Uncalled Capital Coverage definition

Uncalled Capital Coverage means the result of (a) the Aggregate Unfunded Commitments divided by (b) the aggregate amount of the Revolving Loan Exposure of all Lenders under the Treasury Facility.
View Source

Examples of Uncalled Capital Coverage in a sentence

  • As of any date, no Borrower shall permit the Principal Obligations outstanding to exceed the Minimum Uncalled Capital Coverage Requirement in effect on such date unless a mandatory prepayment is scheduled to be made pursuant to Section 3.4(b)(ii).

  • The applicable Borrower shall elect on a quarterly basis (unless otherwise consented to by Administrative Agent in its sole discretion) the Minimum Uncalled Capital Coverage Requirement, provided, however, in the absence of an election by the applicable Borrower, the Minimum Uncalled Capital Coverage Requirement shall be the Uncalled Capital Borrowing Base.

  • The Borrowers shall ensure that, as of any date, they shall be in compliance with the Minimum Uncalled Capital Coverage Requirement, unless a mandatory prepayment is scheduled to be made pursuant to Section 3.4(b)(ii).

  • The applicable Borrower shall elect on a quarterly basis (unless otherwise consented to by Administrative Agent in its sole discretion) the Minimum Uncalled Capital Coverage RequirementLevel, provided, however, in the absence of an election by the applicable Borrower, the Minimum Uncalled Capital Coverage RequirementLevel shall be the Uncalled Capital Borrowing Base.

  • The applicable Borrower shall elect on a quarterly basis (unless otherwise consented to by Administrative Agent in its sole discretion) the Minimum Uncalled Capital Coverage Level, provided, however, in the absence of an election by the applicable Borrower, the Minimum Uncalled Capital Coverage Level shall be the Uncalled Capital Borrowing Base.

  • The applicable Borrower shall elect (i) on a quarterly basis and (ii) in connection with any Proposed Asset Transfer pursuant to Section 9.20 (in each case, unless otherwise consented to by Administrative Agent in its sole discretion) the Minimum Uncalled Capital Coverage Level,; provided, however, in the absence of an election by the applicable Borrower, the Minimum Uncalled Capital Coverage Level shall be the Uncalled Capital Borrowing Base.

  • The applicable Borrower shall elect (i) on a quarterly basis and (ii) in connection with any Proposed Asset Transfer pursuant to Section 9.20 (in each case, unless otherwise consented to by Administrative Agent in its sole discretion) the Minimum Uncalled Capital Coverage Level, provided, however, in the absence of an election by the applicable Borrower, the Minimum Uncalled Capital Coverage Level shall be the Uncalled Capital Borrowing Base.