Asset Coverage. The Borrower will not (a) at the time of making any borrowing of any Loan hereunder permit the aggregate amount of Senior Securities Representing Indebtedness to exceed the Adjusted Net Asset Limit or (b) at any time permit the amount of its Total Liabilities that are Senior Securities Representing Indebtedness to exceed 38% of Adjusted Net Assets (the “Asset Coverage Test”).
Appears in 5 contracts
Sources: Amendment Agreement No. 6 to Amended and Restated Credit Agreement (Blackrock Floating Rate Income Strategies Fund, Inc.), Amendment Agreement No. 1 to Amended and Restated Credit Agreement (Blackrock Floating Rate Income Strategies Fund, Inc.), Credit Agreement (Blackrock Floating Rate Income Trust)