Uncommitted Facility Amount definition

Uncommitted Facility Amount is defined in the Side Letter.
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Uncommitted Facility Amount means, as of any date of determination, the excess, if any, of (a) the Maximum Facility Amount over (b) the Committed Facility Amount.
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Uncommitted Facility Amount is defined in Section 3.
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Examples of Uncommitted Facility Amount in a sentence

  • As of any date of determination all outstanding Advances will first be attributed to and counted against the Commitment of each Lender as an Advance pursuant to Section 2(a) and then the remainder thereof, if any is available, shall be deemed and made as Uncommitted Advances up to the Uncommitted Facility Amount.

  • The Five Hundred Million Dollar ($500,000,000) sum of the Committed Facility Amount and the Uncommitted Facility Amount is the “Facility Amount”.

  • Each such purchase that is proposed to be funded from the Uncommitted Facility Amount (as defined in the Side Letter) shall be wholly discretionary to Buyer.

  • The One Billion Dollar ($1,000,000,000) sum of the Committed Facility Amount and the Uncommitted Facility Amount is the “Facility Amount”.

  • The following sentence is added as the new third sentence of Section 3(a): Each such purchase that is proposed to be funded from the Uncommitted Facility Amount (as defined in the Side Letter) shall be wholly discretionary to Buyer.

  • Seller hereby acknowledges that Buyer is under no obligation to agree to enter into, or to enter into, any Transaction with respect to the Uncommitted Facility Amount.

  • Subject to the terms of this Agreement, the Lenders make available to Imperial Finance an uncommitted facility in an aggregate amount not exceeding the Maximum Uncommitted Facility Amount.

  • The Bank shall promptly notify the Borrower of the final amount of such increase in the Committed Facility Amount (including any corresponding decrease of the Uncommitted Facility Amount) and the Increase Effective Date.


More Definitions of Uncommitted Facility Amount

Uncommitted Facility Amount means as of any date, the option of the Bank hereunder to make Loans to the Borrower in its sole discretion in an aggregate principal amount equal to the amount set forth in the table below opposite such date (or the applicable range of dates). From the Effective Date to but excluding the Facility Availability Date $0 From the Facility Availability Date through and including March 31, 2025 $30,000,000 From April 1, 2025 through and including June 30, 2025 $40,000,000 From July 1, 2025 through and including September 30, 2025 $55,000,000 From October 1, 2025 through and including the Scheduled Facility Termination Date (only applicable if the Scheduled Facility Termination Date has been extended beyond September 30, 2025) $175,000,000
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Uncommitted Facility Amount means the amount by which the Lenders may agree, in their sole and absolute discretion, to make Advances in excess of their Commitments pursuant to Section 2.1(a)(ii); provided that, the aggregate Advances Outstanding drawn from the Uncommitted Facility Amount pursuant to Section 2.1(a)(ii) shall not exceed, at any time, $150,000,000.
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Related to Uncommitted Facility Amount

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.