RIC Requirements. During the period starting when the Company intends to qualify as a RIC for U.S. federal income tax purposes and ending when a Partnership Election is made, the Board shall seek to cause the Company to meet any requirements necessary to obtain and maintain RIC qualification, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
RIC Requirements. From and after the date when the Fund qualifies as a RIC for U.S. federal income tax purposes, the Board shall seek to cause the Fund to meet any requirements under the Code necessary to obtain and maintain RIC qualification for U.S. federal income tax purposes, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
RIC Requirements. As soon as practicable after the Initial Closing, the Company shall seek to be treated as a RIC for U.S. federal income tax purposes and seek to cause the Company to meet any requirements in connection with such election necessary to obtain and maintain RIC qualification, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.” Notwithstanding the foregoing, the Company shall seek to continue to be treated as a RIC, and shall not otherwise seek to terminate such status, without the prior written consent of Platinum.
RIC Requirements. At the Initial Closing Date, the Board shall cause the Company to elect to be treated as a RIC for U.S. federal income tax purposes and, for so long as the Board so desires, seek to cause the Company to meet any requirements in connection with such election necessary to obtain and maintain RIC qualification, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
RIC Requirements. From and after the Initial Drawdown Date, the Board shall seek to cause the Company to meet any requirements under the Code necessary to obtain and maintain RIC qualification for U.S. federal income tax purposes, including source-of-income and asset diversification requirements and distributing annually an amount equal to at least 90% of its “investment company taxable income.”
