Uncalled Commitments definition

Uncalled Commitments means, with respect to a Person the capital commitments of such Person that are unencumbered, have not yet been called and (a) are eligible to be called (i.e., such Person has the right to call such commitments under the investment fund constituent documents) without having to comply with or satisfy any conditions precedent (other than notification that the required portion of their commitments are being called) and (b) are made by institutional investors or “Accredited Investors” (as defined under US securities laws) and in the case of (a) and (b), that (i) are not subject to a proceeding under the Bankruptcy Code or under federal, state or foreign insolvency law and (ii) are not in default under a material provision of their respective subscription agreements.
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Uncalled Commitments means the portion of a Compartment's Commitments that has not been drawn down.
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Uncalled Commitments means uncalled irrevocable capital commitments from one or more Persons that the relevant Junior Lender reasonably believes satisfy, in the aggregate, the requirements of clause (i) of the definition of “Eligibility Requirements” in this Section 1.
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Examples of Uncalled Commitments in a sentence

  • Off-Balance Sheet Arrangements and Unfunded Commitments Uncalled Commitments to Managed Investment Funds The Corporation, through its wholly owned subsidiary CCFC, has subscribed for limited partnership units in several investment funds managed or formerly managed by the Corporation, namely Crown Partners Fund, CCF IV Investment LP and Crown Power Fund.

  • Uncalled Commitments Uncalled commitments are used as a measure of unfunded capital commitments that KKR’s investment funds and carry-paying co-investment vehicles have received from partners to contribute capital to fund future investments.

  • Uncalled Commitments As of June 30, 2014, our Private Markets Segment had $17.1 billion of remaining uncalled capital commitments that could be called for investments in new transactions.

  • Uncalled Commitments As of June 30, 2017, our Public Markets segment had $6.8 billion of uncalled capital commitments that could be called for investments in new transactions.

  • Distributor understands and acknowledges that its relationship with Producer is that of a buyer to a seller and that Distributor is not an agent, partner or franchisee of Producer.

  • Assets means real property, cash, investments, rights, income and other property of the Trust from time to time, including, for the avoidance of doubt, any right to Uncalled Commitments.

  • Uncalled Commitments Private Markets As of June 30, 2018, our Private Markets business line had $48.6 billion of remaining uncalled capital commitments that could be called for investments in new transactions.

  • Amendments to the Offering Memorandum other than those described above will necessitate the written consent of Investors holding two-thirds of the concerned Compartments' aggregate funded Commitments, Uncalled Commitments and the subscribed amounts (in case of Subscription Form), all on the basis of their respective nominal value.

  • Its general format, which abstracts away from a specific theta roles and specific syn- tactic environments, is given in (59b).

Related to Uncalled Commitments

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to Borrower or another Person or otherwise pursuant to any loan document, written instrument or otherwise.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

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

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

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

  • Ancillary Commitment means, in relation to an Ancillary Lender and an Ancillary Facility, the maximum Base Currency Amount which that Ancillary Lender has agreed (whether or not subject to satisfaction of conditions precedent) to make available from time to time under an Ancillary Facility and which has been authorised as such under Clause 7 (Ancillary Facilities), to the extent that amount is not cancelled or reduced under this Agreement or the Ancillary Documents relating to that Ancillary Facility.

  • Unfunded Commitments means legally binding investment commitments that are tracked and recorded by the institution's financial reporting system.

  • Extended Commitments has the meaning provided in Section 2.16(a).

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

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

  • 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.

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

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

  • Increased Commitments has the meaning assigned to such term in Section 2.19(a).

  • Unused Commitment means, with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Advances made by such Lender (in its capacity as a Lender) and outstanding at such time and (ii) such Lender’s Ratable Share of the aggregate L/C Obligations and, other than for the purposes of calculation of the commitment fees, such Lender’s Ratable Share of the aggregate Swingline Exposure outstanding at such time.

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • 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;

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

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

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) 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 2.1 as its “Tranche C Commitment” 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.

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