Uncalled Commitments definition
Uncalled Commitments means, with respect to a Person the capital commitments of such Person that are unencumbered, have not yet been called and (a) are eligible to be called (i.e., such Person has the right to call such commitments under 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) and (b) are made by institutional investors or “Accredited Investors” (as defined under US securities laws) and in the case of (a) and (b), that (i) are not subject to a proceeding under the Bankruptcy Code or under federal, state or foreign insolvency law and (ii) are not in default under a material provision of their respective subscription agreements.
Uncalled Commitments means the portion of a Compartment's Commitments that has not been drawn down.
Uncalled Commitments means uncalled irrevocable capital commitments from one or more Persons that the relevant Junior Lender reasonably believes satisfy, in the aggregate, the requirements of clause (i) of the definition of “Eligibility Requirements” in this Section 1.