Common use of Asset Coverage Ratio Clause in Contracts

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.

Appears in 48 contracts

Sources: Senior Secured Credit Agreement (BlackRock Private Credit Fund), Senior Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Senior Secured Revolving Credit Agreement (Fidelity Private Credit Co LLC)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.00 to 1 at any time.

Appears in 36 contracts

Sources: Senior Secured Revolving Credit Agreement (THL Credit, Inc.), Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Credit Agreement (Ares Capital Corp)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.25 to 1 at any time.

Appears in 15 contracts

Sources: Senior Secured Revolving Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.00 to 1 1.00 at any time.

Appears in 7 contracts

Sources: Senior Secured Credit Agreement (FS Energy & Power Fund), Amendment No. 1 and Waiver (FS Energy & Power Fund), Senior Secured Revolving Credit Agreement

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.10 to 1 at any time.

Appears in 6 contracts

Sources: Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp.), Senior Secured Revolving Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (Medley Capital Corp)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.252.10 to 1 at any time.

Appears in 5 contracts

Sources: Senior Secured Revolving Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Senior Secured Revolving Credit Agreement (THL Credit, Inc.)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time, calculated in accordance with U.S. GAAP.

Appears in 4 contracts

Sources: Senior Secured Credit Agreement (SLR Investment Corp.), Senior Secured Credit Agreement (SLR Investment Corp.), Senior Secured Credit Agreement (SLR Investment Corp.)

Asset Coverage Ratio. The Such Borrower will not permit the its Asset Coverage Ratio to be less than 1.50 2.00 to 1 1.00 at any time.

Appears in 4 contracts

Sources: Senior Secured Revolving Credit Agreement (FS Investment Corp III), Senior Secured Revolving Credit Agreement (FS Investment Corp II), Senior Secured Revolving Credit Agreement (Corporate Capital Trust, Inc.)

Asset Coverage Ratio. The Borrower will not not, at any time, permit the Asset Coverage Ratio to be less than 1.50 2.5 to 1 at any time1.0.

Appears in 2 contracts

Sources: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Oil & Gas, LP)

Asset Coverage Ratio. The Borrower will shall not permit the Asset Coverage Ratio to be less than 1.50 to 1 1.75:1.00 at any time.

Appears in 2 contracts

Sources: Credit Agreement (Virtus Investment Partners, Inc.), Credit Agreement (Virtus Investment Partners, Inc.)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.00 to 1 at any time, calculated in accordance with U.S. GAAP.

Appears in 2 contracts

Sources: Senior Secured Credit Agreement (Solar Capital Ltd.), Senior Secured Credit Agreement (Solar Capital Ltd.)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 1.00 at any time.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Franklin BSP Capital Corp)

Asset Coverage Ratio. The Borrower will shall not permit the Asset Coverage Ratio at any time to be less than 1.50 to 1 at any time1.00.

Appears in 1 contract

Sources: Loan and Security Agreement (K-Sea Transportation Partners Lp)

Asset Coverage Ratio. The Borrower will not shall not, as of any Asset Coverage Test Date, permit the Asset Coverage Ratio to be less than 1.50 1.5 to 1 at any time1.00.

Appears in 1 contract

Sources: Credit Agreement (Callon Petroleum Co)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 150% at any time.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (AGL Private Credit Income Fund)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.001.80 to 1 11.00 at any time.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Capitala Finance Corp.)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 2.00: 1.00 at any time.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Stellus Capital Investment Corp)

Asset Coverage Ratio. The Borrower will not Not permit the Asset Coverage Ratio to be less than 1.50 2 to 1 at any time.

Appears in 1 contract

Sources: Credit Agreement (American Capital Strategies LTD)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 3.5 to 1 at any time.

Appears in 1 contract

Sources: Credit Agreement (Fifth Street Finance Corp)

Asset Coverage Ratio. The Borrower will shall not permit the Asset Coverage Ratio to be less than 1.50 2.00 to 1 1.00 at any time.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Credit Suisse Park View BDC, Inc.)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.. [[60787996351539]]

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Blackstone Secured Lending Fund)

Asset Coverage Ratio. The Borrower will not permit the its Asset Coverage Ratio Ratio, determined at the end of each of its fiscal quarters, to be less than 1.50 1.45 to 1 at any time1.00.

Appears in 1 contract

Sources: Credit Agreement (Matrix Service Co)

Asset Coverage Ratio. The Borrower will not permit the its Asset Coverage Ratio to be less than 1.50 1.5 to 1 at any time1.0.

Appears in 1 contract

Sources: Credit Agreement (Cabot Oil & Gas Corp)

Asset Coverage Ratio. The Borrower will not permit the its Net Asset Coverage Ratio to be less than 1.50 10 to 1 at any time1.

Appears in 1 contract

Sources: Credit Agreement (Kemper High Income Trust)

Asset Coverage Ratio. The Borrower will not Not permit the Asset Coverage Ratio to be less than 1.50 1.25 to 1 1.00 at any time.

Appears in 1 contract

Sources: Credit Agreement (Celadon Group Inc)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 21.0065 to 1 at any time.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (THL Credit, Inc.)

Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 2.00 to 1 at any time1.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)