Common use of Industry Classification Groups Clause in Contracts

Industry Classification Groups. For purposes of this Agreement, the Borrower shall assign each Portfolio Investment and each asset of each Financing Subsidiary given value in the Borrowing Base calculation to an Industry Classification Group. To the extent that any Portfolio Investment or any such asset is not correlated with the risks of other Portfolio Investments or other such assets in an Industry Classification Group established by Moody’s, such Portfolio Investment or asset may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment or asset, as the case may be. In the absence of any correlation, the Borrower shall be permitted, upon notice to the Administrative Agent and each Lender to create up to three additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower Borrower, in its reasonable determination, shall assign each Portfolio Investment and each asset of each Financing Subsidiary given value included in the Borrowing Base calculation to an Industry Classification Group. To the extent that the Borrower reasonably determines 747507610 22702620 that any Portfolio Investment or any such asset included in the Borrowing Base is not adequately correlated with the risks of other Portfolio Investments or other such assets in an Industry Classification Group established by Moody’sGroup, such Portfolio Investment or asset may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment or asset, as the case may beInvestment. In the absence of any adequate correlation, the Borrower shall be permitted, upon notice to the Administrative Agent and for distribution to each Lender Lender, to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower shall assign each Portfolio Investment and each asset of each Financing Subsidiary given value in the Borrowing Base calculation to an Industry Classification Group. To the extent that any Portfolio Investment or any such asset is not correlated with the risks of other Portfolio Investments or other such assets in an Industry Classification Group established by Moody’s▇▇▇▇▇’▇, such Portfolio Investment or asset may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment or asset, as the case may be. In the absence of any correlation, the Borrower shall be permitted, upon notice to the Administrative Agent and each Lender to create up to three additional industry classification groups for purposes of this Agreement.