Common use of Compliance Testing Clause in Contracts

Compliance Testing. DSC will monitor, test and prepare and maintain supporting schedules which evidence compliance with the definitional and distribution requirements under the Internal Revenue Code of 1986, as amended ("IRC"), including the following: A. The requirement to be registered at all times during the taxable year under the ▇▇▇▇ ▇▇▇ (▇▇▇ Section 851(a)). B. The annual ninety percent gross income test (IRC Section 851(b)(2)). C. The quarterly IRC industry diversification tests (IRC Sections 851(b)(4) and 817(h)). D. The 90% distribution requirements (IRC Section 852(a)).

Compliance Testing. DSC will monitor, test and prepare and maintain supporting schedules which evidence compliance with the definitional and distribution requirements under the Internal Revenue Code of 1986, as amended ("“IRC"”), including the following: A. The requirement to be registered at all times during the taxable year under the ▇▇▇▇ ▇▇▇ (▇▇▇ Section 851(a)). B. The annual ninety percent gross income test (IRC Section 851(b)(2)). C. The quarterly IRC industry diversification tests (IRC Sections 851(b)(4) and 817(h)). D. The 90% distribution requirements (IRC Section 852(a)).

Compliance Testing. DSC will monitor, test and prepare and maintain supporting schedules which evidence compliance with the definitional and distribution requirements under the Internal Revenue Code of 1986, as amended ("IRC"), including the following: A. The requirement to be registered at all times during the taxable year under the ▇▇▇▇ ▇▇▇ 1940 Act (▇▇▇ IRC Section 851(a)). B. The annual ninety percent ▇▇▇▇▇▇ ▇ercent gross income test (IRC Section 851(b)(2)). C. The quarterly IRC industry diversification tests (IRC Sections 851(b)(4) and 817(h)). D. The 90% distribution requirements (IRC Section 852(a)).

Compliance Testing. DSC will monitor, test and prepare and maintain supporting schedules which evidence compliance with the definitional and distribution requirements under the Internal Revenue Code of 1986, as amended ("IRC"), including the following: : A. The requirement to be registered at all times during the taxable year under the ▇▇▇▇ ▇▇▇ (▇▇▇ Section 851(a)). ; B. The annual ninety percent gross income test (IRC Section 851(b)(2)). ; C. The quarterly IRC industry diversification tests short/short (IRC Sections 851(b)(4thirty percent) and 817(h)). D. The 90% distribution requirements gross income test (IRC Section 852(a851(b)(3)).;