BDC Election definition
BDC Election has the meaning assigned to such term in Section 5.11.
BDC Election and the Fund has not filed with the SEC any notice of withdrawal of the BDC Election pursuant to Section 54(c) of the 1940 Act. The BDC Election is effective, and no order of suspension or revocation of such election has been issued or proceedings therefore initiated or, to our knowledge, threatened by the SEC.
BDC Election has the meaning specified in Section 3.1(b).
Examples of BDC Election 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.
More Definitions of BDC Election
BDC Election means the Borrower’s election to be regulated as a BDC under the 1940 Act (including by the filing and effectiveness of a Form N-54A or any successor filing) and the continuation of such election.
BDC Election means the election by an Investment Company, pursuant to Section 54 of the 1940 Act, to be classified as a BDC.
BDC Election has the meaning set forth in Section 4.23(c).
BDC Election has the meaning assigned to it in the definition of “Maturity Date”.
BDC Election shall have the meaning set forth in Section 4.6.1.