BDC definition

BDC means a business development company under the Act.6

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BDC means a business development company under the Act. Section 2(a)(48) defines a BDC to be any closed-end investment company that operates for the purpose of making investments in securities described in Section 55(a)(1) through 55(a)(3) and makes available significant managerial assistance with respect to the issuers of such securities.

BDC means a “business development company” under the Investment Company Act.

Examples of BDC in a sentence

• Borrower (a) will make on the BDC Election Date its BDC Election and thereafter continues to maintain its BDC Election, (b) is regulated as a BDC under the 1940 Act, and (c) is in compliance in all material respects with the 1940 Act and the rules and regulations of the SEC applicable to it as a BDC, (d) is and intends to remain qualified as a RIC under Subchapter M of the IRC.

• Borrower shall at all times maintain its status as a BDC and, for every taxable year following the BDC Election Date, elect and qualify to be treated as a RIC.

• Each Loan Party will, and will cause each of its Subsidiaries to, comply with the requirements of all applicable laws, rules, regulations, and orders of any Governmental Authority, including the 1940 Act and any SEC rule or regulation applicable to Borrower as a BDC, other than (a) Federal Cannabis Laws and (b) laws, rules, regulations, and orders the non-compliance with which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

More Definitions of BDC

BDC means Business Development Corporation of South Carolina.

BDC means PennantPark Floating Rate Capital Ltd., a Maryland corporation.

BDC shall have the meaning as defined in Section 1(a)(2) of this agreement.

BDC has the meaning set forth in Section 2(a)(48) of the Investment Company Act.

BDC. New Mountain Finance Corporation, a Delaware corporation that has elected to be regulated as a business development company under the 1940 Act.

BDC means Bermuda Digital Communications Ltd., a Bermuda entity.

BDC shall have the meaning set forth in the Recitals.