Drawdown Purchase Price definition
Drawdown Purchase Price means, for each Drawdown Date with respect to a Common Unitholder, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Commitments being drawn down by the Company from all Common Unitholders on that Drawdown Date, by (ii) a fraction, the numerator of which is the Undrawn Commitment of such Common Unitholder and the denominator of which is the aggregate Undrawn Commitments of all Common Unitholders that are not Defaulting Unitholders.
Drawdown Purchase Price means, for each Drawdown Date, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Capital Commitments being drawn down by the Company from all Investors on that Drawdown Date, by (ii) a fraction, the numerator of which is the Unused Capital Commitment of the Investor and the denominator of which is the aggregate Unused Capital Commitments of all Investors that are not Defaulting Investors or Excluded Investors (as defined below).
Drawdown Purchase Price means, for each Capital Drawdown Date, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Capital Commitments being drawn down by the Company from all Subscribers on that Capital Drawdown Date, by (ii) a fraction, the numerator of which is the Unused Capital Commitment of the Subscriber and the denominator of which is the aggregate Unused Capital Commitments of all Subscribers that are not Defaulting Subscribers or Excluded Subscribers (as defined below).
Examples of Drawdown Purchase Price in a sentence
Each Drawdown Notice should set forth (i) the Drawdown Date, (ii) the aggregate number of Shares to be sold to all Shareholders on the Drawdown Date and the aggregate purchase price for such Shares, (iii) the applicable Drawdown Amount, Drawdown Purchase Price and Per Share Price and (iv) the account to which the Drawdown Purchase Price should be wired.
The delivery of a Drawdown Notice to the Shareholder shall be the sole and exclusive condition to the Shareholder’s obligation to pay the Drawdown Purchase Price identified in each Drawdown Notice.
More Definitions of Drawdown Purchase Price
Drawdown Purchase Price shall have the meaning set forth in Section 5.2.
Drawdown Purchase Price means, for each Drawdown Date, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Capital Commitments being drawn down by the Company from all Subscribers on that Drawdown Date, by (ii) a fraction, the numerator of which is the Unfunded Capital Commitment of the Subscriber and the denominator of which is the aggregate Unfunded Capital Commitments of all Subscribers that are not Defaulting Shareholders (as defined in Section 5) or Excused Subscribers (as defined in Section 4.3(f)).
Drawdown Purchase Price means, for each Capital Drawdown Date, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Capital Commitments being drawn down by the Company from all Subscribers on that Capital Drawdown Date, by (ii) a fraction, the numerator of which is the Unused Capital Commitment of the Subscriber and the denominator of which is the aggregate Unused Capital Commitments of all Subscribers that are not Defaulting Subscribers or Excluded Subscribers (each as defined below).
Drawdown Purchase Price means, for each Capital Drawdown Date, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Capital Commitments being drawn down by the Fund from all investors on that Capital Drawdown Date, by (ii) a fraction, the numerator of which is the Unused Capital Commitment of the investor and the denominator of which is the aggregate Unused Capital Commitments of all investors that are not Defaulting Investors or Excluded Investors (as defined below). For the avoidance of doubt, the Drawdown Purchase Price shall be determined after giving effect to the Catch-Up Purchase Price (as described below).
Drawdown Purchase Price except with respect to Common Stockholders (as defined below), shall mean, for each Drawdown Date, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Capital Commitments being drawn down by the Company from all Subscribers on that Drawdown Date, by (ii) a fraction, the numerator of which is the Unfunded Capital Commitment of the Subscriber and the denominator of which is the aggregate Unfunded Capital Commitments of all Subscribers that are not Defaulting Stockholders (as defined in Section 5) or Excused Subscribers (as defined in Section 4.2(f)). “Drawdown Purchase Price,” with respect to Common Stockholders, shall mean an amount in U.S. dollars equal to the Capital Commitment of the Common Stockholder.
Drawdown Purchase Price means, for each Capital Drawdown Date, an amount in U.S. dollars determined by multiplying (i) the aggregate amount of Capital Commitments being drawn down by the Company from all Subscribers on that Capital Drawdown Date, by (ii) a fraction, the numerator of which is the Unfunded Capital Commitment of the Subscriber and the denominator of which is the aggregate Unfunded Capital Commitments of all Subscribers that are not Defaulting Subscribers (as defined in Section 4) or Excluded Subscribers (as defined in Section 3(c)(vi)). "Drawdown Share Amount" shall mean, for each Capital Drawdown Date, a number of Shares determined by dividing (i) the Drawdown Purchase Price for that Capital Drawdown Date by (ii) the applicable Price Per Share. "Price Per Share" shall mean, for any Capital Drawdown Date or Catch-Up Date (as defined below), the Price Per Share determined by the Company's Board of Directors (the "Board") in accordance with the procedures set out in the Private Placement Memorandum (as those procedures may be changed from time to time in a manner consistent with the limitations of the ▇▇▇▇ ▇▇▇) as of the last day of the Company's fiscal quarter or such other date as determined by the Board preceding the Capital Drawdown Date. The Price Per Share shall be at least equal to the net asset value per Share in accordance with the limitations under Section 23 of the 1940 Act, and nothing in this Agreement shall prohibit the Company from issuing Shares at a per share price greater than the net asset value per Share. The Board may set the Price Per Share above the net asset value per Share based on a variety of factors, including without limitation the total amount of the Company's organizational and other expenses. "Unfunded Capital Commitment" shall mean, with respect to a Subscriber, the amount of such Subscriber's Capital Commitment as of any date reduced by the aggregate amount of contributions made by that Subscriber at all previous Capital Drawdown Dates and all Catch-Up Dates pursuant to Section 3(a) and Section 3(b), respectively.
Drawdown Purchase Price with respect to Common Stockholders, shall mean an amount in U.S. dollars equal to the Capital Commitment of the Common Stockholder.