Common use of Scheduled Testing of Values Clause in Contracts

Scheduled Testing of Values. (A) Each April 30, July 31, October 31 and February 28 of each calendar year (each a “Valuation Testing Date”), the Administrative Agent through an independent valuation provider selected by the Administrative Agent (the “Independent Valuation Provider”) will test the values determined pursuant to Section 5.12(b)(ii) above of those Portfolio Investments included in the Borrowing Base selected by the Administrative Agent; provided, that the aggregate fair value of such Portfolio Investments tested on any Valuation Testing Date will be approximately equal to the Tested Amount (as defined below).

Appears in 5 contracts

Samples: Senior Secured Credit Agreement (Ares Capital Corp), Senior Secured Credit Agreement (Ares Capital Corp), Senior Secured Credit Agreement (Ares Capital Corp)

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Scheduled Testing of Values. (A) Each April 30, July 31, October 31 and February 28 of each calendar year year, commencing as of April 30, 2013 (each a “Valuation Testing Date”), the Administrative Agent through an independent valuation provider selected by the Administrative Agent (the “Independent Valuation Provider”) will test the values determined pursuant to Section 5.12(b)(ii) above of those Portfolio Investments included in the Borrowing Base selected by the Administrative Agent; provided, that the aggregate fair value of such Portfolio Investments tested on any Valuation Testing Date will be approximately equal to the Tested Amount (as defined below).

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Ares Capital Corp), Revolving Credit Agreement (Ares Capital Corp)

Scheduled Testing of Values. (A) Each April As of March 31, June 30, July 31, October September 30 and December 31 and February 28 of each calendar year (each a “Valuation Testing Date”), the Administrative Agent through an independent valuation provider selected by the Administrative Agent (the “Independent Valuation Provider”) Provider will test the values determined pursuant to Section 5.12(b)(ii) above of those Portfolio Investments included in the Borrowing Base selected by the Administrative Agent; provided, that the aggregate fair value of such Portfolio Investments tested on any Valuation Testing Date will be approximately equal to the Tested Amount (as defined below).

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Franklin BSP Capital Corp), Senior Secured Credit Agreement (Franklin BSP Lending Corp)

Scheduled Testing of Values. (A) Each February 28, April 30, July 31, 31 and October 31 and February 28 of each calendar year year, or such other quarterly dates as are reasonably agreed by the Borrower and the Administrative Agent, commencing on October 31, 2012 (each a “Valuation Testing Date”), the Administrative Agent through an independent valuation provider selected by the Administrative Agent (the “Independent Valuation Provider”) Provider will test the values Values determined pursuant to Section 5.12(b)(ii) above of those Portfolio Investments included in the Borrowing Base selected by the Administrative Agent; providedprovided that, that the aggregate fair value of such Portfolio Investments tested on any Valuation Testing Date will be approximately at least equal to the Tested Amount (as defined below).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (American Capital, LTD)

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Scheduled Testing of Values. (A) Each April 30, July 31, October 31 and February 28 of each calendar year year, commencing on October 31, 2012 (each a “Valuation Testing Date”), the Administrative Agent through an independent valuation provider selected by the Administrative Agent (the “Independent Valuation Provider”) will test the values determined pursuant to Section 5.12(b)(ii) above of those Portfolio Investments included in the Borrowing Base selected by the Administrative Agent; provided, that the aggregate fair value of such Portfolio Investments tested on any Valuation Testing Date will be approximately equal to the Tested Amount (as defined below).

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Ares Capital Corp)

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