Asset Coverage. Such Borrower will not at any time permit the aggregate outstanding principal amount of all Loans borrowed hereunder by such Borrower to exceed such Borrower’s Borrowing Limit, except to the extent permitted by Section 2.3 hereof during a Mandatory Prepayment Grace Period.
Appears in 7 contracts
Samples: Credit Agreement (Ubs Event Fund, L.L.C.), Credit Agreement (Ubs Equity Opportunity Fund Ii LLC), Credit Agreement (Ubs M2 Fund LLC)
Asset Coverage. Such Borrower will not at any time permit the aggregate outstanding principal amount of all Loans borrowed hereunder by such Borrower to exceed such Borrower’s 's Borrowing Limit, except to the extent permitted by Section 2.3 hereof during a Mandatory Prepayment Grace Period.
Appears in 2 contracts
Samples: Credit Agreement (Ubs Event & Equity Fund LLC), Credit Agreement (Ubs Multi-Strat Fund LLC)
