Example ContractsClausesindustry classification groupVariants
Remove:

For purposes of this Agreement, the Borrower shall assign each Eligible Core Portfolio Investment to an Industry Classification Group as reasonably determined by the Borrower. To the extent that the Borrower reasonably determines that any Eligible Core Portfolio Investment is not adequately correlated with the risks of other Eligible Core Portfolio Investments in an Industry Classification Group, such Eligible Core Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Eligible Core Portfolio Investment.

Industry Classification Groups. For purposes of this Agreement, the BorrowerBorrower, in its reasonable determination, shall assign each Eligible Core Portfolio Investment included in the Borrowing Base to an Industry Classification Group as reasonably determined by the Borrower.Group. To the extent that the Borrower reasonably determines that any Eligible Core Portfolio Investment included in the Borrowing Base is not adequately correlated with the risks of other Eligible Core Portfolio Investments in an Industry Classification Group, such Eligible Core Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Eligible Core Portfolio Investment. In the absence of adequate correlation, the Borrower shall be permitted, upon notice to the Administrative Agent for distribution to each Lender, to create up to three (3) additional industry classification groups for purposes of this Agreement.

Industry Classification Groups. For purposes of this Agreement, the Borrower shall in its reasonable determination assign each Eligible Core Portfolio Investment to an Industry Classification Group as reasonably determined by the Borrower.Group. To the extent that the Borrower reasonably determines that any Eligible Core Portfolio Investment is not adequately correlated with the risks of other Eligible Core Portfolio Investments in an Industry Classification Group,Group established by S&P or MSCI, such Eligible Core Portfolio Investment may be assigned by the Borrower to anthe Industry Classification Group that is moremost closely correlated to such Eligible Core Portfolio Investment. In the absence of any correlation, the Borrower shall be permitted, upon notice to the Administrative Agent and each Lender to create up to three additional industry classification groups for purposes of this Agreement.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.