Examples of Outstanding Committed Amount in a sentence
During the Revolving Credit Period, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time in Dollars in amounts such that (i) such Lender’s Outstanding Committed Amount shall not exceed its Commitment and (ii) the Total Outstanding Amount shall not exceed the Total Commitments.
Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Availability Period; provided that, immediately after each such loan is made, such Lender's Outstanding Committed Amount shall not exceed its Commitment.
In the event that a Participant fails to pay any part of its Outstanding Committed Amount or fails to do so on time in accordance with the provisions of the Call for Payment including the payment date stated therein, the Participant concerned will immediately be in default (the Defaulting Participant).
No compensation on the Outstanding Committed Amount is payable by the Investment Fund.
In addition, after receipt of a Signed Entry Form by the Manager, the Outstanding Committed Amount may be called up from the Prospective Participants with priority, in accordance with Article 11.3 of these Fund Terms and Conditions.