Credit Event. (i) Pershing's Net Capital is materially reduced for any reason; (ii) BNY Mellon, or any other provider of committed or uncommitted funding facilities, terminates or materially modifies funding lines to Pershing; or (iii) an Act of Insolvency with respect to Pershing or BNY Mellon occurs.
Appears in 3 contracts
Samples: Credit Agreement for Margin Financing (RiverNorth Opportunistic Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Managed Duration Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Flexible Municipal Income Fund, Inc.)
Credit Event. (i) Pershing's ’s Net Capital is materially reduced for any reason; (ii) BNY Mellon, or any other provider of committed or uncommitted funding facilities, terminates or materially modifies funding lines to Pershing; or (iii) an Act of Insolvency with respect to Pershing or BNY Mellon occurs.
Appears in 2 contracts
Samples: Credit Agreement for Margin Financing (Rivernorth Opportunities Fund, Inc.), Credit Agreement (Rivernorth Opportunities Fund, Inc.)
