if, as of such date, the Relevant Asset Coverage Ratio is # greater than or equal to 2.00:1:00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments in any single Industry Classification Group that exceeds 25% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 25% figure shall be increased to 27.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 27.5% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate applicable to such excess Value be 0%; # less than 2.00:1:00 and greater than or equal to 1.75:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments in any single Industry Classification Group that exceeds 20% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 20% figure shall be increased to 22.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 22.5% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate applicable to such excess Value be 0%; and # less than 1.75:1:00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments in any single Industry Classification Group that exceeds 15% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the
if, as of such date, the Relevant Asset Coverage Ratio is # greater than or equal to 2.00:1:00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in any single Industry Classification Group that exceeds 25%a consolidated group of corporations or other entities, exceeding 12% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 25% figure shall be increased to 27.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 27.5% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate applicable to such excess Value be 0%; # less than 2.00:1:00 and greater than or equal to 1.75:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in any single Industry Classification Group that exceeds 20%a consolidated group of corporations or other entities, exceeding 10% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 20% figure shall be increased to 22.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 22.5% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate applicable to such excess Value be 0%; and or # less than 1.75:1:00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in any single Industry Classification Group that exceeds 15%a consolidated group of corporations or other entities, exceeding 8% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the
if, as of such date, the Relevant Asset Coverage Ratio is # greater than or equal to 2.00:1:00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in any single Industry Classification Groupa consolidated group of corporations or other entities, in accordance with GAAP, that exceeds 25%6% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 25% figure shall be increased to 27.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 27.5%50% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate applicable to such excess Value be 0%;otherwise applicable; # less than 2.00:1:00 and greater than or equal to 1.75:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in any single Industry Classification Groupa consolidated group of corporations or other entities in accordance with GAAP, that exceeds 20%5% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 20% figure shall be increased to 22.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 22.5%50% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate otherwise applicable to such excess Value be 0%; andor # less than 1.75:1:00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in any single Industry Classification Groupa consolidated group of corporations or other entities in accordance with GAAP, that exceeds 15%4% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to50% of the Portfolio Investments in a single Industry Classification Group from time to time designated by theAdvance Rate otherwise applicable;
if, as of such date, the Relevant Asset Coverage Ratio is # greater than or equal to 2.00:1:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in the Gross Eligible Borrowing Base of all issuers in a Consolidated Group in accordance with GAAP exceeding 12% of the aggregate Value of all Portfolio Investments in the Gross Eligible Borrowing Base, shall be 0%; # less than 2.00:1.00 and greater than or equal to 1.75:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in the Gross Eligible Borrowing Base of all issuers in a Consolidated Group in accordance with GAAP exceeding 10% of the aggregate Value of all Portfolio Investments in the Gross Eligible Borrowing Base shall be 0%; or # less than 1.75:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in the Gross Eligible Borrowing Base of all issuers in a Consolidated Group in accordance with GAAP exceeding 8% of the aggregate Value of all Portfolio Investments in the Gross Eligible Borrowing Base, shall be 0%; # if, as of such date, the Relevant Asset Coverage Ratio is # greater than or equal to 2.00:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in the Gross Eligible Borrowing Base in any single Industry Classification Group that exceeds 25% of the aggregate Value of all Portfolio Investments in the Collateral PoolGross Eligible Borrowing Base, shall be 0%;, provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 25% figure shall be increased to 27.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 27.5% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate applicable to such excess Value be 0%;30%, # less than 2.00:1:1.00 and greater than or equal to 1.75:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in the Gross Eligible Borrowing Base in any single Industry Classification Group that exceeds 20% of the aggregate Value of all Portfolio Investments in the Collateral PoolGross Eligible Borrowing Base, shall be 0%;, provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 20% figure shall be increased to 22.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 22.5% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall the Advance Rate applicable to such excess Value be 0%; and25%, or # less than 1.75:1:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in the Gross Eligible Borrowing Base in any single Industry Classification Group that exceeds 15%20% of the aggregate Value of all Portfolio Investments in the Collateral PoolGross Eligible Borrowing Base, shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the
if, as of such date, the Relevant Asset Coverage Ratio is # greater than or equal to 2.00:1:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in any single Industry Classification Group that exceeds 25%the Gross Eligible Borrowing Base of all issuers in a consolidated group of corporations or other entities (collectively, a “Consolidated Group”) in accordance with GAAP exceeding 6% of the aggregate Value of all Portfolio Investments in the Collateral PoolGross Eligible Borrowing Base, shall be 0%; provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent, such 25% figure shall be increased to 27.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 27.5%50% of the aggregate Value of all Portfolio Investments in the Collateral Pool shall theotherwise applicable Advance Rate applicable to such excess Value be 0%;Rate; # less than 2.00:1:1.00 and greater than or equal to 1.75:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in any single Industry Classification Group that exceeds 20% of the aggregate ValueGross Eligible Borrowing Base of all Portfolio Investments in the Collateral Pool shall be 0%; provided that, with respect to the Portfolio Investmentsissuers in a single Industry ClassificationConsolidated Group from time to time designated by the Borrower to the Administrative Agent, such 20% figure shall be increased to 22.5% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 22.in accordance with GAAP exceeding 5% of the aggregate Value of all Portfolio Investments in the Collateral PoolGross Eligible Borrowing Base, shall be 50% of the otherwise applicable Advance Rate applicable to such excess Value be 0%; andRate; or # less than 1.75:1:1.00, the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments included in any single Industry Classificationthe Gross Eligible Borrowing Base of all issuers in a Consolidated Group that exceeds 15%in accordance with GAAP exceeding 4% of the aggregate Value of all Portfolio Investments in the Collateral PoolGross Eligible Borrowing Base, shall be 0%; provided that, with respect to50% of the Portfolio Investments in a single Industry Classification Group from time to time designated by theotherwise applicable Advance Rate;
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