Fully Committed definition
Fully Committed means a user member status who is entitled to receive best match class updates in his/her user account, is also entitled to maintain RedPak account and will automatically accept an Optimum Match Class;
Fully Committed means a Fund Investor’s entire Capital Commitment has been contributed as a Capital Contribution and/or, as determined by the General Partner in its sole discretion, reserved for future expenses (including Organizational Expenses, Operating Expenses and fees that are payable to the Fund Operators and their Affiliates), scheduled and unscheduled debt repayments, current and anticipated distributions, anticipated investments (including future funding obligations with respect to existing investments), capital expenditures or follow-on investments by the Fund in Fund Assets or by any Alternative Investment Vehicle in any of its assets obtained or that are subject to a letter of intent or similar written agreement, term sheet or loan application, written agreement in principle, written option, written acquisition agreement or other written definitive agreement to invest (which in any case may be subject to conditions precedent or other provisions with the effect of making such agreement non-binding).
Fully Committed means commitments in respect of sub- projects, approved by the Assembly of Donors regardless of whether a transfer from the Fund Account has been made by the CEB.