Common use of Internal Revenue Code Clause in Contracts

Internal Revenue Code. The Borrower is qualified, and intends to continue to qualify, as a "regulated investment company" within the meaning of the Code.

Appears in 6 contracts

Sources: Revolving Credit and Security Agreement (Invesco Prime Income Trust), Revolving Credit and Security Agreement (Van Kampen Senior Income Trust), Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund)

Internal Revenue Code. The Borrower is qualified, and intends to continue to qualify, as a "regulated investment company" within the meaning of the Code, and as such its income is not and will not be subject to tax at the trust level under the Code.

Appears in 3 contracts

Sources: Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund), Revolving Credit and Security Agreement (Highland Distressed Opportunities, Inc.), Revolving Credit and Security Agreement (Highland Credit Strategies Fund)

Internal Revenue Code. The Borrower is qualified, and intends to continue to qualify, as a "regulated investment company" within the meaning of the Code.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Invesco Dynamic Credit Opportunities Fund)

Internal Revenue Code. The Borrower is qualified, and intends to continue to qualify, as a "regulated investment company" within the meaning of the Code., and as

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Morgan Stanley Prime Income Trust)