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Common use of Obligors’ Net Worth Test Clause in Contracts

Obligors’ Net Worth Test. On and after the Restatement Effective Date, the Borrower will not permit the Obligors’ Net Worth to be less than (i) prior to the OCSI Merger Date, $500,000,000 and (ii) on and after the OCSI Merger Date, $550,000,000.

Appears in 4 contracts

Sources: Senior Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp), Senior Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp), Senior Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp)

Related Clauses

  • Asset Coverage Ratio
  • Minimum Debt Service Coverage Ratio
  • Cash Flow Coverage Ratio
  • Minimum Consolidated Net Worth
  • Minimum Consolidated Tangible Net Worth

Parent Clauses

  • Certain Financial Covenants
  • NEGATIVE COVENANTS
  • Miscellaneous
  • Other Documents
  • Post-Closing Matters

Sub-Clauses

  • Appointment of the Collateral Agent
  • Appointment of the Administrative Agent
  • Appointment
  • No Deemed Waivers; Remedies Cumulative
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