Net Asset Value Floor. Client's Net Asset Value on any Business Day has declined by 50% or more from Client's Net Asset Value on the last Business Day of the preceding calendar year (together with any Net Asset Event, individually and collectively, a "Net Asset Value Event"); or
Appears in 3 contracts
Samples: Credit Agreement for Margin Financing (RiverNorth Opportunistic Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Flexible Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Managed Duration Municipal Income Fund, Inc.)
Net Asset Value Floor. Client's ’s Net Asset Value on any Business Busines Day has declined by 50% or more from Client's ’s Net Asset Value on the last Business Day of the preceding calendar year (together with any Net Asset Event, individually and collectively, a "“Net Asset Value Event"”); or
Appears in 1 contract
Samples: Credit Agreement (Rivernorth Opportunities Fund, Inc.)
Net Asset Value Floor. Client's ’s Net Asset Value on any Business Day has declined by 50% or more from Client's ’s Net Asset Value on the last Business Day of the preceding calendar year (together with any Net Asset Event, individually and collectively, a "“Net Asset Value Event"”); or
Appears in 1 contract
Samples: Credit Agreement for Margin Financing (Rivernorth Opportunities Fund, Inc.)
