Status of BDC Sample Clauses

Status of BDC. It is (and shall have all times maintained its status as) a “business development company” under the Investment Company Act.
Sample 1Sample 2Sample 3See All (9)
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Status of BDC. GCDLC shall at all times maintain its status as a “business development company” under the Investment Company Act.
Sample 1Sample 2Sample 3See All (6)
Status of BDC. GBDC 4 shall at all times maintain its status as a “business development company” under the Investment Company Act.
Sample 1Sample 2Sample 3See All (5)
Status of BDC. The Seller is (and shall have at all times maintained its status as) a “business development company” under the Investment Company Act.
Sample 1Sample 2
Status of BDC. If the Equity Holder shall at any time fail to maintain its status as a “business development company” under the Investment Company Act, then, so long as such failure has occurred and is continuing, the Equity Holder shall comply with the asset coverage ratio applicable under the Investment Company Act applicable to “business development companies” to the same extent as if it were a “business development company” thereunder.
Sample 1
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Status of BDC. The Borrower shall take all steps necessary to obtain its status as a “business development company” under the Investment Company Act prior to the Borrower’s initial public offering.
Sample 1

Related to Status of BDC

  • Status of Banks (i) Any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bank, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Bank is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 10.13(f)(ii)(A),(B) and (D) below) shall not be required if in the applicable Bank's reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Bank.

  • Status of Agreement 1.2.1 This Agreement shall supersede any rules, regulation, policies, resolutions, or practices of the District which shall be contrary to or inconsistent with its terms.

  • Status of Parties The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction.

  • Status of RIC and BDC The Borrower shall at all times maintain its status as a RIC under the Code, and as a “business development company” under the Investment Company Act.

  • Status of Stock The Employee agrees that the Restricted Shares issued under this Agreement will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws. The Employee also agrees that (i) the certificates representing the Restricted Shares may bear such legend or legends as the Committee deems appropriate in order to reflect the Forfeiture Restrictions and to assure compliance with applicable securities laws, (ii) the Company may refuse to register the transfer of the Restricted Shares on the stock transfer records of the Company if such proposed transfer would constitute a violation of the Forfeiture Restrictions or, in the opinion of counsel satisfactory to the Company, of any applicable securities law, and (iii) the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Shares.

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