SSBIC definition

SSBIC means Allied Capital Financial Corporation, a Maryland corporation.
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Examples of SSBIC in a sentence

  • Neither the Company nor any Subsidiary is a party to any agreement or arrangement which restricts or prohibits the payment of dividends or the repayment of inter-company loans by a Subsidiary to the Company, except for SBA approval of dividends paid by SBIC and SSBIC, which the Company has no reason to believe will not be granted by the SBA.

  • Repeal of rollover of publicly traded securities gain into specialized small business investment companies‌ In certain circumstances, section 1044 currently allows a taxpayer to defer capital gain income on the sale of publicly traded securities by “rolling over” the proceeds of such sale to purchase interests in a “specialized small business investment corporation” (SSBIC).

  • However, generally any gain deferred under section 1044 that is realized on the sale of the SSBIC shares is not eligible for the gross income exclusion under section 1202.

  • The sale of shares in an SSBIC may qualify for the gross income exclusion for certain sales of small business stock contained in section 1202 (the conference agreement proposes no change to section 1202).

  • As of the Agreement Date, SBLC, SBIC, SSBIC, REIT and QRS are the only Material Subsidiaries.

  • An SSBIC is a type of investment fund licensed by the U.S. Small Business Administration.

  • This Agreement shall be binding upon and inure to the benefit of the SSBIC and SBA and their respective successors and assigns, except that the SSBIC may not assign or transfer any of its respective rights or obligations under this Agreement without the prior written consent of SBA.

  • As of the Agreement Date, SBLC, SBIC, SSBIC, REIT, and Allied Capital CMT Inc.

  • SBA shall have received the Note, conforming to the requirements hereof and executed and delivered by the Corporate Official of the SSBIC.

  • The SSBIC has the power, authority and legal right to execute, deliver and perform the Repurchase Documents and the SSBIC has taken all necessary action to authorize the execution, delivery and performance of the Repurchase Documents.