Available Asset Coverage Ratio. The Available Asset Coverage Ratio to be less than 1.00 to 1.0 on the last day of any calendar month.
Available Asset Coverage Ratio. The Available Asset Coverage Ratio on the last day of any calendar month shall not be less than 1.1 to 1.0; provided, however, that if the Initial Borrower receives a senior unsecured debt rating of “BBB-” (“Baa3” with respect to Mxxxx’x) from any two of Fitch, S&P or Mxxxx’x, the Available Asset Coverage Ratio shall be reduced to 1.0 to 1.0; provided, further, that the Initial Borrower shall not be required to satisfy the Available Asset Coverage Ratio with respect to any calendar month in which the Initial Borrower shall have a senior unsecured debt rating at the end of such month of “BBB” (“Baa2” with respect to Mxxxx’x) or higher from any two of Fitch, S&P or Mxxxx’x; provided, further, that if the Available Asset Coverage Ratio is not required to be calculated due to an upgrade in the Initial Borrower’s senior unsecured debt rating, then any subsequent Portfolio Investments contributed to the Bank Subsidiary shall not exceed $25,000,000 in the aggregate during each Fiscal Year in which such Available Asset Coverage Ratio is not required to be tested as of the end of such Fiscal Year. For the avoidance of doubt, if the Initial Borrower should at any time fail to maintain a senior unsecured debt rating of “BBB” (“Baa2” with respect to Mxxxx’x) or higher from any two of Fitch, S&P or Mxxxx’x, the Initial Borrower shall be required to meet the Available Asset Coverage Ratio.
Available Asset Coverage Ratio. The Available Asset Coverage Ratio on the last day of any calendar month shall not be less than 1.1 to 1.0; provided, however, that if the Borrower receives a senior unsecured debt rating of “BBB-” (“Baa3” with
