Unfunded Capital Commitments definition

Unfunded Capital Commitments with respect to each Member, the amount of such Member’s Capital Commitment as of any date reduced by the aggregate amount of Capital Contributions made by that Member pursuant to all previous capital calls pursuant to Article IV, and increased by the aggregate amount of Returned Capital by that Member as set forth in Section 6.1(c).
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Unfunded Capital Commitments means irrevocable and unconditional (except for the delivery of notice and other customary ministerial conditions) commitments from a Subscriber to fund capital calls that either (a) have not been called by Guarantor or its affiliates and remain outstanding or (b) have been called and funded and are currently invested in Temporary Investments (defined below), in each case excluding any capital committed to the Fund to purchase Eligible Underlying Loans.
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Unfunded Capital Commitments means, as of any date of determination, all committed and undrawn capital of the of the investors of the Guarantor.
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Examples of Unfunded Capital Commitments in a sentence

  • One hundred percent (100%) of the outstanding Equity Interests of each Holding Vehicle have been validly issued, are fully paid (except with respect to any Unfunded Capital Commitments), and are owned directly or indirectly by a Sponsor Party.

  • One hundred percent (100%) of the outstanding Equity Interests of the Borrower have been validly issued, are fully paid (except with respect to any Unfunded Capital Commitments), and are owned by the Parent as described on Schedule 4.12.

  • One hundred percent (100%) of the outstanding Equity Interests of the Investment Subsidiary have been validly issued, are fully paid (except with respect to any Unfunded Capital Commitments), and are owned by the Borrower as described on Schedule 4.12.

  • The amount and type of each Portfolio Investment, the Capital Commitments, Unfunded Capital Commitments, and Fair Market Value as of the date set forth under the column “NAV Date” on Schedule 4.13 for each Portfolio Investment in the Borrowing Base is set forth in Schedule 4.13.


More Definitions of Unfunded Capital Commitments

Unfunded Capital Commitments means, as of any date, the aggregate amount of the outstanding Capital Commitments of the Borrower and the Subsidiary Guarantors at such date. For purposes of this definition, (i) “Capital Commitment” means the maximum stated amount of cash the Borrower or any Subsidiary Guarantor is, pursuant to the express terms of a written agreement or other written instrument binding upon the Borrower or such Subsidiary Guarantor, irrevocably and unconditionally obligated to contribute to one or more Persons in respect of a capital call commitment for a Portfolio Investment and (ii) “Capital Commitments” that by their terms cannot be called within the three (3) month period subsequent to the relevant Calculation Date shall be excluded from the calculation of Unfunded Capital Commitments.
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