Obligors’ Net Worth Test. The Borrower will not permit the Obligors’ Net Worth at any time to be less than an amount equal to the greater of (a) 65% of the Obligors’ Net Worth as of the Effective Date or (b) $100,000,000, at any time.
Appears in 3 contracts
Sources: Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.), Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.), Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.)
Obligors’ Net Worth Test. The Borrower will not permit the Obligors’ Net Worth at any time to be less than an amount equal to the greater lesser of (ai) 65$175,000,000, and (ii) $160,000,000 plus 100% of the Obligors’ Net Worth as aggregate net cash proceeds of all sales of Equity Interests by the Borrower after the Effective Date or (b) $100,000,000, at any timeDate.
Appears in 2 contracts
Sources: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)