Industry Concentration. Not permit more than twenty-five percent (25%) of annualized base rents of the Loan Parties and their Subsidiaries for any twelve (12) month period to be attributable to any one industry type.
Industry Concentration. The Borrower shall not, and shall not permit any other Loan Party or other Subsidiary to, permit the aggregate rents of all tenants of the Borrower, the other Loan Parties and all other Subsidiaries conducting business in any single “industry” (as determined by reference to the industrial classification set forth on the Industrial Classification Schedule applicable to each such tenant) to exceed 35% of the total rents of all tenants, determined in accordance with GAAP, at the end of any fiscal quarter of the Borrower.
Industry Concentration. Not permit more than 20% (or 40% in the case of retail drug stores and pharmacies) of annualized base rents of the Loan Parties and their Subsidiaries for any twelve (12) month period to be attributable to any one industry type.
Industry Concentration. (i) The Borrower shall not, and shall not permit any Loan Party or other Subsidiary to, permit the aggregate Annualized Base Rents of all tenants of the Borrower, such Loan Party and such Subsidiary conducting business in the "Child Day Care Services" industry (as determined by reference to the SIC Code) to exceed 30% of the Total Annualized Base Rents of all tenants of the Borrower, the Loan Parties and all other Subsidiaries (measured quarterly).
Industry Concentration. (Loans to a single industry segment may not exceed the following): Radio 35% Television 35% Publishing 35% Community Newspapers 40% Telecommunication 25% Business Information Services 25% Technology 20% Security Alarm Leasing Companies 20% Paging 15% Towers 20% Internet Service Provider 15% E-commerce 15% Other 15% Any sub-segment of Telecommunication 15% 3. Single Obligor Outstanding may not exceed $20MM $20,000,000 4. Six Largest Loan Outstandings (may not exceed the greater of: $90MM or $90MM or 40% 40%) 5. Average Obligor size (may not exceed $8MM) $ 8,000,000 6. Weighted Average Life (may not exceed 6.5 years) 6.50 7. Risk Rating (weighted average risk rating may not exceed 5.75) 5.75 8. Risk Rated 7 Limit (sum of all Loans with risk rating of 7 may not exceed 12.5% 12.5%) 9. Risk Rated 7 + material restructurings of Risk Rated 6 Limit (20%) 20.0% 10. Risk Rated 7 Industry Limit (sum of all Loans to single industry segment 10% with risk rating of 7 may not exceed 10%) 11. Risk Rated 8, 9, 10 Limit (0%) 0% -------------- --------------------------------------------------------------------------- SUBSTITUTION CALCULATION Covenant Actual --------------------------------------------------------------------------- Level Level In no event may the aggregate Principal Balance of Delinquent Loans and Charged-Off Loans purchased or substituted for pursuant to Section 2.10 of the Sales and Servicing Agreement exceed, in any one year, 15% of the Facility Amount 15% -------------- In no event may the aggregate Principal Balance of all other Commercial Loans purchased or substituted for pursuant to Section 2.10 of the Sales and Servicing Agreement exceed, in any one year, 15% of the Facility Amount. 15% -------------- Number and amounts of all Commercial Loans Purchased or Subsituted for (or $Amount otherwise removed from the Trust during Due Period) -------------- Loan Name $ - Loan Name $ - Loan Name $ - --------------- Total $ - ===============
Industry Concentration. Corporate bond holdings are limited to no more than 20% in any one industry.
Industry Concentration. Single S&P Industry Classification max of [***]% of the Portfolio In the event that the Leverage Measure is less than the Minimum Leverage Measure, each as defined in the Reinsurance Agreement, the Manager (and any Sub-Advisors) shall be prohibited from adding additional assets to the Portfolio that would cause any deterioration in any of the above metrics. The Manager may from time to time propose additional strategies by providing written notice to the Company setting forth sufficient detail and information as the Company shall reasonably request. Promptly following receipt of such notice, the Company shall discuss the proposed additional strategy with the Manager, and upon mutual consent (not to be unreasonably withheld), any such additional strategy shall be added as an Approved Asset Class (an “Additional Approved Asset Class”) by amending this Exhibit in accordance with the Agreement (including in accordance with Part II hereof). [***] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUEST. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
