Common use of Minimum Stockholders’ Equity Clause in Contracts

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 of (i) (x) prior to the OCSI Merger Date, $550,000,000 and (y) on and after the OCSI Merger Date, $600,000,000, plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Amendment No. 2

Appears in 2 contracts

Samples: Revolving Credit Agreement (Oaktree Specialty Lending Corp), Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp)

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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 of (i) (x) prior to the OCSI Merger Date, $550,000,000 550,000,000, plus and (y) on and after the OCSI Merger Date, $600,000,000, plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Amendment No. 2

Appears in 1 contract

Samples: Revolving Credit Agreement (Oaktree Specialty Lending Corp)

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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 of (i) (x) prior to the OCSI Merger Date, $550,000,000 and (y) on and after the OCSI Merger Date, $600,000,000, plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Amendment No. 22 Effective Date. (126)

Appears in 1 contract

Samples: Credit Agreement (Oaktree Specialty Lending Corp)

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