Unfunded Exposure Amount definition

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.

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Unfunded Exposure Amount. As of any date of determination, an amount equal to the aggregate amount (without duplication) of all unfunded commitments associated with the Loans.

Unfunded Exposure Amount means, as of any date of determination, an amount equal to the aggregate amount of all Exposure Amounts.

Examples of Unfunded Exposure Amount in a sentence

Neither the Collateral Agent nor the Collateral Administrator shall have any obligation to determine or calculate any Net Asset Value, the Borrowing Base Test, the Unfunded Exposure Amount, the Unfunded Exposure Shortfall Amount, any Market Value, and shall be entitled to conclusively rely upon such amounts as calculated by the Portfolio Manager or the Administrative Agent as applicable, in accordance with this Agreement.
At any time, the Servicer (or, after delivery of a Notice of Exclusive Control, the Collateral Agent acting at the direction of the Administrative Agent) may cause any amounts on deposit in the Unfunded Exposure Account which exceed the Unfunded Exposure Amount as of any date of determination to be deposited into the Principal Collection Account as Principal Collections.
Neither the Collateral Agent nor the Collateral Administrator shall have any obligation to determine or calculate any Net Asset Value, the Borrowing Base Test, Net Leverage Ratio, Reported Value, the Unfunded Exposure Amount, the Unfunded Exposure Shortfall Amount, the Non-Traded Asset Value or any Market Value, and shall be entitled to conclusively rely upon such amounts as calculated by the Portfolio Manager or the Administrative Agent as applicable, in accordance with this Agreement.
On or prior to the last day of the Reinvestment Period, the Borrower shall fund an amount equal to the Unfunded Exposure Amount into the Unfunded Exposure Account.

More Definitions of Unfunded Exposure Amount

Unfunded Exposure Amount means, on any date of determination, with respect to any Delayed Funding Term Loan or Revolving Loan, an amount equal to the aggregate amount of all unfunded commitments (in the case of unfunded commitments denominated in CAD, Euro and GBP, converted to USD at the Spot Rate on such date of determination) associated with such Delayed Funding Term Loan or Revolving Loan, as applicable; provided that, on the last day of the Reinvestment Period, the Unfunded Exposure Amount of any Revolving Loan shall be an amount equal to the aggregate amount of all potential future funding commitments with respect thereto.

Unfunded Exposure Amount means, as of any date of determination, the amount, if any, by which (i) the aggregate of all Exposure Amounts exceeds (ii) the amount on deposit in the Unfunded Exposure Account.

Unfunded Exposure Amount means, on any date of determination, the sum (determined on a traded basis), with respect to each Delayed Funding Term Loan or Revolving Loan, of an amount equal to the aggregate amount of all unfunded commitments (in the case of unfunded commitments denominated in any Permitted Non-USD Currency, converted to USD at the Spot Rate on such date of determination) associated with such Delayed Funding Term Loan or Revolving Loan, as applicable.

Unfunded Exposure Amount has the meaning specified in Annex C.

Unfunded Exposure Amount means, as of any date of determination with respect to any Revolving Loan or Delayed Drawdown Loan that is a Collateral Asset, the sum of the unfunded commitments and all other standby or contingent commitments associated with such Collateral Asset as of such date. The Unfunded Exposure Amount shall not include any commitments under such Revolving Loan or Delayed Drawdown Loan that have expired, terminated or been reduced to zero, and shall be reduced concurrently (and upon notice thereof to the Administrative Agent and the Collateral Administrator) with each documented reduction in commitments of the Borrower under such Revolving Loan or Delayed Drawdown Loan.

Unfunded Exposure Amount. As of any date of determination, an amount equal to the excess, if any, of (i) the aggregate amount (without duplication) of all unfunded commitments of the Loan Parties associated with the Loans over (ii) the amount on deposit in the Unfunded Exposure Account.

Unfunded Exposure Amount means on any date of determination, with respect to any Delayed Drawdown Collateral Loans, the aggregate amount (without duplication) of all unfunded commitments of the Borrower pursuant to such Delayed Drawdown Collateral Loan.