Unfunded Amount definition

Unfunded Amount means, at any time, the sum of (i) the aggregate Exposure Amount at such time plus (ii) the aggregate Unsettled Amount at such time.

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Unfunded Amount means, with respect to any Collateral Loan, as of any date of determination, the unfunded commitment of the Borrower with respect to such Collateral Loan as of such date.

Unfunded Amount shall have the meaning specified in Section 3.2 of the Agency Agreement.

Examples of Unfunded Amount in a sentence

At any time after the end of the Reinvestment Period, all distributions in respect of principal payable under any Revolving Collateral Loan received by the Collateral Agent shall be immediately deposited into the applicable Future Funding Reserve Account but only up to and until the amount on deposit in such Future Funding Reserve Account is equal to the amount of the aggregate Unfunded Amount in the applicable Currency.
For the avoidance of doubt, on any date following the Reinvestment Period, amounts on deposit in the Future Funding Reserve Account for any Currency shall be equal to or greater than the Unfunded Amount with respect to such Currency existing at such time.
Notwithstanding the foregoing, the amount of all funds on deposit in any Future Funding Reserve Account on any date that exceeds the aggregate Unfunded Amount in the applicable Currency on such date shall be transferred to the applicable Collection Account on such date and applied as Principal Proceeds.

More Definitions of Unfunded Amount

Unfunded Amount means, with respect to any Revolving Obligation or Delayed Drawdown Collateral Obligation, the excess, if any, of (i) the Commitment Amount under such Revolving Obligation or Delayed Drawdown Collateral Obligation, as the case may be, at such time over (ii) the Funded Amount thereof at such time.

Unfunded Amount means, with respect to any Collateral Loan, as of any date of determination, the Dollar Equivalent of the unfunded commitment of the Borrower with respect to such Collateral Loan as of such date.

Unfunded Amount means, with respect to any Revolving Loan or Enterprise Loan, as of any date of determination, the unfunded notional commitment of the Borrower with respect to such Revolving Loan or Enterprise Loan, as applicable.

Unfunded Amount has the meaning set forth in Section 4.2(b).

Unfunded Amount means, with respect to any Collateral Asset, as of any date of determination, the unfunded commitment of the Borrower with respect to such Collateral Asset as of such date that is not subject to any conditionality (other than (i) the representations and warranties being true and correct at the time of borrowing, (ii) no default or event of default existing immediately prior to or after the time of borrowing, (iii) pro forma compliance with a financial covenant at the time of borrowing and/or (iv) the delivery of a borrowing notice or the taking of other administrative steps (including having the borrowing occur prior to a certain date)).

Unfunded Amount. As of any date means all amounts due in respect of any Collateral Obligations that the Issuer has entered into a binding commitment to originate or purchase but has not yet settled.

Unfunded Amount means the sum of (a) the Portfolio Exposure Amount and (b) all amounts due for unsettled purchases of Collateral Obligations at such time.