Status of RIC and BDC. The Borrower shall (a) take all actions necessary to qualify as a RIC and to thereafter maintain its qualification as a RIC, and (b) at all times maintain its status as a “business development company” under the Investment Company Act.
Appears in 4 contracts
Samples: Credit Agreement (Stellus Private Credit BDC), Senior Secured Revolving Credit Agreement (Stellus Capital Investment Corp), Assignment and Assumption (Stellus Capital Investment Corp)
Status of RIC and BDC. The Borrower shall (ai) take all actions necessary to qualify as a RIC (including making the election to be treated as a RIC for its taxable year ended December 31, 2012) and to thereafter maintain its qualification as a RIC, and (bii) at all times maintain its status as a “business development company” under the Investment Company Act.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Stellus Capital Investment Corp), Revolving Credit Agreement (Stellus Capital Investment Corp)
