Drawdown Purchase Price definition

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 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 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

• Notwithstanding any other provision of this Subscription Agreement, the Subscriber agrees (i) to pay on demand all costs and expenses (including attorneys’ fees) incurred by or on behalf of the Company in connection with the enforcement of this Subscription Agreement against the Subscriber sustained as a result of any default by the Subscriber and (ii) that any such payment shall not constitute payment of a Drawdown Purchase Price or reduce the Subscriber’s Capital Commitment.

• Each Drawdown Notice should set forth (i) the Drawdown Date, (ii) the aggregate number of Common Units to be sold to all Common Unitholders on the Drawdown Date and the aggregate purchase price for such Common Units, (iii) the applicable Drawdown Unit Amount, Drawdown Purchase Price and Per Unit Price and (iv) the account to which the Drawdown Purchase Price should be wired.

• On each Drawdown Date (as defined below), each Common Unitholder agrees to purchase from the Fund, and the Fund agrees to issue to the Common Unitholder, a number of Common Units equal to the Drawdown Unit Amount (as defined below) at an aggregate price equal to the Drawdown Purchase Price (as defined below); provided, however, that in no circumstance will a Common Unitholder be required to purchase Units for an amount in excess of its Remaining Capital Commitment (as defined below).

• The delivery of a Drawdown Notice to the Common Unitholder shall be the sole and exclusive condition to the Common Unitholder’s obligation to pay the Drawdown Purchase Price identified in each Drawdown Notice.

• In addition to the foregoing, the Company may in its discretion institute a lawsuit against the Defaulting Investor for specific performance of its obligation to pay any Drawdown Purchase Price and any other payments to be made by the Defaulting Investor pursuant to this Subscription Agreement and to collect any overdue amounts hereunder.

More Definitions of Drawdown Purchase Price

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 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).

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 the Subscriber in respect of a 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 5) or Excluded Subscribers (as defined in Section 4.3(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 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. [•] Per Share NAV [•] We request that you wire your total amount due on or before the due date in accordance with the following instructions: Bank: [•] ABA #: [•] Account Name: TPG Specialty Lending, Inc. Account #: [•] Notation: «InvestorProperName» If you have any questions, please contact [•] at [•]@xxx.xxx or by phone at (000) 000-0000. TSL Advisers, LLC c/o Xxxxxx Xxxx 000 Xxxxxxxx Xxxxxx Xxxxx 0000 Xxxx Xxxxx, XX 00000 Tel: (000) 000-0000 Fax: (000) 000-0000 Instructions: No action will be required on the part of an investor (a “Subscriber”) to have its cash distribution reinvested in shares of common stock of TPG Specialty Lending, Inc. (the “Company”). A Subscriber may elect to receive an entire distribution (and all future distributions, until further notice) in cash by remitting this form to TSL Advisers, LLC no later than the 10 days prior to the record date for the first distribution to which it relates. To elect to receive your full distributions in xxxx, xxxx the appropriate box in Part A below and fill out your contact information under Part B, below.