Common use of Asset Coverage Clause in Contracts

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.

Appears in 7 contracts

Sources: Credit Agreement (Highland Funds I), Credit Agreement (NexPoint Capital, Inc.), Credit Agreement (LMP Corporate Loan Fund Inc.)

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 1/333% of its Adjusted Net Assets.

Appears in 6 contracts

Sources: Amendment Agreement No. 10 (Baron Select Funds), Amendment Agreement No. 10 (Baron Select Funds), Credit Agreement (Baron Select Funds)

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.

Appears in 5 contracts

Sources: Credit Agreement (Credit Suisse Asset Management Income Fund, Inc.), Credit Agreement (Credit Suisse Asset Management Income Fund, Inc.), Credit Agreement (Credit Suisse Asset Management Income Fund, Inc.)

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 AssetsAssets for more than three (3) consecutive Domestic Business Days.

Appears in 5 contracts

Sources: Credit Agreement (Western Asset Global High Income Fund Inc.), Credit Agreement (Western Asset Premier Bond Fund), Credit Agreement (ClearBridge Energy MLP Total Return Fund Inc.)

Asset Coverage. The Such Borrower will not at any time permit the aggregate amount of its Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% the Applicable Percentage of its Adjusted Net Assets.

Appears in 4 contracts

Sources: Credit Agreement (Putnam Money Market Fund), Credit Agreement (Putnam Diversified Income Trust), Credit Agreement (Putnam Massachusetts Tax Exempt Income Fund/Ma/)

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 Assetstotal assets, less all liabilities and indebtedness not represented by Senior Securities (as such term is defined in the Investment Company Act).

Appears in 3 contracts

Sources: Credit Agreement (Blackrock Floating Rate Income Trust), Credit Agreement (Blackrock Debt Strategies Fund, Inc.), Credit Agreement (Blackrock Corporate High Yield Fund Vi, Inc.)

Asset Coverage. The Such Borrower will not at any time permit the aggregate amount of its Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/333% of its Adjusted Net Assets.

Appears in 1 contract

Sources: Credit Agreement (Allianz Funds)

Asset Coverage. The Borrower will not at any no time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets.

Appears in 1 contract

Sources: Credit Agreement (Goldman Sachs MLP & Energy Renaissance Fund)

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 1/320% of its Adjusted Net Assets.

Appears in 1 contract

Sources: Credit Agreement (Rivernorth Opportunities Fund, Inc.)

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 33-1/3% of its Adjusted Net Assets.

Appears in 1 contract

Sources: Credit Agreement (Credit Suisse High Yield Bond Fund)