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;

Appears in 1 contract

Samples: Credit Agreement (First Trust Alternative Opportunities Fund)

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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 quarter of the Borrower ending on or after November 30March 31, 20202024;

Appears in 1 contract

Samples: Credit Agreement (First Trust Private Credit Fund)

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;

Appears in 1 contract

Samples: Credit Agreement (First Trust Alternative Opportunities Fund)

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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;

Appears in 1 contract

Samples: Credit Agreement (First Trust Hedged Strategies Fund)

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