Capital Amount. Prior to the consummation of the Merger, Borrower and Subsidiary Guarantors shall not permit the net capital of the Broker Entity, as determined pursuant to applicable laws and regulations of the Financial Industry Regulatory Authority, Inc. to exceed, at any time, $25,000,000. Following the consummation of the Merger, Borrower and Subsidiary Guarantors shall not permit the net capital of the Broker Entity, as determined pursuant to applicable laws and regulations of the Financial Industry Regulatory Authority, Inc. to exceed, at any time, $50,000,000.
Appears in 2 contracts
Sources: Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)