Consolidated Asset Coverage Ratio. The Borrower will not permit the Consolidated Asset Coverage Ratio to be less than 200% at any time; provided that the minimum Consolidated Asset Coverage Ratio shall be reduced to 150% by written notice to the Administrative Agent from and after the date on which such ratio is permitted to be so reduced by the Borrower pursuant to applicable law.
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Secured Revolving Credit Agreement (Capital Southwest Corp)
Consolidated Asset Coverage Ratio. The Borrower will not permit the Consolidated Asset Coverage Ratio to be less than 200150% at any time; provided that the minimum Consolidated Asset Coverage Ratio shall be reduced to 150% by written notice to the Administrative Agent from and after the date on which such ratio is permitted to be so reduced by the Borrower pursuant to applicable law.
Appears in 2 contracts
Samples: Credit Agreement (AB Private Lending Fund), Credit Agreement (Prospect Floating Rate & Alternative Income Fund, Inc.)
Consolidated Asset Coverage Ratio. The Borrower will not permit the Consolidated Asset Coverage Ratio of the Borrower to be less than 200150% at any time; provided that the minimum Consolidated Asset Coverage Ratio shall be reduced to 150% by written notice to the Administrative Agent from and after the date on which such ratio is permitted to be so reduced by the Borrower pursuant to applicable law. SECTION 6.08.
Appears in 2 contracts
Samples: Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.), Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)
Consolidated Asset Coverage Ratio. The Borrower will not permit the Consolidated Asset Coverage Ratio of the Borrower to be less than 200150% at any time; provided that the minimum Consolidated Asset Coverage Ratio shall be reduced to 150% by written notice to the Administrative Agent from and after the date on which such ratio is permitted to be so reduced by the Borrower pursuant to applicable law.
Appears in 2 contracts
Samples: Credit Agreement (Barings Private Credit Corp), Assignment and Assumption (Barings Private Credit Corp)
Consolidated Asset Coverage Ratio. The Borrower will not permit the Consolidated Asset Coverage Ratio to be less than 200% at any time; provided that the minimum Consolidated Asset Coverage Ratio shall be reduced to 150% by written notice to the Administrative Agent from and after the date on which such ratio is permitted to be so reduced by the Borrower pursuant to applicable law.. (c)
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Capital Southwest Corp)
