Common use of Disregarded Entity Clause in Contracts

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).

Appears in 28 contracts

Samples: Loan and Servicing Agreement (SLR Investment Corp.), Loan and Servicing Agreement (KKR Real Estate Finance Trust Inc.), Loan and Servicing Agreement (Carlyle Secured Lending III)

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Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).

Appears in 26 contracts

Samples: Loan and Servicing Agreement (FS KKR Capital Corp), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.)

Disregarded Entity. The Servicer shall cause the Borrower will to be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b), ) and shall cause that neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).

Appears in 17 contracts

Samples: Loan and Servicing Agreement (FS KKR Capital Corp), Loan and Servicing Agreement (FS KKR Capital Corp), Loan and Servicing Agreement (FS KKR Capital Corp)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b3(b)(ii), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).

Appears in 7 contracts

Samples: Loan and Servicing Agreement (Diameter Credit Co), Loan and Servicing Agreement (Oaktree Strategic Credit Fund), Loan and Servicing Agreement (Franklin BSP Capital Corp)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Regulations Section 301.7701-3(b3(b)(ii), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, be treated as other than an entity disregarded from its owner under Treasury Regulation Regulations Section 301.7701-3(c).

Appears in 3 contracts

Samples: Loan and Servicing Agreement (First Eagle Private Credit Fund), Loan and Security Agreement (Stepstone Private Credit Fund LLC), Loan and Servicing Agreement (AGTB Private BDC)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, being treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).

Appears in 3 contracts

Samples: Loan and Servicing Agreement (Solar Capital Ltd.), Loan and Servicing Agreement (Solar Senior Capital Ltd.), Loan and Servicing Agreement (Solar Capital Ltd.)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b), and neither the Borrower nor any other Person on its behalf shall make an election to beelection, or take any other action that is reasonably likely would cause the Borrower, to result in the Borrower being, be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).

Appears in 2 contracts

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in may cause the Borrower being, to be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c)owner.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)

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Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b)for U.S. federal income tax purposes, and neither none of the Borrower Borrower, the Equityholder, nor any other Person on its their behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, be treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c).

Appears in 2 contracts

Samples: Loan and Servicing Agreement (FS KKR Capital Corp), Loan and Servicing Agreement (FS Investment Corp II)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b301.7701‐3(b), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c301.7701‐3(c).

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Regulations Section 301.7701-3(b301.7701‑3(b)(ii), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, be treated as other than an entity disregarded from its owner under Treasury Regulation Regulations Section 301.7701-3(c301.7701‑3(c).

Appears in 1 contract

Samples: Loan and Servicing Agreement (AGTB Private BDC)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b301.7701‑3(b), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c301.7701‑3(c).

Appears in 1 contract

Samples: Loan and Servicing Agreement (KKR Real Estate Finance Trust Inc.)

Disregarded Entity. The Borrower will be disregarded as an entity separate from its owner pursuant to Treasury Regulation Section 301.7701-3(b301.7701‐3(b), and neither the Borrower nor any other Person on its behalf shall make an election to be, or take any other action that is reasonably likely to result in the Borrower being, treated as other than an entity disregarded from its owner under Treasury Regulation Section 301.7701-3(c301.7701‐3(c).. (x)

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Secured Lending III)

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