Common use of Financial Condition Covenant Clause in Contracts

Financial Condition Covenant. Permit the Asset Coverage Ratio to be less than the Minimum Permitted Ratio; or in each case allow Indebtedness of the Borrower to exceed the limits set forth in the Borrower’s Prospectus or registration statement or allow Indebtedness to exceed the requirements of the 1940 Act.

Appears in 17 contracts

Samples: Credit Agreement (Kayne Anderson Energy Total Return Fund, Inc.), Credit Agreement (Kayne Anderson Midstream/Energy Fund, Inc.), Loan Agreement

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Financial Condition Covenant. Permit the Asset Coverage Ratio of such Borrower to be less than the Minimum Permitted RatioACR; or in each case allow borrowings and/or Indebtedness of the such Borrower to exceed the limits set forth in the such Borrower’s Prospectus or registration statement or allow borrowings and/or Indebtedness to exceed the requirements of the 1940 Act.

Appears in 3 contracts

Samples: Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.), Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.), Credit Agreement (T. Rowe Price Credit Opportunities Fund, Inc.)

Financial Condition Covenant. Permit the Asset Coverage Ratio of such ---------------------------- Borrower to be less than the Minimum Permitted Ratio; 300%, or in each case allow borrowings and/or Indebtedness of the such Borrower to exceed the limits set forth in the such Borrower’s 's Prospectus or registration statement or allow borrowing and/or Indebtedness to exceed the requirements of the 1940 Act.

Appears in 2 contracts

Samples: Credit Agreement (Excelsior Funds Inc), Credit Agreement (Excelsior Tax Exempt Funds Inc)

Financial Condition Covenant. Permit the Asset Coverage Ratio to be less than the Minimum Permitted Ratio; or in each case allow Indebtedness of the Borrower to exceed the limits set forth in the Borrower’s Prospectus or registration statement Registration Statement or allow Indebtedness to exceed the requirements of the 1940 Act.

Appears in 1 contract

Samples: Credit Agreement

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Financial Condition Covenant. Permit the Asset Coverage Ratio to be less than the Minimum Permitted Ratio; or in each case allow Indebtedness of the Borrower to exceed the limits set forth in the Borrower’s Prospectus or registration statement or allow Indebtedness to exceed the requirements of the 1940 Act.Act.‌‌

Appears in 1 contract

Samples: Credit Agreement

Financial Condition Covenant. Permit (a)Permit the Asset Coverage Ratio to be less than the Minimum Permitted Ratio; or in each case (b) allow Indebtedness of the Borrower to exceed the limits set forth in the Borrower’s Prospectus or registration statement statement; or (c) allow Indebtedness of the Borrower and its Subsidiaries to exceed the requirements of the 1940 Act.

Appears in 1 contract

Samples: Credit Agreement

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