SBIC Equity Commitment definition

SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.
Sample 1Sample 2Sample 3
SBIC Equity Commitment means a commitment by the Company to make one or more capital contributions to an SBIC Subsidiary.
Sample 1Sample 2Sample 3
SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary in connection with its incurrence of SBA Indebtedness; provided that such contribution is permitted by Section 6.03(d).
Sample 1Sample 2Sample 3

Examples of SBIC Equity Commitment in a sentence

  • Notwithstanding the foregoing, “Indebtedness” shall not include (x) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset or Investment to satisfy unperformed obligations of the seller of such asset or Investment or (y) a commitment arising in the ordinary course of business to make a future Portfolio Investment, but shall include any SBIC Equity Commitment.


More Definitions of SBIC Equity Commitment

SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Entity.
Sample 1Sample 2Sample 3
SBIC Equity Commitment means a commitment by the Borrower or any of its Subsidiaries to make one or more capital contributions to an SBIC Subsidiary.
Sample 1Sample 2
SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.37 Revolving Credit Agreement
Sample 1Sample 2
SBIC Equity Commitment means a commitment by the Borrower to make one or more capital
Sample 1
SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary. “SBIC Subsidiary” means any direct or indirect Subsidiary (including such Subsidiary’s general partner or managing entity to the extent that the only material asset of such general partner or managing entity is its equity interest in the SBIC Subsidiary) of any Obligor licensed as a small business investment company under the Small Business Investment Act of 1958, as amended (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted), and which is designated by the Borrower (as provided below) as an SBIC Subsidiary, so long as (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of such Subsidiary: (i) is Guaranteed by any Obligor (other than a Permitted SBIC Guarantee or analogous commitment), (ii) is recourse to or obligates any Obligor in any way (other than in respect of any SBIC Equity Commitment, Permitted SBIC Guarantee or analogous commitment), or (iii) subjects any property of any Obligor, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than Equity Interests in any SBIC Subsidiary pledged to secure such Indebtedness, and (b) subject to Standard Securitization Undertakings, no Obligor has any obligation to maintain or preserve such Subsidiary’s financial condition or cause such entity to achieve certain levels of operating results (other than in respect of any SBIC Equity Commitment, Permitted SBIC Guarantee or analogous commitment). Any such designation by the Borrower shall be effected pursuant to a certificate of a Financial Officer delivered to the Administrative Agent, which certificate shall include a statement to the effect that, to the best of such officer’s knowledge, such designation complied with the foregoing conditions. “SEC” means the United States Securities and Exchange Commission or any successor thereto. “Second Currency” has the meaning assigned to such term in Section 9.11.
Sample 1
SBIC Equity Commitment meansshall mean a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.
Sample 1

Related to SBIC Equity Commitment

  • L/C Commitment $50,000,000.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • LC Commitment means that portion of the Aggregate Revolving Commitments that may be used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $20,000,000.