Limitations on Sales and Substitutions. The Outstanding Balance of all Loan Assets (other than Warranty Loan Assets) sold pursuant to Section 2.07(b), substituted pursuant to Section 2.07(a) or released pursuant to a Lien Release Dividend during the 12-month period immediately preceding the proposed date of sale or substitution (or such lesser number of months as shall have elapsed as of such date) does not exceed 10% of the highest aggregate Outstanding Balance of any month during such 12-month period (or such lesser number of months as shall have elapsed as of such date).
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Fifth Street Finance Corp), Loan and Servicing Agreement (Fifth Street Finance Corp)
Limitations on Sales and Substitutions. The Outstanding Balance of all Loan Assets (other than Warranty Loan Assets) sold transferred pursuant to Section 2.07(b), 2.07(e) or substituted pursuant to Section 2.07(a) or released pursuant to a Lien Release Dividend during the 12-month period immediately preceding the proposed date of sale or substitution (or such lesser number of months as that shall have elapsed since April 26, 2013 as of such date) does not exceed 1020% of the highest aggregate Outstanding Balance of any month during such 12-month period (or such lesser number of months as shall have elapsed as of such date)Maximum Facility Amount.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Business Development Corp of America), Loan and Servicing Agreement (Business Development Corp of America)
Limitations on Sales and Substitutions. The Outstanding Balance of all Loan Assets (other than Warranty Loan Assets) sold pursuant to Section 2.07(b), substituted pursuant to Section 2.07(a) or released pursuant to a Lien Release Dividend during the 12-month period immediately preceding the proposed date of sale or substitution (or such lesser number of months as shall have elapsed as of such date) does not exceed 1020% of the highest aggregate Outstanding Balance of any month during such 12-month period (or such lesser number of months as shall have elapsed as of such date)Maximum Facility Amount.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Business Development Corp of America)