Debt Coverage Test. The Borrowers shall not permit, at any time, their “asset coverage” ratio for purposes of applicable laws and regulations applicable to GCDLC’s status as a “business development company” under the Investment Company Act, to be less than the amount required to be maintained by GCDLC under such laws and regulations. For the avoidance of doubt, as of the Closing Date, the “asset coverage” requirement for GCDLC under such laws and regulations is 2:1.
Appears in 5 contracts
Sources: Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp), Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp), Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp)
Debt Coverage Test. The Borrowers shall not permit, at any time, their “asset coverage” ratio for purposes of applicable laws and regulations applicable to GCDLC’s status as a “business development company” under the Investment Company Act, to be less than the amount required to be maintained by GCDLC under such laws and regulations. For the avoidance of doubt, as of the Closing Date, the “asset coverage” requirement for GCDLC under such laws and regulations is 2:1.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp)