Failure to Determine Values. If the Borrower shall fail to determine the value of any Portfolio Investment for which market quotation(s) are not readily available as at any date pursuant to the requirements of the foregoing sub-clauses (A) or (B), then the “Value” of such Portfolio Investment as at such date shall be deemed to be zero until such time as the value of such Portfolio Investment is otherwise determined or reviewed, as applicable, in accordance herewith.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Solar Capital Ltd.), Senior Secured Credit Agreement (Solar Capital Ltd.), Secured Credit Agreement (Solar Capital Ltd.)
Failure to Determine Values. If the Borrower shall fail to determine the value of any Portfolio Investment for which market quotation(s) are not readily available as at any date pursuant to the requirements of the foregoing sub-clauses (A) or (B), then the “Value” of such Portfolio Investment as at such date shall be deemed to be zero until such time as zero. For purposes of the value of such Portfolio Investment is otherwise determined or reviewedforegoing, as applicable, in accordance herewith.the following terms have the following meanings:
Appears in 2 contracts
Samples: Credit Agreement (BlackRock Kelso Capital CORP), Credit Agreement (BlackRock Kelso Capital CORP)
Failure to Determine Values. If the Borrower shall fail to determine the value of any Portfolio Investment for which market quotation(s) are not readily available as at any date pursuant to the requirements of the foregoing sub-clauses (A) or (B), then the “Value” of such Portfolio Investment as at such date shall be deemed to be zero until such time as the value of such Portfolio Investment is otherwise determined or reviewed, as applicable, in accordance herewithzero.
Appears in 2 contracts
Samples: Senior Secured (Solar Capital Ltd.), Senior Secured Term Loan Agreement (Solar Capital Ltd.)
Failure to Determine Values. If the Borrower Borrowers shall fail to determine the value of any Portfolio Investment Eligible Specified Financial Asset for which market quotation(s) are not readily available as at any date pursuant to the requirements of the foregoing sub-clauses (A) or (B), then the “Value” of such Portfolio Investment as at such date shall be deemed to be zero until such time as the value of such Portfolio Investment is otherwise determined or reviewed, as applicable, in accordance herewithzero.
Appears in 2 contracts
Samples: Credit Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Holdings LLC)
Failure to Determine Values. If the Borrower shall fail to determine the value of any Portfolio Investment for which market quotation(s) are not readily available as at any date pursuant to the requirements of the foregoing sub-clauses (A) or (B), then the “"Value” " of such Portfolio Investment as at such date shall be deemed to be zero until such time as zero. For purposes of the value of such Portfolio Investment is otherwise determined or reviewedforegoing, as applicable, in accordance herewith.the following terms have the following meanings:
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (BlackRock Kelso Capital CORP)
Failure to Determine Values. If the Borrower Company shall fail to determine the value of any Portfolio Investment for which market quotation(s) are not readily available as at any date pursuant to the requirements of the foregoing sub-clauses (A) or (B), then the “Value” of such Portfolio Investment as at such date shall be deemed to be zero until such time as zero. For purposes of the value of such Portfolio Investment is otherwise determined or reviewedforegoing, as applicable, in accordance herewith.the following terms have the following meanings:
Appears in 1 contract
Samples: Note Purchase Agreement (BlackRock Kelso Capital CORP)
