Portfolio Valuation and Diversification Etc Risk Factor Ratings 112113 SECTION 5.13. Calculation of Borrowing Base 116117 SECTION 5.14. Anti-Hoarding of Assets at Financing Subsidiaries 130131 SECTION 5.15. Taxes 130131 SECTION 5.16. Operations 131 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 131132 SECTION 6.02. Liens 133134 SECTION 6.03. Fundamental Changes 134 SECTION 6.04. Investments 136137 SECTION 6.05. Restricted Payments 137138 SECTION 6.06. Certain Restrictions on Subsidiaries 138139 SECTION 6.07. Certain Financial Covenants 138139 SECTION 6.08. Transactions with Affiliates 139140 SECTION 6.09. Lines of Business 140 SECTION 6.10. No Further Negative Pledge 140 SECTION 6.11. Modifications of Certain Documents 140141 SECTION 6.12. Payments of Indebtedness 141 SECTION 6.13. Modification of Investment Policies 142 SECTION 6.14. SBIC Guarantee 142 SECTION 6.15. Derivative Transactions 142 SECTION 6.16. Convertible Indebtedness 142143 SECTION 6.17. Outbound Investments.. 143 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 142143 ARTICLE VIII THE ADMINISTRATIVE AGENT SECTION 8.01. Appointment 146147 SECTION 8.02. Capacity as Lender 147148 SECTION 8.03. Limitation of Duties; Exculpation 147148 SECTION 8.04. Reliance 148149 SECTION 8.05. Sub-Agents 148149 SECTION 8.06. Resignation; Successor Administrative Agent 149 SECTION 8.07. Reliance by Lenders 149150 SECTION 8.08. Modifications to Loan Documents 149150 iii