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$350,000,000.
Appears in 1 contract
Samples: Secured Term Loan Credit Agreement (THL Credit, Inc.)
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$350,000,000.Amendment No. 1
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)
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 Amendment No. 1 Effective Date$350,000,000Date.$350,000,000.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)
Obligors’ Net Worth Test. The Borrower will not permit the Obligors’ Net Worth to be less than the lesser of (i) $175,000,000175,000,000 at any time., 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$350,000,000.Amendment No. 1
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)
