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 as defined in Section 2(a)(48) of the Investment Company Act.

Examples of BDC in a sentence

The BDC may, but shall have no obligation to, at any time or from time to time contribute additional equity to the Borrower for any purpose, including for the purpose of curing any Default, satisfying any Coverage Test, enabling the acquisition or sale of any Loan or satisfying any conditions under Section 3.02.
Additionally, each Monthly Report that is delivered on the first Monthly Reporting Date to occur after the delivery of the quarterly valuation statements for the BDC pursuant to Section 5.01(d)(iiii) and Section 5.01(d)(ii) shall include a statement reporting the assets (including cash) under management by the Collateral Managerfor Monroe Capital Intermediate Holdings, LLC.
The Borrower has given fair consideration and reasonably equivalent value to the BDC in exchange for the purchase of the Collateral Loans (or any number of them) from the BDC pursuant to the Purchase and Contribution Agreement.
If none of the Borrower, the BDC, the Collateral Manager or any of their respective Affiliates or assignees elects to exercise its right of first refusal, the Administrative Agent may sell such Collateral or portion thereof.
If the Administrative Agent elects to sell the Collateral in whole or in part, at a public or private sale, the Borrower, the BDC, the Collateral Manager (so long as it is an Affiliate of the BDC) or any of their respective Affiliates or assignees shall have the right of first refusal to repurchase the Collateral, in whole but not in part, prior to such sale at a purchase price that is equal to the amount of the Obligations as of the date of such proposed sale.

More Definitions of BDC

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

BDC means Business Development Corporation of South Carolina.

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 shall have the meaning set forth in the Recitals.

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