Common use of Financial Covenants; Covenants Relating to Investments Clause in Contracts

Financial Covenants; Covenants Relating to Investments. (a) Permit the ratio of (i) the Borrower’s Debt to (ii) the Borrower’s Adjusted Eligible Asset Value to exceed [***] as of the last day of any fiscal month of the Borrower ending on or after November 30, 2020; (b) Permit the Borrower to have a Loss in excess of [***]% during any period of twelve consecutive calendar months, which calculation shall first be made on November 30, 2020 for the twelve-consecutive-calendar-month period then ending, and shall thereafter be made on the last day of each fiscal month for the twelve-consecutive-calendar-month period then ending; or (c) Permit the Net Asset Value of all Eligible Liquid Investments to be less than an amount equal to [***]% of the aggregate Revolving Commitment (as of the applicable date of determination) as of the last day of any fiscal month of the Borrower ending on or after November 30, 2020. (d) Permit the Net Asset Value of all Permitted Investments held in the Disbursement Account to be less than $[***]at any time.

Financial Covenants; Covenants Relating to Investments. (a) Permit the ratio of (i) the Borrower’s Debt to (ii) the Borrower’s Adjusted Eligible Asset Value to exceed [***[ ] as of the last day of any fiscal month of the Borrower ending on or after November 30July 31, 20202023; (b) Permit the Borrower to have a Loss in excess of [***[ ]% during any period of twelve consecutive calendar months, which calculation shall first be made on November 30July 31, 2020 2023 for the twelve-consecutive-calendar-month period then ending, and shall thereafter be made on the last day of each fiscal month for the twelve-consecutive-calendar-month period then ending; or (c) Permit the Net Asset Value of all Eligible Liquid Investments to be less than an amount equal to [***[ ]% of the aggregate Revolving Commitment (as of the applicable date of determination) as of the last day of any fiscal month of the Borrower ending on or after November 30July 31, 20202023. (d) Permit the Net Asset Value of all Permitted Investments held in the Disbursement Account to be less than $[***]at any time.

Financial Covenants; Covenants Relating to Investments. (a) Permit the ratio of (i) the Borrower’s Debt to (ii) the Borrower’s Adjusted Eligible Asset Value to exceed [***] 0.20 as of the last day of any fiscal month of the Borrower ending on or after November 30, 2020; (b) Permit the Borrower to have a Loss in excess of [***]10.0% during any period of twelve consecutive calendar months, which calculation shall first be made on November 30, 2020 for the twelve-consecutive-calendar-month period then ending, and shall thereafter be made on the last day of each fiscal month for the twelve-consecutive-calendar-month period then ending; or; (c) Permit the Net Asset Value of all Eligible Liquid Investments to be less than an amount equal to [***]150.0% of the aggregate Revolving Commitment (as of the applicable date of determination) as of the last day of any fiscal month of the Borrower ending on or after November 30, 2020.; or (d) Permit the Net Asset Value of all Permitted Investments held in the Disbursement Account to be less than $[***]] at any time.