Uncommitted Amount definition

Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

Uncommitted Amount. The amount of the Aggregate Transaction Limit that is uncommitted, as set forth in the Transactions Terms Letter, or such other amount as may be determined by the Buyer in its sole discretion.

Uncommitted Amount means the amount set forth under the “Uncommitted Amount” column opposite a Lender’s name on the Commitment Schedule attached as Schedule 1 to the Pricing Side Letter.

Examples of Uncommitted Amount in a sentence

• Buyer shall have the obligation to enter into Transactions with an Aggregate Outstanding Purchase Price equal to or less than the Committed Amount, and Buyer shall have no obligation to enter into Transactions with respect to the Uncommitted Amount.

• Buyer shall be under no obligation to enter into any Transaction or Transactions requested by Seller if the Purchase Price relates to the Uncommitted Amount.

• Seller hereby acknowledges that Purchaser is under no obligation to enter into, any Transaction pursuant to this Agreement with respect to the Uncommitted Amount.

• Buyer shall not have the right, however, to terminate any Transactions with respect to the Uncommitted Amount after the Purchase Date until the related Repurchase Date.

• All purchases of Mortgage Loans hereunder shall be first deemed committed up to the Committed Amount and then the remainder, if any, shall be deemed uncommitted up the Uncommitted Amount.

More Definitions of Uncommitted Amount

Uncommitted Amount. As of any date of determination, the amount of the Aggregate Transaction Limit in excess of the Committed Amount that is uncommitted as of such date of determination, as set forth in the Transactions Terms Letter, or such other greater amount as may be determined by Buyer in its sole discretion.

Uncommitted Amount means (i) on or prior to October 15, 2016, $250,000,000, and (ii) at all other times, $50,000,000.

Uncommitted Amount means an amount equal to (i) $250,000,000 reduced by (ii) the Uncommitted Amount (as such term is defined in the NPL Repurchase Agreement) of all Loans (as such term is defined in the NPL Repurchase Agreement) then subject to outstanding Transactions (as such term is defined in the NPL Repurchase Agreement) under the NPL Repurchase Agreement.

Uncommitted Amount means $50,000,000.

Uncommitted Amount means an amount equal to (i) $250,000,000 reduced by (ii) the Uncommitted Amount (as such term is defined in the PMAC Agency Repurchase Agreement) of all Loans (as such term is defined in the PMAC Agency Repurchase Agreement) then subject to outstanding Transactions (as such term is defined in the PMAC Agency Repurchase Agreement) under the PMAC Agency Repurchase Agreement.

Uncommitted Amount means (i) for the period beginning on November 22, 2019 and ending on February 28, 2020, $[***] and (ii) at all other times, $[***].

Uncommitted Amount. As set forth on the attached Exhibit C.