Remaining Commitment definition

Remaining Commitment means, with respect to any Partner, determined at any date, the amount of such Partner’s Commitment decreased by the amount of such Partner’s Capital Contributions, and increased by the amount equal to all distributions from the Fund to such Partner to the extent:

Remaining Commitment means an amount equal to the Backstop Party’s Backstop Commitment Amount prior to any reductions set forth in this Section 7 less its Shareholder Commitment Amount.

Remaining Commitment means, with respect to any Partner, determined at any date, the amount of such Partner’s Commitment decreased by the amount of such Partner’s Capital Contributions, and increased by the amount equal to all distributions from the Fund to such Partner to the extent: that such distributions represent such Partner’s Capital Contributions returned: without being used by the Fund; or in connection with the receipt of an Equalization Payment on the admission of a Subsequent Closing Partner to the Fund; or provided for in Section 6.4 (Reinvestment), for the avoidance of doubt, solely for the purposes described therein.

Examples of Remaining Commitment in a sentence

• Each Partner shall contribute cash to the Fund as set forth herein, provided that no Limited Partner shall be required to make any Capital Contribution to the Fund at any time that exceeds its Remaining Commitment at such time.

• Immediately prior to a Listing, or, if earlier, on 31 March 2016 and at any time after that date but before 1 June 2016, the board of directors of the Company may cause the Company to issue a notice (“Drawdown Notice”) to each Investor, requiring that such Investor subscribe for additional Ordinary Shares at the Initial Price per Ordinary Share, up to an amount equal to such Investor’s Remaining Commitment (subject to clause 2.9 below).

• Additional Payments contributed by a Subsequent Closing Partner shall not be treated as Capital Contributions and shall not reduce such Subsequent Closing Partner’s Remaining Commitment.

• For the avoidance of doubt, in connection with each Drawdown from the Limited Partners other than a Drawdown pursuant to Section 6.2.4.4, the General Partner shall make Capital Contributions of its pro rata share of the amount required from the Limited Partners determined as if the General Partner were a Limited Partner with an applicable Remaining Commitment.

• No Limited Partner shall be liable for the debts and obligations of the Fund; provided, however, that each Limited Partner shall be required to pay to the Fund amounts up to its Remaining Commitment pursuant to this Agreement.

More Definitions of Remaining Commitment

Remaining Commitment means, at any time of determination, an amount equal to $225,000,000 minus the aggregate amount of all Capital Contributions made by UGI to the Partnership prior to such time of determination.

Remaining Commitment shall have the meaning set forth in the LLC Agreement.

Remaining Commitment means, at any time, an amount equal to the Investor’s Total Commitment at such time reduced by the sum of: (i) the payment for the Initial Share paid by the Investor and (ii) the amount of the aggregate Purchase Price paid by the Investor in relation to the Capital Calls delivered by the Company to the Investor pursuant to and subject to the terms of this Section 3.1. During the Commitment Period, upon fifteen (15) business days’ prior written notice from the Company, substantially in the form of Exhibit C attached hereto (each, a “Call Notice”), delivered after approval of the Board or the executive committee of the Board (the “Executive Committee”) for such Capital Call has been obtained (unless the Investor has waived such fifteen (15) business-day period in writing or by funding such Capital Call as set forth in the Call Notice), the Company may require (subject, in each case, to the terms, limitations and conditions of this Agreement and the Shareholders Agreement) the Investor to fund all or part of its Remaining Commitment as specified in such Call Notice (each, a “Capital Call”). The amount called from the Investor pursuant to a Capital Call may not exceed the Investor’s Remaining Commitment as of the date of the Call Notice to which such Capital Call relates, and in no event shall the Investor’s aggregate Purchase Price paid for the Shares exceed the Investor’s Total Commitment. For purposes of this Agreement, “business day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York or Bermuda are authorized or required by law to close.

Remaining Commitment means, with respect to any Member, as of any date, (a) the amount of such Member’s Capital Commitment reduced by amounts contributed to the Company in respect of Capital Calls and Post Commitment Period Capital Calls and increased by (i) the amount of any unused Capital Contributions that are returned to such Member pursuant to Section 5.03(d) and (ii) distributions to such Member that represent a return of capital (and not distributions of Current Income). Each Capital Commitment made by a Member shall be accounted for separately, including for purposes of determining Remaining Commitments and Capital Calls.

Remaining Commitment means, as to any Participant, the difference between -------------------- such Participant's Commitment and the total amounts advanced by such Participant, including all amounts of Capitalized Interest and Capitalized Yield, as of the date of determination.

Remaining Commitment means in respect of a Fund which is either closedended or open-ended with limited liquidity, if so determined by the Directors, with respect to any Participating Shareholder as of any date, the excess, if any of (i) such Participating Shareholder's Capital Commitment at such time over (ii) such Participating Shareholder's aggregate Capital Contributions made prior to such time. For the purposes of this definition any Participating Shareholder's aggregate Capital Contributions shall be reduced by the aggregate amount theretofore distributed to such Participating Shareholder prior to the end of the Investment Period as more particularly described in the Supplement for the relevant Fund.

Remaining Commitment is defined in Section 5.2(a).