Undrawn Facility Amount definition

Undrawn Facility Amount means the amount equal to (a) the Commitment at such time minus (b) the Total Accrued Loan Amount.
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Undrawn Facility Amount means, at any time, the aggregate amount of the Unused Commitments.
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Undrawn Facility Amount and in subclause (2) hereof shall be deemed to be an amount equal to USD 500,000,000 minus the Aggregate Facility Reduction Amount on such day); divided by (b) the number of days in such Financing Fee Period (or if the 2025 Amendment Date occurs during such Financing Fee Period, the remaining number of days from and including the 2025 Amendment Date to and excluding the last day of such Financing Fee Period, or if the last day of the Post 2025 Amendments Ramp-Up Period occurs during such Financing Fee Period, the remaining number of days from and including the first day in such Financing Fee Period to and including the last day of the Post 2025 Amendments Ramp-Up Period).
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Examples of Undrawn Facility Amount in a sentence

  • Borrower shall pay Lender on each Fee Payment Date an undrawn facility fee (the “Undrawn Facility Fee”) equal to the sum of the amounts, for each day in the relevant Quarterly Period, equal to (i) the product of (A) the Undrawn Facility Amount on such day and (B) the Undrawn Facility Spread divided by (ii) 360.

  • With respect to each day in such Financing Fee Period that occurs during the Ramp-Up Period: (a) The sum, for each day in any Financing Fee Period, of the Undrawn Facility Amount on such day; divided by (b) the number of days in such Financing Fee Period (or if the last day of the Ramp-Up Period occurs during such Financing Period, the number of days from and including the Initial Purchase Date to but excluding the last day of such Financing Fee Period).