Maturity Amendments. The Issuer (or the Collateral Manager on the Issuer’s behalf) may not vote in favor of a Maturity Amendment unless, as determined by the Collateral Manager: (A) the Maximum Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment or (B) solely during the Reinvestment Period, if the Maximum Weighted Average Life Test was not satisfied immediately prior to giving effect to such Maturity Amendment, the level of compliance with the Maximum Weighted Average Life Test will be improved or maintained after giving effect to such Maturity Amendment, in each case after giving effect to any Trading Plan in effect during the applicable Trading Plan Period; provided that in the case of a Maturity Amendment in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereof, up to 10.0% of the Total Capitalization of the applicable Portfolio may consist of Collateral Obligations that do not satisfy this clause (i) after giving effect to the related Maturity Amendment; and (ii) the following conditions are met: (1) the extended maturity date of such Collateral Obligation would not be later than two years beyond the earliest Stated Maturity of any Class of Obligations and (2) after giving effect to such Maturity Amendment not more than 5.0% of the Total Capitalization of the applicable Portfolio may consist of Long Dated Obligations. For the avoidance of doubt, after giving effect to such Maturity Amendment, the Collateral Obligation that is the subject of such Maturity Amendment must satisfy the definition of “Collateral Obligation” other than clause (iv) of the definition thereof.
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Maturity Amendments. The Issuer (or the Collateral Manager on the Issuer’s 's behalf) shall be authorized to consent to (x) any amendment to the Underlying Instruments governing a Collateral Obligation that extends the stated maturity of such Collateral Obligation in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereof if the Collateral Manager determines that such amendment in connection therewith would reduce the likelihood that such Collateral Obligation will become a Defaulted Obligation (such amendment, an "Extension Amendment") and (y) any Maturity Amendment; provided that, in the case of clause (y), neither the Issuer nor the Collateral Manager on the Issuer's behalf may not vote in favor of a agree to any Maturity Amendment unless, as determined by the Collateral Manager:
Manager after giving effect to any Trading Plan then in effect, (A1) the Maximum Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment satisfied, or (B) solely during the Reinvestment Periodif not satisfied, if the Maximum Weighted Average Life Test was not satisfied immediately prior to giving effect to such Maturity Amendment, the level of compliance with the Maximum Weighted Average Life Test such test will be maintained or improved or maintained after giving effect to such Maturity Amendment, in each case after giving effect to any Trading Plan in effect during the applicable Trading Plan Period; provided that in the case of a Maturity Amendment in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereof, up to 10.0% of the Total Capitalization of the applicable Portfolio may consist of Collateral Obligations that do not satisfy this clause Period and (i) after giving effect to the related Maturity Amendment; and
(ii) the following conditions are met: (12) the extended maturity date of such Collateral Obligation would not be later than two years beyond the earliest Stated Maturity of the Secured Debt; provided further, that neither the Issuer nor the Collateral Manager on the Issuer's behalf may agree to any Class of Obligations and (2) Maturity Amendment or Extension Amendment unless, as determined by the Collateral Manager after giving effect to any Trading Plan then in effect after giving effect to such Maturity Amendment or Extension Amendment, the aggregate principal balance of all Long-Dated Obligations received in Extension Amendments and Maturity Amendments since the 2024 Closing Date is not more than 5.0% of the Total Capitalization of the applicable Portfolio may consist of Long Dated Obligations. For the avoidance of doubt, after giving effect to such Maturity Amendment, the Collateral Obligation that is the subject of such Maturity Amendment must satisfy the definition of “Collateral Obligation” other than clause (iv) of the definition thereofTarget Initial Par Amount.
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Maturity Amendments. The Issuer (or the Collateral Manager on the Issuer’s behalf) may not vote in favor of a Maturity Amendment unless, as determined by the Collateral Manager:
(A) the Maximum Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment or (B) solely during the Reinvestment Period, if the Maximum Weighted Average Life Test was not satisfied immediately prior to giving effect to such Maturity Amendment, the level of compliance with the Maximum Weighted Average Life Test will be improved or maintained after giving effect to such Maturity Amendment, in each case after giving effect to any Trading Plan in effect during the applicable Trading Plan Period; provided that this clause (i) shall not apply to any amendment in the case of a Maturity Amendment in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereof, up to 10.0% of the Total Capitalization of the applicable Portfolio may consist of Collateral Obligations that do not satisfy this clause (i) after giving effect to the related Maturity Amendment; and
(ii) the following conditions are met: (1) the extended maturity date of such Collateral Obligation would not be later than two years beyond the earliest Stated Maturity (as of any Class the Closing Date) of Obligations the Notesits original maturity date and (2) after giving effect to such Maturity Amendment not more than 5.05.03.0 % of the Total Capitalization of the applicable Portfolio may consist of Long Dated Collateral Obligations that are Permitted Maturity Obligations. For the avoidance of doubt, after giving effect to such Maturity Amendment, the Collateral Obligation that is the subject of such Maturity Amendment must satisfy the definition of “Collateral Obligation” other than clause (iv) of the definition thereof.
