Common use of Industry Classification Groups Clause in Contracts

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, shall assign each Portfolio Investment included in the Borrowing Base to an Industry Classification Group. To the extent that the Borrower reasonably determines that any Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Portfolio Investments in an Industry Classification Group, such Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment. In the absence of adequate correlation, the Borrower shall be permitted, upon notice to the Administrative Agent for distribution to each Lender, to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, Borrower shall assign each Eligible Portfolio Investment included in the Borrowing Base to an Industry Classification GroupGroup as reasonably determined by the Borrower. To the extent that the Borrower reasonably determines that any Eligible Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Eligible Portfolio Investments in an Industry Classification Group, such Eligible Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Eligible Portfolio Investment. In the absence of adequate any such correlation, the Borrower shall be permitted, upon notice to the Administrative Agent for distribution to each Lender, to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, Borrower shall assign each Eligible Portfolio Investment included in the Borrowing Base to an Industry Classification GroupGroup as reasonably determined by the Borrower. To the extent that the Borrower reasonably determines that any Eligible Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Eligible Portfolio Investments in an Industry Classification Group, such Eligible Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Eligible Portfolio Investment. In the absence of adequate correlation, the Borrower shall be permittedpermitted to, upon notice to the Administrative Agent for distribution to each Lender, to create up to three (3) additional industry classification groups for purposes of this Agreement; provided that no more than three different additional industry classification groups may be created pursuant to this paragraph (a).

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, shall assign each Portfolio Investment included in the Borrowing Base to an Industry Classification Group. To the extent that the Borrower reasonably determines that any Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Portfolio Investments in an Industry Classification Group, such Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment. In the absence of any adequate correlation, the Borrower shall be permitted, upon prior notice to the Administrative Agent (for distribution to each Lender), to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, shall assign each Portfolio Investment included (other than the Equity Interests in the Borrowing Base an Excluded Asset) to an Industry Classification Group. To the extent that the Borrower reasonably determines that any such Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Portfolio Investments in an Industry Classification GroupGroup established by Xxxxx’x, such Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment. In the absence of adequate any correlation, the Borrower shall be permitted, upon notice to the Administrative Agent for distribution to each Lender, Lender to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, Borrower shall assign each Eligible Portfolio Investment included in the Borrowing Base Collateral Pool to an Industry Classification Group. To the extent that the Borrower reasonably determines that any Eligible Portfolio Investment included in the Borrowing Base Collateral Pool is not adequately correlated with the risks of other Portfolio Investments in an Industry Classification Group, such Eligible Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more most closely correlated to such Eligible Portfolio Investment. In the absence of any adequate correlation, the Borrower shall be permitted, upon prior notice to the Administrative Agent (for distribution to each Lender), to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, shall assign each Portfolio Investment included (other than the Equity Interests in the Borrowing Base any Non-Guarantor Subsidiary) to an Industry Classification Group. To the extent that the Borrower reasonably determines that any such Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Portfolio 63 Investments in an Industry Classification GroupGroup established by Xxxxx’x, such Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment. In the absence of adequate any correlation, the Borrower shall be permitted, upon notice to the Administrative Agent for distribution to each Lender, Lender to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, shall assign each Portfolio Investment included (other than the Equity Interests in the Borrowing Base any Non-Guarantor Subsidiary) to an Industry Classification Group. To the extent that the Borrower reasonably determines that any such Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Portfolio Investments in an Industry Classification GroupGroup established by Xxxxx’x, such Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment. In the absence of adequate any correlation, the Borrower shall be permitted, upon notice to the Administrative Agent for distribution to each Lender, Lender to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower, in its reasonable determination, Borrower shall assign each Eligible Portfolio Investment included in the Borrowing Base to an Industry Classification GroupGroup as reasonably determined by the Borrower. To the extent that the Borrower reasonably determines that any Eligible Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Eligible Portfolio Investments in an Industry Classification Group, such Eligible Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Eligible Portfolio Investment. In the absence of adequate any correlation, the Borrower shall be permitted, upon notice to the Administrative Agent for distribution to each Lender, to create up to three (3) additional industry classification groups for purposes of this Agreement, and, with the prior approval of the Administrative Agent (which approval shall not be unreasonably withheld or delayed), the Borrower may assign an Eligible Portfolio Investment to such an industry classification group.