Debt Coverage Test. The Borrowers shall not permit, at any time, their “asset coverage” ratio for purposes of applicable laws and regulations applicable to GBDC 4’s status as a “business development company” under the Investment Company Act, to be less than the amount required to be maintained by GBDC 4 under such laws and regulations.
Appears in 3 contracts
Sources: Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.)
Debt Coverage Test. The Borrowers shall not permit, at any time, their “asset coverage” ratio for purposes of applicable laws and regulations applicable to GBDC 4’s status as a “business development company” under the Investment Company Act, to be less than the amount required to be maintained by GBDC 4 under such laws and regulations. For the avoidance of doubt, as of the Closing Date, the “asset coverage” requirement for GBDC 4 under such laws and regulations is 2:1.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.)
Debt Coverage Test. The Borrowers shall not permit, at any time, their “asset coverage” ratio for purposes of applicable laws and regulations applicable to GBDC 4’s status as a “business development company” under the Investment Company Act, to be less than the amount required to be maintained by GBDC 4 under such laws and regulations.
2.2. Schedule II of the Credit Agreement is hereby amended and restated in its entirety as set forth on Exhibit A hereto.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.)