Examples of BDC in a sentence
Description Cost Notes LEED Design Submission Fee $20,030 See attached LEED Online Payment Invoice LEED Construction Submission Fee $6,677 See attached LEED Online Payment Invoice Total Cost $26,706 Sincerely, Vital Albuquerque AIA, LEED BD+C 350 M a i n S t r eet M a l den, M A 02148 P hone: 781 - 396 - 9007 F ax : 781 - 396 - 9008 www.
As an investment company regulated under the Investment Company Act of 1940 (the “1940 Act”), a BDC is subject to substantive regulation akin to a mutual fund, but with some more flexibility in certain areas, such as with leverage and performance fees, and generally will have an investment adviser that is required to be registered as an investment adviser with the Securities and Exchange Commission (the “SEC”).
Business Development Corporation (BDC): BDCs primarily invest in debt investments of non-public companies (however, they have the flexibility to invest up and down the capital structure).
The Company will not replace the administrator, placement agent, custodian or transfer agent without the approval of a majority-in-interest of the Members, unless such replacement occurs across the BDCs managed or advised alongside the Company by the Investment Adviser or its Affiliates on terms that are consistent across such BDC platform.
Notwithstanding anything to the contrary in this Agreement, for so long as the Company operates as a BDC, the total amount of indebtedness outstanding at any time shall not cause the Company to violate leverage requirements applicable to a BDC, including but not limited to Sections 18 and 61 of the Investment Company Act; provided that the Company will target a total amount of indebtedness between 100% and 125% of the Company’s net asset value.