Limitation on Assets. No Borrower will acquire Assets other than in compliance with its Operative Documents. No Borrower will: (i) commit to sell, assign, transfer or otherwise dispose of, (ii) sell, assign, transfer or otherwise dispose of, or (iii) designate in writing that an Asset is no longer an Eligible Asset, unless, in each of the foregoing cases, the Principal Obligations do not exceed the Available Commitment after giving effect thereto (including application of the proceeds of any such sale, assignment, transfer or other disposition) or sufficient replacement Collateral that satisfies the definition of Eligible Asset is pledged to Administrative Agent as determined in the sole discretion of Administrative Agent exercised in its commercially reasonable judgment.
Limitation on Assets. No Borrower will, and such Xxxxxxxx’s General Partner shall not cause such Borrower to, acquire Assets other than in compliance with its Operative Documents. No Borrower will, and such Borrower’s General Partner shall not cause such Borrower to: (i) commit to sell, assign, transfer or otherwise dispose of, (ii) sell, assign, transfer or otherwise dispose of, or (iii) designate in writing that an Asset is no longer an Eligible Asset, unless, in each of the foregoing cases, the Principal Obligations do not exceed the Available Commitment after giving effect thereto (including application of the proceeds of any such sale, assignment, transfer or other disposition) or sufficient replacement Collateral that satisfies the definition of Eligible Asset is pledged to Administrative Agent as determined in the sole discretion of Administrative Agent exercised in its commercially reasonable judgment.
Limitation on Assets. No Borrower will acquire Assets other than in compliance with its Operative Documents. No Borrower will: (ia) commit to sell, assign, transfer or otherwise dispose of, (iib) sell, assign, transfer or otherwise dispose of, or (iiic) designate in writing that an Asset is no longer an Eligible Asset, unless, in each of the foregoing cases, (i) the Principal Obligations do not exceed the Available Commitment after giving effect thereto (including application of the proceeds of any such sale, assignment, transfer or other disposition) or sufficient replacement Collateral that satisfies the definition of Eligible Asset is pledged to Administrative Agent as determined in the sole discretion of Administrative Agent exercised in its commercially reasonable judgment., or (ii) such proposal is a Proposed Asset Transfer. With respect to any Proposed Asset Transfer, the Borrowers shall notify the Administrative Agent of any such proposal at least two (2) Business Days before such Proposed Asset Transfer and prior to effecting such Proposed Asset Transfer, (a) the Borrowers shall have delivered to the Administrative Agent an updated Borrowing Base Certificate and an Investment Report certified by a Responsible Officer of such Borrower to be true and correct in all material respects setting forth a calculation of the Available Commitment in reasonable detail after giving effect to such Proposed Asset Transfer, (b) the Borrowers shall elect the Minimum Uncalled Capital Coverage Level, and (c) if such Proposed Asset Transfer would trigger a mandatory prepayment under Section 3.4(b), including by causing the Principal Obligations to exceed the Available Commitment, the Borrowers shall first make any resulting prepayment required under Section 3.4(b).
Limitation on Assets. At Closing, the Partnership shall have no assets other than the Assets set forth in Section 3.01.
Limitation on Assets. A. Aggregate net book value of the property or assets disposed of in asset sales (other than asset sales pursuant to 7.02(a) and 7.02(b)): $
