Common use of Asset Coverage Requirements Clause in Contracts

Asset Coverage Requirements. On or before the seventh business day after the Closing Time the Fund will furnish to the Representatives a report showing compliance with the asset coverage requirements of the 1940 Act and the asset coverage and effective leverage ratio requirements of the Securities (as described in the Registration Statement) as of the Closing Time in form and substance satisfactory to the Representatives. Such report shall assume the receipt of the net proceeds from the sale of the Securities.

Asset Coverage Requirements. On or before the seventh business day after the Closing Time relevant Date of Delivery, the Fund will furnish to the Representatives a report showing compliance with the asset coverage requirements of the 1940 Act and the asset coverage and effective leverage ratio requirements of the Securities (as described in the Registration Statement) as of the Closing Time such Date of Delivery in form and substance satisfactory to the Representatives. Such report shall assume the receipt of the net proceeds from the sale of the Securities.

Asset Coverage Requirements. On or before the seventh business day after the Closing Time the Fund will furnish to the Representatives a report showing compliance with the asset coverage requirements of the 1940 Act and the asset coverage and effective leverage ratio requirements of the Securities Asset Coverage (as described such term is defined in the Registration StatementStatement of Preferences governing the Securities) and Rating Agency Asset Coverage (as such term is defined in the Statement of Preferences governing the Securities) as of the Closing Time in form and substance satisfactory to the Representatives. Such report shall assume the receipt of the net proceeds from the sale of the Securities.

Asset Coverage Requirements. On or before the seventh business day after the Closing Time Time, the Fund will furnish to the Representatives a report showing compliance with the asset coverage requirements of the 1940 Act and the asset coverage and effective leverage ratio requirements of the Securities Shares (as described in the Registration StatementProspectus) as of the Closing Time in the form and substance satisfactory to the Representatives. Such report shall assume the receipt of the net proceeds from the sale of the SecuritiesShares.

Asset Coverage Requirements. On or before the seventh business day after the Closing Time Time, the Fund will furnish to the Representatives Representative a report showing compliance with the asset coverage requirements of the 1940 Act and the asset coverage and effective leverage ratio requirements of the Securities Shares (as described in the Registration StatementProspectus) as of the Closing Time in the form and substance satisfactory to the RepresentativesRepresentative. Such report shall assume the receipt of the net proceeds from the sale of the SecuritiesShares.