RIC definition

RIC means a person qualifying for treatment as a “regulated investment company” under the Code.

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RIC means a Trust which has elected to be taxed as a "regulated investment company" under the United States Internal Revenue Code of 1986, as amended.

RIC means a regulated investment company within the meaning of Section 851(a) of the Code.

Examples of RIC in a sentence

The Borrower shall at all times, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and as a “business development company” under the Investment Company Act.
Securities sold or distributed to the Depositor to reimburse the Depositor pursuant to this Section shall be sold or distributed by the Trustee, to the extent practicable, in the Percentage Ratio then existing (unless the Trust is a RIC, in which case sales or distributions by the Trustee shall be made in accordance with the instructions of the Supervisor or its designees).
The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.
The Company will not qualify as a RIC for its initial taxable year ending August 31, 2026.
For the avoidance of doubt, the Initial Borrower may make Permitted RIC Distributions from sources other than Collateral.

More Definitions of RIC

RIC means any investment company registered under the Act.

RIC or “regulated investment company” shall mean an investment company or business development company that qualifies for the special tax treatment provided for by subchapter M of the Code.

RIC means a Person that qualifies as a “regulated investment company” within the meaning of Section 851(a) and Section 851(b) of the Code and that is taxable under Section 852(b) of the Code by reason of having satisfied the conditions contained in Section 852(a) of the Code.

RIC means a "regulated investment company" (as defined under Subchapter M of the Code).

RIC means a regulated investment company under Subchapter M of the Code.

RIC means the Reinvestment Contract, dated as of , 1998, between Western Financial Bank and the Indenture Trustee, as in effect on the date of this Policy and without regard to any amendment or modification of the RIC except amendments or modifications to which Financial Security has given its prior written consent.

RIC means the reinvestment contract provided by the Bank or, with the prior written consent of the Insurer, a subsidiary thereof, substantially in the form of Exhibit D hereto, in consideration of the right to direct the investment of the funds on deposit in all Trust Accounts other than the Holding Account.