Common use of Minimum Stockholders’ Equity Clause in Contracts

Minimum Stockholders’ Equity. After the Effective Date, theThe Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 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, but excluding the portion of the assets of any SBIC Subsidiary that is financed with indebtedness) and (ii) the sum of (x) $195,000,000, plus (y) 65% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Second Amendment Effective Date (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 (Capitala Finance Corp.)

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Minimum Stockholders’ Equity. After the Effective Date, theThe The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 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, but excluding the portion of the assets of any SBIC Subsidiary that is financed with indebtedness) and (ii) the sum of (x) $195,000,000, 150,000,000,(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 Second SecondSixth Amendment Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Capitala Finance Corp.)

Minimum Stockholders’ Equity. After the Effective Date, theThe The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 4555% 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, but excluding from such calculation the portion of the assets of any SBIC Subsidiary that is financed with indebtedness) and (ii) the sum of (x) $195,000,000, 210,830,000 plus (y) 6550% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Second Amendment No. 15 Effective Date (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 (Medley Capital Corp)

Minimum Stockholders’ Equity. After the Effective Date, theThe the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 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, but excluding the portion of the assets of any SBIC Subsidiary that is financed with indebtedness) and (ii) the sum of (x) $195,000,000, plus (y) 65% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Second Amendment Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Capitala Finance Corp.)

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Minimum Stockholders’ Equity. After the Effective Date, theThe The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 4555% 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, but excluding from such calculation the portion of the assets of any SBIC Subsidiary that is financed with indebtedness) and (ii) the sum of (x) $195,000,000, 210,830,000 plus (y) 6550% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Second Amendment No. 5 Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp)

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