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Samples: Supplemental Indenture (AB Private Credit Investors Corp)
Maturity Amendments. The Issuer (or the Collateral Manager on the Issuer’s behalf) may not vote in favor shall be authorized to consent to (x) any amendment to the Underlying Instruments governing a Collateral Obligation that extends the stated maturity of a Maturity Amendment unless, as determined by the such Collateral Manager:
(A) the Maximum Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment or (B) solely during the Reinvestment Period, if the Maximum Weighted Average Life Test was not satisfied immediately prior to giving effect to such Maturity Amendment, the level of compliance with the Maximum Weighted Average Life Test will be improved or maintained after giving effect to such Maturity Amendment, in each case after giving effect to any Trading Plan in effect during the applicable Trading Plan Period; provided that in the case of a Maturity Amendment Obligation in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereofthereof if the Collateral Manager determines that such amendment in connection therewith would reduce the likelihood that such Collateral Obligation will become a Defaulted Obligation (such amendment, up to 10.0% an “Extension Amendment”) and (y) any Maturity Amendment; provided that, in the case of the Total Capitalization of the applicable Portfolio may consist of Collateral Obligations that do not satisfy this clause (iy), neither the Issuer nor the Collateral Manager on the Issuer’s behalf may agree to any Maturity Amendment unless, as determined by the Collateral Manager, (1) the Weighted Average Life Test will be satisfied, or if not satisfied, compliance with such test will be maintained or improved after giving effect to the related such Maturity Amendment; and
Amendment and (ii) the following conditions are met: (12) the extended maturity date of such Collateral Obligation would not be later than two years beyond the earliest Stated Maturity of the Secured Debt; provided, further, that neither the Issuer nor the Collateral Manager on the Issuer’s behalf may agree to any Class of Obligations and (2) Maturity Amendment or Extension Amendment unless, as determined by the Collateral Manager after giving effect to such Maturity Amendment or Extension Amendment, (i) the Aggregate Principal Balance of all Collateral Obligations subject to a Maturity Amendment or an Extension Amendment since the Closing Date is not more than 10.0% of the Target Initial Par Amount and (ii) the aggregate principal balance of all Long-Dated Obligations received in Extension Amendments and Maturity Amendments since the Closing Date is not more than 5.0% of the Total Capitalization of the applicable Portfolio may consist of Long Dated Obligations. For the avoidance of doubt, after giving effect to such Maturity Amendment, the Collateral Obligation that is the subject of such Maturity Amendment must satisfy the definition of “Collateral Obligation” other than clause (iv) of the definition thereofTarget Initial Par Amount.
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Maturity Amendments. The Issuer (Without regard to the Concentration Limitations or the Investment Criteria, the Collateral Manager Manager, on behalf of the Issuer’s behalf) , may not vote in favor consent to solicitations by Obligors of a Collateral Obligation to a Maturity Amendment unlessif, as determined by after giving effect to any Trading Plan in effect: (i) such Maturity Amendment does not extend the stated maturity date of a Collateral Obligation beyond the Stated Maturity; provided that the Issuer may enter into any Maturity Amendment that does not meet the requirements of clause this clause (i) if (a) in the Collateral Manager:
’s reasonable judgment such Maturity Amendment is a Credit Amendment and (Ab) the Maximum Aggregate Principal Balance of all such Collateral Obligations held by the Issuer at any point in time shall not exceed 7.5% of the Aggregate Principal Balance of all Collateral Obligations after giving effect to such Maturity Amendment; and (ii) either (x) the Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment or (By) solely during the Reinvestment Period, if the Maximum Weighted Average Life Test was not satisfied immediately prior to giving effect to such Maturity Amendment, the level of compliance with the Maximum Weighted Average Life Test test will be maintained or improved or maintained after giving effect to such Maturity Amendment, in each case after giving effect to any Trading Plan in effect during the applicable Trading Plan Period; provided that in the case of a Maturity Amendment in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereof, up to 10.0% of the Total Capitalization of the applicable Portfolio may consist of Collateral Obligations that do not satisfy this clause (i) after giving effect to the related Maturity Amendment; and
(ii) the following conditions are met: (1) the extended maturity date of such Collateral Obligation would not be later than two years beyond the earliest Stated Maturity of any Class of Obligations and (2) after giving effect to such Maturity Amendment not more than 5.0% of the Total Capitalization of the applicable Portfolio may consist of Long Dated Obligations. For the avoidance of doubt, and after giving effect to such any Trading Plan; provided, that the Issuer may enter into any Maturity Amendment, Amendment that does not meet the requirements of clause (x) or (y) above if (a) in the Collateral Obligation that is the subject of Manager’s reasonable judgment such Maturity Amendment must satisfy is a Credit Amendment, (b) the definition stated maturity of “any Collateral Obligation” other than clause (iv) Obligation subject to a Credit Amendment is not extended beyond the earliest Stated Maturity of the definition thereof.Secured Debt,
