Definition of Portfolio Compliance Certificate

  1. Portfolio Compliance Certificate means a written certificate of the Managing Member signed by a Responsible Officer stating whether or not, as of the date stated therein and for the period covered thereby, the Company satisfied the Permitted Assets Requirement and the Portfolio Requirements (showing all calculations necessary to determine such compliance); provided that, with respect to the certification regarding the asset coverage ratio set forth in Section 5.9(a)(i), such certificate shall be based on the Managing Member's determination as to the fair market value of the Company's Permitted Assets in a manner consistent with the Mark-to-Market Valuation methodology set forth in Section 13.11.

Examples of Portfolio Compliance Certificate in a sentence

  1. Promptly but in any event within five (5) Business Days of a Responsible Officer obtaining actual knowledge of any event resulting in a fifty percent (50%) or greater reduction in the Gross Asset Value for any Permitted Asset having a Gross Asset Value of $25,000,000 or more immediately prior to such event, the Managing Member shall cause to be prepared a Class A Portfolio Compliance Certificate applicable to the period ending on the day after the occurrence of such event.

Definition of Portfolio Compliance Certificate in Restated Limited Liability Company Agreement

Portfolio Compliance Certificate means a written certificate of the Managing Member signed by a Responsible Officer stating whether or not, as of the date stated therein and for the period covered thereby, the Company satisfied the Permitted Assets Requirement and the Portfolio Requirements (showing all calculations necessary to determine such compliance); provided that, with respect to the certification regarding the asset coverage ratio set forth in Section 5.9(a)(i), such certificate shall be based on the Managing Member's determination as to the fair market value of the Company's Permitted Assets in a manner consistent with the Mark-to-Market Valuation methodology set forth in Section 13.11.