Funded Commitment definition

Funded Commitment. As defined in Section 3.2(a).

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Funded Commitment means, with respect to any Partner and each Capital Commitment, such Partner’s aggregate Capital Contributions previously made in respect of such Capital Commitment.

Funded Commitment means, in respect of a Partner, the amount of Invested Capital (calculated without the effect of the Adjustment Factor), whether or not returned to such Partner, attributable to Investments which, at the date of determination, have not been the subject of a Disposition; provided that, such amount shall not include any amount distributed to Partners pursuant to Section 4.8(b).

Examples of Funded Commitment in a sentence

• Any amounts that are required to be withheld by the Partnership with respect to a Partner which are in excess or in advance of distributions to such Partnership shall be paid over by such Partner to the Partnership and shall not reduce the Unfunded Commitment or increase the Funded Commitment of such Partner.

• The Funded Commitment of any Partner having Units redeemed pursuant to the preceding sentence shall be reduced by the amount received by such Partner for the Units redeemed, such Partner's Unfunded Commitment shall be increased by such amount, and such Partner shall remain obligated to purchase additional Units at the price per share provided for in its Subscription Agreement to the full extent of its Unfunded Commitment as so increased.

• The parties hereto agree that the aggregate fair market value of the Warrant on the date hereof is $2.84 per Warrant Share and that such amount of the Holder’s Funded Commitment Amount will be allocable to the Holder’s Warrants ratably on the basis of the number of Warrant Shares with the balance of the Funded Commitment Amount allocable to the Holder’s shares of Series B-3 Preferred Stock for U.S. federal, and applicable state and local, income tax purposes.

• The aggregate amount of Capital Contributions made by a Partner (in cash or property) is referred to herein as such Partner's "Funded Commitment", and the portion of the Capital Commitment provided for in any Subscription Agreement that remains unpaid after any closing of a purchase and issuance of Units thereto shall be referred to as the "Unfunded Commitment" of the Partner party to such Subscription Agreement.

• The Funded Commitment of any Partner having OP Units redeemed pursuant to the preceding sentence shall be reduced by the amount received by such Partner for the OP Units redeemed, such Partner’s Unfunded Commitment shall be increased by such amount, and such Partner shall remain obligated to purchase additional OP Units at the price per share provided for in its Subscription Agreement to the full extent of its Unfunded Commitment as so increased.

• The Company shall have duly executed the Funded Commitment Facility Escrow Agreement, substantially in the form of Exhibit L annexed hereto.

• The Funded Commitment of any Partner having Units redeemed pursuant to the preceding sentence shall be reduced by the amount received by such Partner for the Units redeemed, such Partner’s Unfunded Commitment shall be increased by such amount, and such Partner shall remain obligated to purchase additional Units at the price per share provided for in its Subscription Agreement to the full extent of its Unfunded Commitment as so increased.

• Purchasers shall have received irrevocable instructions from the Company to direct funds to accounts maintained pursuant to the Interest Escrow Security Agreement and the Funded Commitment Facility Agreement.

• The General Partner shall in good faith make all determinations as to the amount required to fund an Operating Company and the amount of each Partner’s Funded Commitment attributable to each Fund Asset.

• The Deposit Funded Commitment Fee due to each Deposit Funded Lender shall commence to accrue on and including the Closing Date and shall cease to accrue on, but excluding, the date on which such Commitment of such Lender shall expire or be terminated as provided herein.

More Definitions of Funded Commitment

Funded Commitment means, in respect of a Limited Partner at any time: (a) the sum of all amounts contributed by such Limited Partner to the Partnership at or before such time, less (b) any portion of the amount described in subsection (a) that is returned to such Limited Partner provided that such amount has been returned with the intent that the General Partner can re-call any such returned amount during the term of the Partnership.

Funded Commitment means the amount of the Commitment less the aggregate principal amount of Retained Bonds held by or on behalf of the Issuer;

Funded Commitment. As defined in Section 3.2(a). “GAAP”: Generally accepted accounting principles in the United States, consistently applied. “GM Investor Rights Agreement”: The Amended and Restated Investor Rights Agreement, dated as of December 23, 2003, among Hines, the Partnership, NY Trust, General Motors Investment Management Corporation and the other Persons party thereto. “Gross Asset Value”: With respect to any Partnership asset, the asset’s adjusted basis for federal income tax purposes, except as follows: (i) The initial Gross Asset Value of any asset contributed by a Partner to the Partnership shall be the gross fair market value of such asset, as determined by the Managing General Partner and agreed to by the Contributing Partner; (ii) The Gross Asset Value of all Partnership assets shall be adjusted to equal their respective gross fair market values, as determined by the Managing General Partner (which determination shall be based upon, and consistent with, the most recent Current Market Values), as of the following times: (a) the acquisition of an additional interest in the Partnership by any new or existing Partner in exchange for more than a de minimis Capital Contribution; (b) the distribution by the Partnership to a Partner of more than a de minimis amount of Partnership property as consideration for an interest in the Partnership; (c) the

Funded Commitment means the amount of Capital Contributions, whether or not returned to the Partners, invested by the Partnership in the Project which, at the date of determination, have not been the subject of a Disposition.

Funded Commitment means as to each Lender, the amount of Loans advanced by such Lender and evidenced by a Note or acquired by such Lender as set forth in the applicable Assignment and Acceptance Agreement as being assigned to such Lender, or as adjusted as appropriate to reflect any assignments to or by such Lender of such Notes effected in accordance with Section 12.5.