Asset Coverage. The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets.
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the 1940 Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the Charter) each will be met.
Asset Coverage. (a) The Company shall maintain, as of the last day of each month, the 1940 Act Asset Coverage.
Asset Coverage. The Loans to be made to such Borrower are a “senior security representing indebtedness” for purposes of and as defined in Section 18 of the Act. Immediately after the making of each Loan hereunder to such Borrower, the Asset Coverage Ratio of such Borrower shall be at least equal to its Permitted Asset Coverage Ratio.
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the Statement) each will be met.
Asset Coverage. The Company shall maintain, as of the last Business Day of each month, asset coverage (as defined in the 0000 Xxx) with respect to the Senior Securities and Preferred Stock which is equal to or greater than the 1940 Act Asset Coverage.
Asset Coverage. Such Borrower will not at any time permit the aggregate outstanding principal amount of all Loans borrowed hereunder by such Borrower to exceed such Borrower’s Borrowing Limit, except to the extent permitted by Section 2.3 hereof during a Mandatory Prepayment Grace Period.
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the Shares, the 1940 Act AMPS Asset Coverage and the AMPS Basic Maintenance Amount (each as defined in the Fund's Charter) each will be met.
Asset Coverage. As of the Closing Time and assuming the receipt of the net proceeds from the sale of the AMPS, and, with respect to the Preferred Shares Basic Maintenance Amount only, using portfolio holdings and valuations as of the close of business of any day not more than six business days preceding the Closing Time (provided that the total net assets of the Fund as of the Closing Time have not delivered by 5% or more from such valuation date), the 1940 Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the Charter) each will be met.
Asset Coverage. The aggregate outstanding principal amount of Loans made to a Borrower shall exceed an amount equal to 33-1/3% of the Asset Coverage Numerator at such time; or
