Obligors’ Net Worth Test. After the Initial Funding Date, the Borrower will not permit the Obligors’ Net Worth to be less than an amount equal to 80% of the aggregate net proceeds of the IPO.
Appears in 2 contracts
Sources: Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp), Revolving Credit Agreement (MONROE CAPITAL Corp)
Obligors’ Net Worth Test. After the Initial Funding Date, the Borrower will not permit the Obligors’ ' Net Worth to be less than an amount equal to 8075% of the aggregate net proceeds Obligors' Net Worth as of the Initial Funding Date after giving effect to the consummation of the IPO.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)