Common use of Unquoted Investments External Review Clause in Contracts

Unquoted Investments External Review. With respect to Portfolio Investments for which market quotations are not readily available, the Borrower shall request an Approved Third Party Appraiser to assist the Board of Directors of the Borrower in determining the fair market value of such Portfolio Investments, as at the last day of each Fiscal Quarter, provided that (x) the Value of any such Portfolio Investment (i.e. a Portfolio Investment for which market quotations are not readily available) acquired during a Fiscal Quarter shall be deemed to be equal to the cost of such Portfolio Investment until such time as the fair market value of such Portfolio Investment is determined in accordance with the foregoing provisions of this sub-clause (B) as at the last day of such Fiscal Quarter and

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Kayne Anderson Energy Development Co), Subsidiary Guaranty Agreement (Kayne Anderson Energy Development Co), Secured Revolving Credit Agreement (Kayne Anderson Energy Development Co)

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Unquoted Investments External Review. With respect to Portfolio Investments for which market quotations are not readily available, the Borrower shall request an Approved Third Third-Party Appraiser to assist the Board of Directors of the Borrower in determining the fair market value of such Portfolio Investments, as at the last day of each Fiscal Quarterfiscal quarter; provided that, provided that (x) the Value of any such Portfolio Investment (i.e. a Portfolio Investment for which market quotations are not readily available) acquired during a Fiscal Quarter fiscal quarter shall be deemed to be equal to the cost of such Portfolio Investment until such time as the fair market value of such Portfolio Investment is determined in accordance with the foregoing provisions of this sub-clause (B) as at the last day of such Fiscal Quarter andfiscal quarter;

Appears in 2 contracts

Samples: Senior Secured Term Loan Agreement (Solar Capital Ltd.), Senior Secured (Solar Capital Ltd.)

Unquoted Investments External Review. With respect to Portfolio Investments for which market quotations are not readily available, the Borrower shall request an Approved Third Third-Party Appraiser to assist the Board of Directors of the Borrower in determining the fair market value of such Portfolio Investments, as at the last day of each Fiscal Quarterfiscal quarter, provided that (x) the Value of any such Portfolio Investment (i.e. a Portfolio Investment for which market quotations are not readily available) acquired during a Fiscal Quarter fiscal quarter shall be deemed to be equal to the cost of such Portfolio Investment until such time as the fair market value of such Portfolio Investment is determined in accordance with the foregoing provisions of this sub-clause (B) as at the last day of such Fiscal Quarter fiscal quarter and

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Pennantpark Investment Corp), Guarantee and Security Agreement (Apollo Investment Corp)

Unquoted Investments External Review. With respect to Portfolio Investments for which market quotations are not readily available, the Borrower shall request an Approved Third Third-Party Appraiser to assist the Board of Directors of the Borrower in determining the fair market value of such Portfolio Investments, as at the last day of each Fiscal Quarterfiscal quarter, provided that (x) the Value of any such Portfolio Investment (i.e. i.e., a Portfolio Investment for which market quotations are not readily available) acquired during a Fiscal Quarter fiscal quarter shall be deemed to be equal to the cost of such Portfolio Investment until such time as the fair market value of such Portfolio Investment is determined in accordance with the foregoing provisions of this sub-clause subsection (B) as at the last day of such Fiscal Quarter fiscal quarter, and

Appears in 1 contract

Samples: Credit Agreement (Fifth Street Finance Corp)

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Unquoted Investments External Review. With respect to each Portfolio Investments Investment for which market quotations quotation(s) are not readily available, the Borrower Company shall request an Approved Third Third-Party Appraiser to assist the Board of Directors of the Borrower Company in determining the fair market value of such Portfolio InvestmentsInvestment, as at the last day of each Fiscal Quarterfiscal quarter, provided that (x) the Value of any such Portfolio Investment (i.e. i.e., a Portfolio Investment for which market quotations are not readily available) acquired during a Fiscal Quarter fiscal quarter shall be deemed to be equal to no more than the cost of such Portfolio Investment until such time as the fair market value of such Portfolio Investment is determined in accordance with the foregoing provisions of this sub-clause (BA) as at the last day of such Fiscal Quarter andfiscal quarter or, as applicable, fiscal year;

Appears in 1 contract

Samples: Note Purchase Agreement (BlackRock Kelso Capital CORP)

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