Undrawn Commitments definition

Undrawn Commitments means, collectively, the unfunded portions of the Revolving Loan Commitment, together with the undrawn amount of all Incremental Facility Commitments issued hereunder.
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Undrawn Commitments means, for any day, the Total Revolving Credit Commitments less the Total Outstandings plus the aggregate principal amount of all outstanding Swingline Advances for such day after giving effect to all reductions, advances, repayments and prepayments made on such day.
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Examples of Undrawn Commitments in a sentence

  • Common Unitholders agree to purchase Common Units for an aggregate purchase price equal to their respective Undrawn Commitments, payable at such times and in such amounts as required by the Company following receipt of the required notice, as described below.

  • Such Common Units will be issued through drawdowns on specific Drawdown Dates or Catch-Up Dates, with Common Unitholders required to contribute all or a portion of their Undrawn Commitments in exchange for Common Units as set forth in this Agreement.

  • Any portion of distributions made by the Company to the Common Unitholders during the Investment Period which represents a return of such Common Unitholders’ capital contributions to the Company, as determined by the Board (each such amount, “Returned Capital”), shall increase the Common Unitholders’ Undrawn Commitments and may be drawn down by the Company as provided in this Agreement.

  • Drawdown Purchases will generally be made pro rata, in accordance with Undrawn Commitments of all Members.

  • Such loans may also, in the discretion of the Managing Member, be secured by, including by way of mortgage, pledge, charge, assignment of or the granting of any security interests in or over, the assets of the Company (including Undrawn Commitments and the right of the Managing Member to make Drawdowns and exercise any remedies in order to enforce the Members’ funding obligations in accordance with this Agreement), Contributed Capital, Portfolio Distributions and Portfolio Assets.

  • In connection with taking any such actions and/or upon the lifting of any sanctions on a Sanctioned Member, the Managing Member may make such adjustments, including adjustments to Drawdowns, Capital Accounts, Capital Contributions, Undrawn Commitments, distributions, allocations, voting rights, and any and all other fees, payments and obligations, as it determines appropriate.

  • Undrawn Commitments: Regulatory add-on relating to off balance sheet undrawn commitments based on a credit conversion factor of 10% for unconditionally cancellable commitments and 100% for other commitments.

  • All documents necessary to implement the Plan and all other relevant and necessary documents in respect of the Implementing Transactions, including any New Debt Facility Documents and any documents governing the New Undrawn Commitments (together the “ New Financing Documents,” if any), have been negotiated in good faith and at arm’s length and shall, upon completion of documentation and execution thereof, be valid, binding, and enforceable agreements.

  • The Undrawn Commitments will automatically reduce by an amount equal to the amount of the proceeds (less any associated costs, expenses and fees) of any Additional Equity or Exchangeable Bond Issue.

  • Any portion of distributions made by the Company to the Common Unitholders during the Investment Period which represents a return of such Common Unitholders’ capital contributions to the Company, as determined by the Board, shall not increase the Common Unitholders’ Undrawn Commitments and may not be redrawn down by the Company.

Related to Undrawn Commitments

  • Undrawn Commitment means, with respect to any Revolving Lender at any time, an amount (which may not be less than zero) equal to (i) such Lender’s Revolving Commitment at such time minus (ii) the aggregate outstanding principal amount of Revolving Loans held by such Revolving Lender at such time.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-3 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $60,000,000.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders, as adjusted from time to time in accordance with the terms hereof. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00).

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Refinancing Revolving Commitments means one or more Classes of commitments in respect of Revolving Loans hereunder that result from a Refinancing Amendment.

  • Multicurrency Commitment means, with respect to each Multicurrency Lender, the commitment of such Multicurrency Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars and in Agreed Foreign Currencies hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Multicurrency Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Multicurrency Commitment as of the Fourth Amendment Effective Date is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Multicurrency commitment, as applicable. The aggregate amount of the Lenders’ Multicurrency Commitments as of the Fourth Amendment Effective Date is $745,000,000.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).