Re-designation of Class Advances. The Administrative Agent shall be permitted at any time, upon written notice to the Borrower, each Lender, the Collateral Agent and the Collateral Administrator, to re-allocate the aggregate outstanding principal balance under each Class so long as after giving effect to such re-allocation, each Class Minimum OC Coverage Test is satisfied or, if not satisfied, improved.
Appears in 2 contracts
Samples: Credit and Security Agreement (OFS Capital Corp), Credit and Security Agreement (OFS Capital Corp)
Re-designation of Class Advances. The Administrative Agent shall be permitted at any time, upon written notice to the Borrower, each Lender, the Collateral Agent Lender and the Collateral AdministratorAgent, to re-allocate the aggregate outstanding principal balance under each Class so long as after giving effect to such re-allocation, each Class Minimum OC Coverage Test is satisfied or, if not satisfied, improved.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Barings Private Credit Corp), Credit and Security Agreement (Barings Private Credit Corp)
