Common use of Status as Business Development Company Clause in Contracts

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

Appears in 31 contracts

Samples: Revolving Credit Agreement (Pennantpark Investment Corp), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Ares Capital Corp)

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Status as Business Development Company. The Borrower is an a investment companyclosed-end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

Appears in 20 contracts

Samples: Assignment and Assumption (Corporate Capital Trust, Inc.), Senior Secured Credit Agreement (Owl Rock Technology Finance Corp.), Assignment and Assumption (Corporate Capital Trust, Inc.)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC (and has qualified as a RIC at all times since April 21, 2010).

Appears in 13 contracts

Samples: Senior Secured (THL Credit, Inc.), Senior Secured (First Eagle Alternative Capital BDC, Inc.), Secured Revolving Credit Agreement (THL Credit, Inc.)

Status as Business Development Company. The Borrower is an “investment company” a company that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

Appears in 12 contracts

Samples: Credit Agreement (BlackRock Capital Investment Corp), Secured Credit Agreement (Solar Capital Ltd.), Secured Revolving Credit Agreement (BlackRock Capital Investment Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC (and has qualified as a RIC at all times since June 13, 2012).

Appears in 9 contracts

Samples: Senior Secured Revolving Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Term Loan Credit Agreement (Medley Capital Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC and has qualified as a RIC at all times since the Borrower’s taxable year ended December 31, 2013.

Appears in 8 contracts

Samples: Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp), Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp), Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICAct.

Appears in 6 contracts

Samples: Credit Agreement (American Capital, LTD), Senior Secured Term Loan Credit Agreement (American Capital, LTD), Senior Secured (Apollo Investment Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC and has qualified as a RIC at all times since January 2, 2008.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Oaktree Specialty Lending Corp), Revolving Credit Agreement (Oaktree Specialty Lending Corp), Revolving Credit Agreement (Oaktree Specialty Lending Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC (and has qualified as a RIC at all times since January 2, 2008).

Appears in 6 contracts

Samples: Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp), Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp), Secured Revolving Credit Agreement (Fifth Street Finance Corp.)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC and has qualified as a RIC at all times since the Borrower’s taxable year ended December 31, 1988.

Appears in 5 contracts

Samples: Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies has elected to be treated as a RICRIC (and has qualified as a RIC in each taxable year since the taxable year ended December 31, 2011).

Appears in 4 contracts

Samples: Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured (FIDUS INVESTMENT Corp), Senior Secured (FIDUS INVESTMENT Corp)

Status as Business Development Company. The Borrower is an a investment companyclosed-end fund” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act Act, and qualifies as a RIC.

Appears in 4 contracts

Samples: Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies has elected to be treated as a RICRIC commencing with its taxable year ended December 31, 2013.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Capitala Finance Corp.), Senior Secured Revolving Credit Agreement (Capitala Finance Corp.), Secured Revolving Credit Agreement (Capitala Finance Corp.)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.. Revolving Credit Agreement

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Ares Capital Corp), Revolving Credit Agreement (Ares Capital Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies intends to elect to be treated as a RICRIC commencing with the Borrower’s taxable year ended December 31, 2022.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Oaktree Strategic Credit Fund), Senior Secured (Oaktree Strategic Credit Fund)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and and, subject to the election referred to in Section 5.10, qualifies as a RIC.

Appears in 1 contract

Samples: Senior Secured (Medley Capital Corp)

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Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC and has qualified as a RIC at all times since the Borrower’s taxable year ended December 31, 2019.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Monroe Capital Income Plus Corp)

Status as Business Development Company. The Borrower is an “investment company” a company that has elected to be regulated as a "business development company" within the meaning of the Investment Company Act and qualifies as a RIC.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (BlackRock Kelso Capital CORP)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RICRIC and has qualified as a RIC for all taxable years beginning with its taxable year ended December 31, 2014.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.. Senior Secured Credit Agreement

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Franklin BSP Lending Corp)

Status as Business Development Company. The Borrower is an a closed-end management investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (BlackRock Private Credit Fund)

Status as Business Development Company. The Borrower is an "investment company" that has elected to be regulated as a "business development company" within the meaning of the Investment Company Act and qualifies treated as a RICRIC under the Code.

Appears in 1 contract

Samples: Credit Agreement (Fifth Street Finance Corp)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act of 1940, as amended, and qualifies intends to elect to be treated as a RICRIC commencing with the Borrower’s taxable year ended December 31, 2021.

Appears in 1 contract

Samples: Escrow Agreement (SLR Hc BDC LLC)

Status as Business Development Company. The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and and, subject to the election referred to in Section 5.10, qualifies as a RICRIC (and has qualified as a RIC at all times since June 13, 2012).

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Medley Capital Corp)

Status as Business Development Company. The Borrower is an "investment company" that has elected to be regulated as a "business development company" within the meaning of the Investment Company Act and qualifies as a RIC.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Pennantpark Investment Corp)

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