GBSA. (a) No portion of any Loan has been or will be used to finance or refinance, directly or indirectly, any alternative investment fund to which European Directive 2011/61/EU applies and that employs leverage on a “substantial basis” (as defined in Article 111 of Commission Delegated Regulation (EU) No. 231/2013 of 19 December 2012, as amended).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Secured Revolving Credit Agreement (Capital Southwest Corp)
GBSA. (a) No Except for equity investments in Affiliates of the Borrower, no portion of any Loan has been or will be used to finance or refinance, directly or indirectly, any alternative investment fund to which European Directive 2011/61/EU applies and that employs leverage on a “substantial basis” (as defined in Article 111 of Commission Delegated Regulation (EU) No. 231/2013 of 19 December 2012, as amended).
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)
GBSA. Section 3.24 (a) No portion of any Loan has been or will be used to finance or refinance, directly or indirectly, any alternative investment fund to which European Directive 2011/61/EU applies and that employs leverage on a “substantial basis” (as defined in Article 111 of Commission Delegated Regulation (EU) No. 231/2013 of 19 December 2012, as amended).
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp)
