Common use of Concentration Clause in Contracts

Concentration. (a) Assure that the investments of such Borrower are made and maintained in Portfolio Funds having at least ten different Portfolio Funds Managers. (b) Not permit any single investor in the Borrower to hold an investment that is greater than an amount equal to 20% of such Borrower’s Net Asset Value. (c) Assure that no more than 15% of such Borrower’s Net Asset Value as of the last day of any fiscal quarter is invested in any one Portfolio Fund where such an investment represents greater than 25% of such Portfolio Fund’s net asset value.

Appears in 4 contracts

Samples: Revolving Credit Agreement (BlackRock Multi-Strategy Hedge Advantage), Revolving Credit Agreement (BlackRock Multi-Strategy Hedge Opportunities LLC), Revolving Credit Agreement (BlackRock Multi-Strategy Hedge Opportunities LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!