Available Capital Commitment definition
Available Capital Commitment means, with respect to the General Partner or any Limited Partner at any time, the excess, if any, of (i) such Person’s Capital Commitment at such time over (ii) the aggregate Capital Contributions made by such Person prior to such time, subject to adjustment as provided in this Agreement. For purposes of this definition, any Person’s aggregate Capital Contributions at any time shall be reduced by the aggregate amount theretofore repaid (as a distribution or otherwise) to such Person as a return during the Commitment Period of Capital Contributions previously made by such Limited Partner, pursuant to Section 6.02(a)(i) or otherwise.
Available Capital Commitment means a Limited Partner’s Capital Commitment less all Capital Contributions made by such Limited Partner.
Available Capital Commitment shall be determined as follows:
Examples of Available Capital Commitment in a sentence
In addition, unless the Available Capital Commitment of any Defaulting Limited Partner is decreased to zero pursuant to Section 5.03(c), an Event of Default by such Defaulting Limited Partner shall not relieve such Limited Partner of its obligation to make Capital Contributions subsequent to such Event of Default.
If any such commitment is received from any existing Limited Partner, subject to the prior written unanimous consent of the Partners (other than the Defaulting Limited Partner), such Limited Partner’s Capital Commitment and Available Capital Commitment shall be increased accordingly.
For the avoidance of doubt, the Partners agree that a Limited Partner shall never be required to make Capital Contributions pursuant to this Section 5.02(c) in excess of its then Available Capital Commitment.
For the avoidance of doubt, the Partners agree that, with respect to any Fund, a Limited Partner having an interest in such Fund shall never be required to make Capital Contributions pursuant to this Section 5.02(c) in excess of its then Available Capital Commitment.
Except as set forth in Section 4.03(b), any Partnership Expense shall be allocated by the General Partner to a Fund, and shall be funded by the Partners having an interest in such Fund, pro rata in accordance with their respective Commitment Percentages applicable to such Fund, however in no event exceeding such Limited Partner’s Available Capital Commitment.
More Definitions of Available Capital Commitment
Available Capital Commitment means, in respect of any Partner, the amount of such Partner's Capital Commitment that has not been used to fund Portfolio Investments.
Available Capital Commitment means, with respect to any Fund, with respect to the General Partner or any Limited Partner having an interest in such Fund at any time, the excess, if any, of (i) such Partner’s Capital Commitment in respect of such Fund at such time over (ii) the aggregate Capital Contributions made by such Partner in respect of such Fund prior to such time, subject to adjustment as provided in this Agreement. For purposes of this definition, any Partner’s aggregate Capital Contributions (with respect to a Fund) at any time shall be reduced by the aggregate amount theretofore repaid (as a distribution or otherwise) to such Partner and/or, in the case of repayments on the principal amounts of Direct Loans, to an Affiliate of such Partner, as a return during the Commitment Period applicable to such Fund of Capital Contributions previously made by such Partner and/or, in the case of Direct Loans, an Affiliate of such Partner, in respect of such Fund, pursuant to Section 6.02(a)(i) or otherwise.
Available Capital Commitment means, with respect to any Shareholder at any time, the excess, if any, of (a) such Shareholder’s Capital Commitment at such time over (b) such Shareholder’s aggregate Capital Contributions made prior to such time, including Capital Contributions to fund Company Expenses but excluding Capital Contributions made by Comcast Shareholder to fund the Management Fee, subject to adjustment as provided in Section 6.03. The calculation prior to July 1, 2018 of each Shareholder’s Available Capital Commitment shall utilize such Shareholder’s Capital Commitment indicated on Schedule I to this Agreement as effective as of January 1, 2016 (but after giving effect to the admission of Comcast Spectacor Shareholder as a Shareholder) and the definition of “Available Capital Commitment” set forth in this Agreement as in effect at such time.
Available Capital Commitment means, with respect to any Shareholder at any time, the excess, if any, of (a) such Shareholder’s Capital Commitment at such time over (b) such Shareholder’s aggregate Capital Contributions made prior to such time (including Capital Contributions to fund Company Expenses, but excluding Capital Contributions made by Comcast Shareholder to fund the Management Fee), subject to adjustment as provided in Section 6.03.
Available Capital Commitment of any Partner means, as of any date, such Partner’s Capital Commitment minus the aggregate amount of Capital Contributions made by such Partner prior to such date (not including any Capital Contributions returned to such Partner pursuant to Section 3.1(d) or Section 3.2(e)) plus an amount equal to any Capital Proceeds that are actually distributed during the Investment Period pursuant to Article V and as otherwise adjusted in this Agreement.
Available Capital Commitment means, with respect to the General Partner or any Investor at any time, the excess, if any, of (a) such Person’s Capital Commitment at such time over (b) such Person’s aggregate Capital Contributions made prior to such time, subject to adjustment as provided in this Agreement. For purposes of this definition, any Person’s aggregate Capital Contributions at any time shall be reduced by the aggregate amount theretofore repaid (as a distribution or otherwise) to such Person: (i) as a return of Realized Invested Capital in respect of any Interim Financing; provided that such Realized Investment Portion is realized within 18 months after the making of such Interim Financing; (ii) as a result of the Investment, in respect of which such Capital Contribution was made, having been made in a lesser amount than the Investment Drawdown Amount specified in the applicable Drawdown Notice so long as the repayment is effected as soon as practicable after such Investment is made; (iii) as a return of capital in respect of Management Fees pursuant to Section 6.02(a)(i)(D) or (E) as a return of capital pursuant to Section 1.07(f).
Available Capital Commitment means, with respect to any Fund, with respect to the General Partner or any Limited Partner having an interest in such Fund at any time, the excess, if any, of (i) such Person’s Capital Commitment in respect of such Fund at such time over (ii) the aggregate Capital Contributions made by such Person in respect of such Fund prior to such time, subject to adjustment as provided in this Agreement. For purposes of this definition, any Person’s aggregate Capital Contributions (with respect to a Fund) at any time shall be reduced by the aggregate amount theretofore repaid (as a distribution or otherwise) to such Person as a return during the Commitment Period applicable to such Fund of Capital Contributions previously made by such Limited Partner in respect of such Fund, pursuant to Section 6.02 (a)(i) or otherwise.