Senior Securities Representing Indebtedness definition

Senior Securities Representing Indebtedness has the meaning set forth in the first sentence of Section 18(g) of the Investment Company Act.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Senior Securities Representing Indebtedness any Senior Security other than stock, preferred stock or other equity security.

Senior Securities Representing Indebtedness and “Senior Securities representing Indebtedness”: any Senior Security other than stock, preferred stock or other equity security.

Examples of Senior Securities Representing Indebtedness in a sentence

The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets.
The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33% of its Adjusted Net Assets.
The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets for more than three (3) consecutive Domestic Business Days.
The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of Adjusted Net Assets.
Such Borrower will not at any time permit the aggregate amount of its Total Liabilities that are Senior Securities Representing Indebtedness to exceed the Applicable Percentage of its Adjusted Net Assets.

More Definitions of Senior Securities Representing Indebtedness

Senior Securities Representing Indebtedness means any Senior Security other than those identified in clause (e) of the definition thereof. Senior Securities Representing Indebtedness includes, without limitation, all Loans, Interfund Loans and reverse repurchase agreements that are Senior Securities (as determined in accordance with the Act and the rules and regulations promulgated thereunder).

Senior Securities Representing Indebtedness any Senior Security ------------------------------------------- other than stock.

Senior Securities Representing Indebtedness has the meaning set forth in the first sentence of Section 18(g) of the ICA.

Senior Securities Representing Indebtedness has the meaning set forth in Section 18(g) of the ICA (but excluding any liabilities corresponding to derivatives or reverse repurchase transactions that are excepted from the asset coverage requirements of Section 18 of the ICA pursuant to Rule 18f-4 of the ICA).

Senior Securities Representing Indebtedness means any Senior Security other than stock.

Senior Securities Representing Indebtedness has the meaning set forth in Section 18(g) of the 1940 Act, and includes, without limitation, Indebtedness in respect of the Credit Agreement.

Senior Securities Representing Indebtedness generally means any bond, debenture, note or similar obligation or instrument constituting a security (other than stock) and evidencing indebtedness. For purposes of determining asset coverage for senior securities representing indebtedness in connection with the payment of dividends or other distributions on or purchases or redemptions of stock, the term "senior security" does not include any promissory note or other evidence of indebtedness issued in consideration of any loan, extension or renewal thereof, made by a bank or other person and privately arranged, and not intended to be publicly distributed. The term "senior security" also does not include any such promissory note or other evidence in any case where such a loan is for temporary purposes only and in an amount not exceeding 5% of the value of the total assets of the Fund at the time when the loan is made; a loan is presumed under the 1940 Act to be for temporary purposes if it is repaid within 60 days and is not extended or renewed; otherwise it is presumed not to be for temporary purposes. For purposes of determining whether the 300% and 200% asset coverage requirements described above apply in connection with dividends or distributions on or purchases or redemptions of Common Stock or Preferred Shares and for purposes of determining 1940 Act Asset Coverage (as defined below), such asset coverages may be calculated on the basis of values calculated as of a time within 48 hours (not including Sundays or holidays) next preceding the time of the applicable determination. The foregoing definitions reflect the provisions of the 1940 Act as in effect on the date of the Indenture and are subject to change to the extent necessary to reflect changes in the 1940 Act, if any.