Unfunded Commitment Amount definition

Unfunded Commitment Amount shall have the meaning given to such term in Section 2.2(b) of the Agreement.
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Unfunded Commitment Amount means, as of any date of determination, the sum of (i) the Commitment Amount, less (ii) the aggregate principal amount of all Additional Notes purchased.
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Unfunded Commitment Amount means, with respect to each Investor and as of any time of determination, an amount equal to the Unfunded Equity Commitment Amount set forth opposite the name of each such Investor on Exhibit A hereto (as it may be reduced from time to time as a result of any amounts contributed by such Investor to the Partnership after the Effective Date pursuant to Section 4.1(e)); provided, however, that from and after the earliest to occur of (a) the eighteen (18) month anniversary of the Effective Date, (b) the occurrence of a Partnership Change in Control and (c) the breach by the Partnership of any of its material obligations under this Agreement or material obligations under the applicable Unit Purchase Agreement that is not cured within fifteen (15) Business Days following receipt by the Partnership of written notice from one or more Investors notifying the Partnership of such breach (except in respect of any Protective Provision Default arising in respect of Section 6.2(d)(iv), in respect of which there shall be no such notice or cure period) (the period following receipt of such notice and prior to the earlier of such cure and the expiration of such period of fifteen (15) Business Days, the “Breach Cure Period”), the Unfunded Commitment Amount of each Investor shall be deemed to be $0.00; provided, however, that written notice of such breach from any one Investor shall be deemed given by all other Investors. For the avoidance of doubt, the issuance of any PIK Units to any Investor will not reduce the Unfunded Commitment Amount of such Investor.
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Examples of Unfunded Commitment Amount in a sentence

  • Any Person admitted to the Partnership as a Partner following the Transfer of Units from a Partner shall succeed to all of the rights, duties and obligations of its Transferor under this Agreement; provided that any such Transfer by a Partner shall not (i) relieve such Partner of its duties and obligations under this Agreement for periods prior to such Transfer or (ii) relieve any Investor of its obligations under Section 4.1(e) with respect to its Unfunded Commitment Amount.

  • On each Interest Payment Date prior to the Commitment Termination Date, if applicable, a commitment fee (each a “Commitment Fee” and collectively, the “Commitment Fees”) shall be paid by Borrower to Purchaser or any designee of Purchaser, in immediately available funds by wire transfer to accounts designated by Purchaser or designee prior to such Interest Payment Date, in an equal to one percent (1.0%) per annum of the Unfunded Commitment Amount on such Interest Payment Date.

  • Following each Subsequent Closing, Schedule A shall be revised to reflect the Remaining Unfunded Commitment Amount, if any, of each Purchaser.

  • Following the Initial Closing, Schedule A shall be revised to reflect the Remaining Unfunded Commitment Amount, if any, of each Purchaser.

  • NB desires to become a party to the Credit Agreement and to assume a $24,000,000 portion of the Total Commitment, being the entire Unfunded Commitment Amount.


More Definitions of Unfunded Commitment Amount

Unfunded Commitment Amount means the unfunded percentage of the Commitment (as such term is defined in the Note Purchase Agreement) pursuant to the Note Purchase Agreement.
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Unfunded Commitment Amount shall have the meaning set forth in Schedule 14(d).
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Related to Unfunded Commitment Amount

  • Unfunded Commitment means, with respect to each Lender, the Revolving Commitment of such Lender less its Revolving Exposure.

  • Unfunded Commitments means legally binding investment commitments that are tracked and recorded by the institution's financial reporting system.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Unfunded Exposure Amount means, as of any date of determination, with respect to a Delayed Draw Loan Asset or a Revolving Loan, as applicable, an amount equal to the aggregate amount of all unfunded commitments associated with such Loan Asset as of such date.