Obligors’ Net Worth Test. After Effective Date, the Borrower will not permit the Obligors’ Net Worth to be less than an amount equal to (i) $50,000,000 plus (ii) 50% of the aggregate net 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. After Effective Date, the The Borrower will not permit the Obligors’ Net Worth to be less than an amount equal to the lesser of (i) $50,000,000 plus 175,000,000, and (ii) 50$160,000,000 plus 100% 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: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Term Loan Credit Agreement (THL Credit, Inc.)
Obligors’ Net Worth Test. After the Restatement Effective Date, the Borrower will not permit the Obligors’ Net Worth at any time to be less than an amount equal to (i) $50,000,000 100,000,000 plus (ii) 50% of the aggregate net 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)
