Asset Coverage. The Loans to be made to such Borrower are a “senior security representing indebtedness” for purposes of and as defined in Section 18 of the Act. Immediately after the making of each Loan hereunder to such Borrower, the Asset Coverage Ratio of such Borrower shall be at least equal to its Permitted Asset Coverage Ratio.
Appears in 10 contracts
Samples: Credit Agreement (Blackrock Funds), Credit Agreement, Credit Agreement
Asset Coverage. The Loans to be made to such Borrower are a “"senior security representing indebtedness” " for purposes of and as defined in Section 18 of the Act. Immediately after the making of each Loan hereunder to such Borrower, the Asset Coverage Ratio of such Borrower shall be at least equal to its Permitted Asset Coverage Ratio300%.
Appears in 4 contracts
Samples: Credit Agreement (Master Premier Growth Trust), Credit Agreement (Merrill Lynch Sr Float Rate Fd), Credit Agreement (Master Focus Twenty Trust)
Asset Coverage. The Loans to be made to such Borrower are a “senior security representing indebtedness” for purposes of and as defined in Section 18 of the ActSenior Security Representing Indebtedness. Immediately after the making of each Loan hereunder to such Borrower, the Asset Coverage Ratio of such Borrower shall be at least equal to its Permitted Asset Coverage Ratio.
Appears in 3 contracts
Samples: Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Variable Series Funds II, Inc.), Credit Agreement (BlackRock Variable Series Funds II, Inc.)
Asset Coverage. The Loans to be made to such Borrower are a “senior security representing indebtedness” for purposes of and as defined in Section 18 of the ActSenior Security Representing Indebtedness. Immediately after the making of each Loan hereunder to such BorrowerXxxxxxxx, the Asset Coverage Ratio of such Borrower shall be at least equal to its Permitted Asset Coverage Ratio.
Appears in 2 contracts
Samples: Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.)
Asset Coverage. The Loans to be made to such Borrower are a “senior security representing indebtedness” for purposes of and as defined in Section 18 of the Act. Immediately after the making of each Loan hereunder to such Borrower, the Asset Coverage Ratio of such Borrower shall be at least equal to its Permitted Asset Coverage Ratio300%.
Appears in 1 contract
Samples: Credit Agreement (Blackrock Fundamental Growth Fund, Inc.)
