Common use of Minimum Shareholders’ Equity Clause in Contracts

Minimum Shareholders’ Equity. The Borrower will not permit its Shareholders’ Equity at the last day of any fiscal quarter to be less than the greater of (a) $163,800,000 and (b) the sum of (i) $163,800,000 plus (ii) 25% of the net cash proceeds of the sale of Equity Interests of the Borrower after the Effective Date (other than proceeds of any distribution or dividend reinvestment plan) minus (iii) the sum of (A) 25% of the aggregate amount paid or distributed by the Borrower to purchase its shares of common stock in connection with a tender offer after the Effective Date plus (B) 25% of the sum of the Redemption Amount for each quarterly period since the Effective Date.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Assignment and Assumption (Goldman Sachs Private Credit Corp.)

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Minimum Shareholders’ Equity. The Borrower will not permit its Shareholders’ Equity at the last day of any fiscal quarter to be less than the greater of (a) $163,800,000 985,000,000 and (b) an amount equal to the sum of (ix) $163,800,000 985,000,000 plus (iiy) 25% of the net cash proceeds of the sale of Equity Interests of the Borrower after the Effective Date (other than proceeds of any distribution or dividend reinvestment plan) minus (iiiz) the sum of (A) 25% of the aggregate amount paid or distributed by the Borrower to purchase its shares of common stock in connection with a tender offer offers after the Effective Date plus (B) 25% of the sum of the Redemption Amount for each quarterly period since the Effective Date.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp III), Senior Secured Revolving Credit Agreement (Blue Owl Capital Corp III)

Minimum Shareholders’ Equity. The Borrower will not permit its Shareholders’ Equity at the last day of any fiscal quarter to be less than the greater of (ax) $163,800,000 59,000,000 and (by) the sum of (i) an amount equal to $163,800,000 59,000,000, plus (ii) 25% of the net cash proceeds of the sale of Equity Interests of by the Borrower after the Effective Date (other than proceeds of any distribution or dividend reinvestment plan) minus (iii) the sum of (A) 25% of the aggregate amount paid or distributed by the Borrower to purchase its shares of common stock in connection with a tender offer offers after the Effective Date plus (B) 25% of the sum aggregate amount of Equity Interests of the Redemption Amount for each quarterly period since Borrower redeemed, bought back or purchased by the Borrower after the Effective DateDate (other than amounts of common stock purchased in connection with tender offers).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (KKR FS Income Trust)

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Minimum Shareholders’ Equity. The Borrower will not permit its Shareholders’ Equity at the last day of any fiscal quarter to be less than the greater of (a) $163,800,000 1,900,000,000 and (b) an amount equal to the sum of (ix) $163,800,000 1,900,000,000 plus (iiy) 25% of the net cash proceeds of the sale of Equity Interests of the Borrower after the Effective Date (other than proceeds of any distribution or dividend reinvestment plan) minus (iiiz) the sum of (A) 25% of the aggregate amount paid or distributed by the Borrower to purchase its shares of common stock in connection with a tender offer Tender Offer after the Effective Date plus (B) 25% of the sum of the Redemption Amount for each quarterly period since the Effective Date.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Owl Rock Technology Finance Corp.)

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