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Maturity Amendments. The Issuer (or the Collateral Manager on the Issuer’s 's behalf) may not vote in favor of a Maturity Amendment unless, as determined by the Collateral Manager:
(A) the Maximum Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment or (B) solely during the Reinvestment Period, if the Maximum Weighted Average Life Test was not satisfied immediately prior to giving effect to such Maturity Amendment, the level of compliance with the Maximum Weighted Average Life Test will be improved or maintained after giving effect to such Maturity Amendment, in each case after giving effect to any Trading Plan in effect during the applicable Trading Plan Period; , provided that that, the Issuer may vote in the case favor of a any Maturity Amendment in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout that does not meet the requirement of the Obligor thereof, up to 10.0% of the Total Capitalization of the applicable Portfolio may consist of Collateral Obligations that do not satisfy this clause (i) if, as determined by the Collateral Manager, after giving effect to the related such Maturity Amendment, not more than 7.5% of the Collateral Principal Amount will consist of Collateral Obligations subject to a Maturity Amendment that does not meet the requirement of this clause (i); and
(ii) the following conditions are met: (1A) the extended maturity date of such Collateral Obligation would not be later than two years beyond the earliest Stated Maturity of any Class of Obligations the Secured Debt and (2B) after giving effect to such Maturity Amendment not more than 5.07.5% of the Total Capitalization of the applicable Portfolio Collateral Principal Amount may consist of Long Collateral Obligations that have been subject to a Maturity Amendment and are Long-Dated Obligations. For the avoidance of doubt, after giving effect Obligations solely due to such Maturity Amendment; Notwithstanding the foregoing, the Issuer may vote in favor of any Maturity Amendment that does not meet the requirements of clause (i) or (ii) above if (x) in the Collateral Manager's reasonable judgment, not voting in favor of such Maturity Amendment would have a material adverse effect on the Issuer, the Secured Debt or the Holders or (y) the Collateral Manager intends to sell the Collateral Obligation that is subject to such Maturity Amendment within 30 days after the subject effective date of such Maturity Amendment must satisfy and the definition Collateral Manager reasonably believes that such sale will be completed prior to the end of “Collateral Obligation” other than clause (iv) of the definition thereofsuch 30-day period.
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Maturity Amendments. The Issuer (or the Collateral Manager on the Issuer’s 's behalf) shall be authorized to consent to (x) any amendment to the Underlying Instruments governing a Collateral Obligation that extends the stated maturity of such Collateral Obligation in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereof if the Collateral Manager determines that such amendment in connection therewith would reduce the likelihood that such Collateral Obligation will become a Defaulted Obligation (such amendment, an "Extension Amendment") and (y) any Maturity Amendment; provided that, in the case of clause (y), neither the Issuer nor the Collateral Manager on the Issuer's behalf may not vote in favor of a agree to any Maturity Amendment unless, as determined by the Collateral Manager:
Manager after giving effect to any Trading Plan then in effect, (A1) the Maximum Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment satisfied, or (B) solely during the Reinvestment Periodif not satisfied, if the Maximum Weighted Average Life Test was not satisfied immediately prior to giving effect to such Maturity Amendment, the level of compliance with the Maximum Weighted Average Life Test such test will be maintained or improved or maintained after giving effect to such Maturity Amendment, in each case after giving effect to any Trading Plan in effect during the applicable Trading Plan Period; provided that in the case of a Maturity Amendment in connection with an insolvency, bankruptcy, reorganization, debt restructuring or workout of the Obligor thereof, up to 10.0% of the Total Capitalization of the applicable Portfolio may consist of Collateral Obligations that do not satisfy this clause Period and (i) after giving effect to the related Maturity Amendment; and
(ii) the following conditions are met: (12) the extended maturity date of such Collateral Obligation would not be later than two years beyond the earliest Stated Maturity of the Secured Debt; provided further, that neither the Issuer nor the Collateral Manager on the Issuer's behalf may agree to any Class of Obligations and (2) Maturity Amendment or Extension Amendment unless, as determined by the Collateral Manager after giving effect to any Trading Plan then in effect after giving effect to such Maturity Amendment not more than 5.0% of the Total Capitalization of the applicable Portfolio may consist of Long Dated Obligations. For the avoidance of doubt, after giving effect to such Maturity Amendment, the Collateral Obligation that is the subject of such Maturity Amendment must satisfy the definition of “Collateral Obligation” other than clause (iv) of the definition thereof.or
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