Common use of Minimum Shareholders’ Equity Clause in Contracts

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million.

Appears in 2 contracts

Sources: Note Purchase Agreement (CION Investment Corp), Note Purchase Agreement (CION Investment Corp)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million560,000,000 plus 25% of the net proceeds from the sale of Equity Interests by the Company and its Subsidiaries after the Execution Date, other than proceeds of sales of Equity Interests by and among the Company and its Subsidiaries.

Appears in 2 contracts

Sources: Master Note Purchase Agreement (TPG Twin Brook Capital Income Fund), Master Note Purchase Agreement (AG Twin Brook Capital Income Fund)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million392,759,890 plus 75%, of the net proceeds of the sale of Equity Interests by the Company after March 18, 2025.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Runway Growth Finance Corp.)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 190,710,000 million, plus 50% of the net proceeds of the sale of Equity Interests by the Company after August 7, 2018 (other than proceeds of sales of Equity Interests by and among the Company and its Subsidiaries).

Appears in 1 contract

Sources: Note Purchase Agreement (WhiteHorse Finance, Inc.)

Minimum Shareholders’ Equity. The Company Borrower will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company Borrower to be less than US $543.6 million.

Appears in 1 contract

Sources: Unsecured Term Loan Facility Agreement (CION Investment Corp)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million195,144,000, plus 50% of the net proceeds of the sale of Equity Interests by the Company after October 20, 2020 (other than proceeds of sales of Equity Interests by and among the Company and its Subsidiaries).

Appears in 1 contract

Sources: Note Purchase Agreement (WhiteHorse Finance, Inc.)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million643,500,000.

Appears in 1 contract

Sources: Note Purchase Agreement (Hercules Capital, Inc.)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Company (excluding issuances pursuant to any equity or compensation plan or on account of any convertible debt) after the Closing Date.

Appears in 1 contract

Sources: Master Note Purchase Agreement (North Haven Private Income Fund LLC)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million195,144,000, plus 50% of the net proceeds of the sale of Equity Interests by the Company after December 4, 2020 (other than proceeds of sales of Equity Interests by and among the Company and its Subsidiaries).

Appears in 1 contract

Sources: Note Purchase Agreement (WhiteHorse Finance, Inc.)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million60% of Shareholders’ Equity at the last day of the prior fiscal quarter of the Company plus 25% of the net proceeds of the sale of Equity Interests by the Company and its Subsidiaries in the prior fiscal quarter.

Appears in 1 contract

Sources: Master Note Purchase Agreement (New Mountain Guardian III BDC, L.L.C.)

Minimum Shareholders’ Equity. The Company will not permit Shareholders’ Equity at the last calendar day of any fiscal quarter of the Company to be less than $543.6 million199,650,000, plus 50% of the net proceeds of the sale of Equity Interests by the Company after December 6, 2021 (other than proceeds of sales of Equity Interests by and among the Company and its Subsidiaries).

Appears in 1 contract

Sources: Note Purchase Agreement (WhiteHorse Finance, Inc.)