Eligible Included Unfunded Commitments means, with respect to Included Investors, the aggregate amount that is equal to the Unfunded Commitments of all Included Investors.
Eligible Included Unfunded Commitments means, with respect to Included Investors, the aggregate amount that is equal to the Unfunded Commitments of all Included Investors; provided, however, that in connection with each determination of the Borrowing Base (in accordance with the final paragraph thereof), (a) the Eligible Included Unfunded Commitment of each Included Investor shall be reduced to the extent necessary, if any, so that the Eligible Included Unfunded Commitment of such Included Investor does not exceed the applicable Concentration Limit.
Examples of Eligible Included Unfunded Commitments in a sentence
For purposes of calculating the Borrowing Base (i) the Eligible Portfolio Assets shall be subject to the Portfolio Asset Concentration Limits and such concentration limits shall be applied prior to the application of the applicable advance rates, and (ii), the Eligible Designated Unfunded Commitments and Eligible Included Unfunded Commitments shall be subject to the Investor Concentration Limits and such concentration limits shall be applied prior to the application of the applicable advance rates.