Obligors’ Net Worth Test. The Borrower will not permit the Obligors’ Net Worth to be less than the lesser of (i) $175,000,000, and (ii) $160,000,000 plus 100% of the aggregate net cash proceeds of all sales of Equity Interests by the Borrower after the Effective Date.
Appears in 2 contracts
Samples: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Term Loan Credit Agreement (THL Credit, Inc.)
Obligors’ Net Worth Test. The After Effective Date, the Borrower will not permit the Obligors’ Net Worth to be less than the lesser of an amount equal to (i) $175,000,000, and 50,000,000 plus (ii) $160,000,000 plus 10050% of the aggregate net cash proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Effective Date.
Appears in 2 contracts
Samples: Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured (FIDUS INVESTMENT Corp)
Obligors’ Net Worth Test. The After the Restatement Effective Date, the Borrower will not permit the Obligors’ Net Worth at any time to be less than the lesser of an amount equal to (i) $175,000,000, and 100,000,000 plus (ii) $160,000,000 plus 10050% of the aggregate net cash proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective Date.
Appears in 2 contracts
Samples: Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured (FIDUS INVESTMENT Corp)
