Undrawn Commitment Amount definition

Undrawn Commitment Amount means, on any day, the amount by which the aggregate principal amount of all Loans outstanding at the close of business on such day is less than the Total Commitment on such day.
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Undrawn Commitment Amount means, as at any date, the Commitment Amount as in effect on such date (it being understood that the Commitment Amount will be reduced by the aggregate amount of all Advances which have been made hereunder through such date, as well as any voluntary or mandatory reductions in accordance with the terms hereof).
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Undrawn Commitment Amount means, with respect to any Remittance Period (or portion thereof during which the Commitments were in effect), the positive difference, if any (expressed in Dollars), between (i) the aggregate Commitments and (ii) the weighted average of Advances Outstanding for each day during such period.
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Examples of Undrawn Commitment Amount in a sentence

  • Commitment Fees on the Undrawn Commitment Amount will be payable commencing on the first applicable Quarterly Payment Date following the issue date of such Increased Commitments.

  • The Borrower shall, subject to Section 11.5(b)(ii)(y), pay to the Class A-R Lenders pursuant to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (the "Commitment Fee") accruing for each day during each Interest Period during the Class A-R Commitment Period at a per annum rate equal to 1.00% of the Undrawn Commitment Amount.

  • From and after the Closing Date until the Construction Commitment Termination Date, the Undrawn Commitment Amount shall bear interest at the rate of three-eighths percent (0.375%) per annum (the “Undrawn Commitment Fee”), payable ratably to each Note Holder in arrears on and to each Payment Date.


More Definitions of Undrawn Commitment Amount

Undrawn Commitment Amount has the meaning set forth in Section 4.10.
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Undrawn Commitment Amount means, at any time, the undrawn amount of all funding commitments provided by holders of Permitted Indebtedness (other than another Credit Party) to the Parent as at such time; provided that, at such time all the conditions to the availability thereof have been satisfied, subject only to the delivery of a drawdown or borrowing request. “U.S. Dollars” and “U.S.$” refer to lawful money of the United States of America.
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