Common use of Minimum Stockholders’ Equity Clause in Contracts

Minimum Stockholders’ Equity. After the Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Effective Date.

Appears in 4 contracts

Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.)

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Minimum Stockholders’ Equity. After the Restatement Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 118,700,000 plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Restatement Effective Date.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Barings Capital Investment Corp), Senior Secured Revolving Credit Agreement (Barings Capital Investment Corp)

Minimum Stockholders’ Equity. After the Effective Date, the The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (ix) $394,077,101 200,000,000, plus (iiy) 5065% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Original Effective DateDate (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Secured Revolving Credit Agreement (Capital Southwest Corp)

Minimum Stockholders’ Equity. After the Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 160,000,000, plus (iiy) 5070% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Effective DateDate (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured (FIDUS INVESTMENT Corp)

Minimum Stockholders’ Equity. After the Effective Date, the The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (ix) $394,077,101 400,000,000, plus (iiy) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective DateDate (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp)

Minimum Stockholders’ Equity. After the Effective Date, the The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 65% of the aggregate amount of Shareholders’ Equity as of the Effective Date, plus (ii) 5065% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Effective DateDate (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 1 contract

Samples: Senior Secured (Lafayette Square USA, Inc.)

Minimum Stockholders’ Equity. After the Effective Date, the The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 1,350,000,000 plus (ii) 5025% of the aggregate net proceeds of all sales the sale of Equity Interests by the Borrower after the Effective Closing Date.

Appears in 1 contract

Samples: Credit Agreement (FS Investment Corp II)

Minimum Stockholders’ Equity. After the Original Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum greater of (i) 40% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $394,077,101 700,000,000, plus (iiy) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Original Effective Date.

Appears in 1 contract

Samples: Senior Secured (Oaktree Specialty Lending Corp)

Minimum Stockholders’ Equity. After the Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Effective Date.. (b)

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.)

Minimum Stockholders’ Equity. After the Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 76,000,000 plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Effective Date.

Appears in 1 contract

Samples: Senior Secured (Barings Capital Investment Corp)

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Minimum Stockholders’ Equity. After the Restatement Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (ix) $394,077,101 262,500,000, plus (iiy) 5065% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective DateDate (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 1 contract

Samples: Credit Agreement (FIDUS INVESTMENT Corp)

Minimum Stockholders’ Equity. After the Effective Date, the The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (ix) $394,077,101 200,000,000, plus (iiy) 5065% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Original Effective Date.Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries). (b)

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Capital Southwest Corp)

Minimum Stockholders’ Equity. After the Restatement Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 262,500,000, plus (iiy) 5065% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective DateDate (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 1 contract

Samples: Senior Secured (FIDUS INVESTMENT Corp)

Minimum Stockholders’ Equity. After the Effective Date, the The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum greater of (i) $394,077,101 plus 45% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) 50the sum of (x) $120,000,000 plus (y) 65% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective Date.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)

Minimum Stockholders’ Equity. After the Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum greater of (i) 40% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $394,077,101 700,000,000, plus (iiy) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oaktree Specialty Lending Corp)

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