UNPAID COMMITMENT definition

UNPAID COMMITMENT means, (a) with respect to the BOCP at a given point in time, the sum of BOCP's Unpaid Debt Commitment and Unpaid Equity Commitment, and (b) with respect to EnCap at a given point in time, EnCap's Unpaid Equity Commitment.
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UNPAID COMMITMENT means, in respect of any Partner and as of any date, the amount of such Partner’s Commitment as of such date, minus the aggregate amount of such Partner’s Capital Contributions to the Partnership as of such date.
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UNPAID COMMITMENT means, with respect to any Member at a given point in time, A minus B, where “A” is equal to the Member’s Capital Commitment and “B” is equal to the aggregate Capital Contributions previously made to the Company by the Member under Article 3, as adjusted from time to time in accordance with Section 3.2(b) (as a result of distributions that increase such Member’s Unpaid Commitment) and subject to adjustment as contemplated in applicable provisions of this Agreement.
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Examples of UNPAID COMMITMENT in a sentence

  • The Company shall notify the Members in each distribution notice of the portion of such distribution, if any, that will increase each Member’s Unpaid Commitment pursuant to this Section 3.2(b).

  • The Administrative Agent shall maintain a list (the “Member List”) setting forth, with respect to each Member, such Member’s name, address, Capital Commitment, Capital Contributions, Unpaid Commitment and such other information as the Administrative Agent may deem necessary or desirable or as required by the Act.

  • Capital Contributions shall be made by all Members pro rata based on their respective Capital Commitments; provided that in no event shall the Members be required to make a Capital Contribution to the Company pursuant to a Call Notice that exceeds the respective Member’s Unpaid Commitment.