2 contracts
Samples: Limited Liability Company Agreement (Fidelity Private Credit Co LLC), Limited Liability Company Agreement (Fidelity Private Credit Central Fund LLC)
RIC Requirements. From and after the beginning of the taxable period in which date when the Fund qualifies as a RIC for U.S. federal income tax purposes and annually thereafterpurposes, the Board shall seek to cause the Fund to meet any requirements under the Code necessary to obtain and maintain RIC qualification 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 2 contracts
Samples: Limited Liability Company Agreement (Stepstone Private Credit Fund LLC), Limited Liability Company Agreement (OHA Senior Private Lending Fund (U) LLC)
