Cover Requirement definition
Cover Requirement means the asset segregation obligations of the Borrower under Section 18 of the Investment Company Act, as contemplated by Securities Trading Practices of Registered Investment Companies, Investment Company Act Release No. 10666 (April 18, 1979)” and subsequent interpretations thereof by the Securities and Exchange Commission and/or the staff of the Securities and Exchange Commission.
Cover Requirement means the amount in Dollars which is at any time 133% of the Aggregate Commitment at such time:
Examples of Cover Requirement in a sentence
The Company shall ensure that at all times after the date of this Agreement, the Guarantor Cover Requirement is complied with.