Common use of Net Assets Clause in Contracts

Net Assets. The Net Assets of the Borrower most recently calculated prior to the Borrowing Date (but in any event within 10 Days of the Borrowing Date) shall be greater than or equal to the Minimum Net Assets, and the Borrower shall provide the Administrative Agent with a statement of said Net Assets and Minimum Net Assets (calculated within 10 Days of the Borrowing Date).

Appears in 11 contracts

Samples: Credit Agreement (Kayne Anderson Energy Infrastructure Fund, Inc.), Credit Agreement, Credit Agreement

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Net Assets. The Net Assets of the Borrower most recently calculated prior to the Borrowing Date (but in any event within 10 Days of the Borrowing Date) shall be greater than or equal to the Minimum Net Assets, and the Borrower shall provide the Administrative Agent with a statement of said Net Assets and Minimum Net Assets (calculated within 10 Days of the Borrowing Date). (i) The following shall be added as Section 5.9 (Payments following Default or Event of Default) to the New Credit Agreement:

Appears in 2 contracts

Samples: Termination, Replacement and Restatement Agreement (Kayne Anderson Energy Total Return Fund, Inc.), Termination, Replacement and Restatement Agreement (Kayne Anderson MLP Investment CO)

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Net Assets. The Net Assets of the Borrower most recently calculated prior to the Borrowing Date (but in any event within 10 Days of the Borrowing Date) shall be greater than or equal to the Minimum Net Assets, and the Borrower shall provide the Administrative Agent with a statement of calculation demonstrating that said Net Assets and are greater than or equal to Minimum Net Assets (calculated within 10 Days of the Borrowing Date).

Appears in 1 contract

Samples: Credit Agreement

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