Minimum Portfolio Leverage. After giving effect to such Loans, the sum of the Net Present Equity Values of all Portfolio Entities which have an FC Percentage of 100% and which do not have an Approved Portfolio Leverage Arrangement shall not be greater than 50% of the Aggregate Net Present Equity Value. All documents, agreements, instruments, certificates, financial statements, legal opinions, analyses, reports and other papers required to be delivered by this Section 6B shall be in form and substance satisfactory to Agent and shall be delivered (with sufficient copies for each of Lenders) to Agent at its Closing Office or as Agent may otherwise direct.
Appears in 3 contracts
Sources: Subordinated Delayed Draw Credit Agreement (Firstcity Financial Corp), Revolving Credit Agreement (Firstcity Financial Corp), Revolving Credit Agreement (Firstcity Financial Corp)