Investment Policies and Restrictions. (a) The Borrower, without prior written notice to the Agent of at least 30 days, shall not rescind, amend or modify any investment policy described as "fundamental" in any prospectus or any registration statement(s) that may be on file with the Securities and Exchange Commission with respect thereto (collectively herein, a "proposed change"). If, in the reasonable judgment of the Majority Banks, such proposed change will result in a change in the Banks' analysis of the creditworthiness of the Borrower, the Agent shall notify the Borrower of such decision; thereafter, if such proposed change is implemented, the Banks may terminate their Commitments to lend to the Borrower, and all Loans outstanding to the Borrower shall become immediately due and payable. (b) The Borrower's investment in any assets shall be made in accordance with its investment policies and restrictions set forth in its most recent prospectus and statement of additional information other than any investment which shall constitute a de minimis violation of such policies arising in the ordinary course of business which the Borrower is in the process of correcting.
Appears in 9 contracts
Samples: Credit Agreement (Van Kampen Prime Rate Income Trust), Credit Agreement (Van Kampen Senior Floating Rate Fund), Credit Agreement (Van Kampen Prime Rate Income Trust)
Investment Policies and Restrictions. (a) The Borrower, without prior written notice to the Agent of at least 30 days, shall not rescind, amend or modify any investment policy described as "fundamental" in any prospectus or any registration statement(s) that may be on file with the Securities and Exchange Commission with respect thereto (collectively herein, a "proposed change"). If, in the reasonable judgment of the Majority Banks, such proposed change will result in a change in the Banks' analysis of the creditworthiness of the Borrower, the Agent shall notify the Borrower of such decision; thereafter, if such proposed change is implemented, the Banks may terminate their Commitments to lend to the Borrower, and all Loans outstanding to the Borrower shall become immediately due and payable.
(b) The Borrower's investment in any assets shall be made in accordance with its investment policies and restrictions set forth in its most recent prospectus and statement of additional information other than any investment which shall constitute a de minimis violation of such policies arising in the ordinary course of business which the Borrower is in the process of correcting.de
Appears in 6 contracts
Samples: Credit Agreement (Van Kampen Senior Floating Rate Fund), Credit Agreement (Van Kampen Prime Rate Income Trust), Credit Agreement (Van Kampen Prime Rate Income Trust)
