Undrawn Capital Commitment definition

Undrawn Capital Commitment. . . . . . means, in relation to any Fund Investment of the Asset-

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Undrawn Capital Commitment means, with respect to a Member, the amount of such Member’s Capital Commitment as of any date reduced by the aggregate amount of contributions made by that Member at all previous Capital Drawdown Dates.

Undrawn Capital Commitment means, with respect to a Member, an amount (not less than zero) equal to (x) the amount of such Member’s Capital Commitment minus (y) the amount of such Member’s Capital Contributions.

Examples of Undrawn Capital Commitment in a sentence

• The transferee of Common Units transferred pursuant to this Article 9 that is admitted to the Company as a substituted Member shall succeed to the rights and liabilities of the transferor Member with respect to such interest and, after the effective date of such admission, the Capital Commitment and Undrawn Capital Commitment of the transferor shall become the Capital Commitment and Undrawn Capital Commitment, respectively, of the transferee.

• Any amounts so reinvested will not reduce a Member’s Undrawn Capital Commitment.

• Each Member agrees and acknowledges that any dividends received by the Member shall have no effect on the amount of the Member’s Undrawn Capital Commitment.

• Each Member will be required to make capital contributions (up to the amount of its Undrawn Capital Commitment) to purchase Common Units each time the Company delivers a drawdown notice (a “Drawdown Notice”).

More Definitions of Undrawn Capital Commitment

Undrawn Capital Commitment means: (i) when used in the context of any Partner at a particular time, the amount of such Partner’s Capital Commitment at such time which has not been requested of such Partner in a Drawdown Notice or required to be contributed pursuant to a Subscription Agreement, in each case prior to such time, plus: (A) the amount of the Capital Contribution of such Partner that is attributable to the funding of a potential Portfolio Asset that was not completed, to the extent such amount is returned to such Partner during the Commitment Period; (B) the amount of the Capital Contribution of such Partner that is attributable to the funding of a Portfolio Asset, to the extent the amount required for completion is reduced and the amount of excess Capital Contribution of such Partner is returned to such Partner during the Commitment Period; (C) the amount of Committed Capital Returns received by a Limited Partner pursuant to Section 7.2(c); and (D) amounts subject to reinvestment pursuant to Section 7.6; (ii) when used in any other context, the aggregate of Undrawn Capital Commitments of all Partners at such time.