Net Uncalled Capital Commitments definition
Net Uncalled Capital Commitments means the positive difference between (i) Uncalled Capital Commitments and (ii) the outstanding balance of the revolving credit facility that is secured by a lien on such Uncalled Capital Commitments, and “Uncalled Capital Commitments” shall mean the cash amount of capital commitments of Guarantor that have not yet been called and (a) are required to be contributed to Guarantor by the constituent limited partners thereof pursuant to the investment fund constituent documents without having to comply with or satisfy any conditions precedent (other than notification that the required portion of their commitments are being called), excluding any portion of such commitment that expires within 30 days from the date of determination and (b) are made by institutional investors or “Accredited Investors” (as defined under the Securities Act of 1933) that (i) are not subject to a proceeding under the Bankruptcy Code (as defined below), (ii) are not in default under a material provision of their respective subscription agreements, (iii) are not disqualified investors under the respective subscription agreements, the limited partnership agreement of Guarantor or any other agreement relating to the making of such capital 12