Undrawn Commitment definition

Undrawn Commitment means, with respect to any Revolving Lender at any time, an amount (which may not be less than zero) equal to (i) such Lender’s Revolving Commitment at such time minus (ii) the aggregate outstanding principal amount of Revolving Loans held by such Revolving Lender at such time.

Undrawn Commitment means, with respect to an Interestholder, the amount of such Interestholder’s Commitment as of any date reduced by the aggregate amount of capital contributions made by that Interestholder at all previous drawdown dates and amounts reinvested by the Fund (excluding recyclable amounts, as described in the Prospectus), and increased by any distributions made by the Fund to such Interestholder that represent recyclable amounts or recallable amounts (as described in the Prospectus).

Undrawn Commitment means, with respect to any Lender at any time, an amount (which may not be less than zero) equal to the undrawn portion of such Lender’s Commitment at such time.

Examples of Undrawn Commitment in a sentence

• Each Member and the Company agrees that on each Drawdown Date, such Member shall purchase from the Company, and the Company shall issue to such Member, a number of Units equal to the Drawdown Unit Amount at an aggregate price equal to the Drawdown Purchase Price; provided, however, that in no circumstance will a Member be required to purchase Units for an amount in excess of its Undrawn Commitment.

• The name, address and e-mail address, the number and class of Units held and the Commitment and Undrawn Commitment of each Member are set forth in the books and records of the Company.

• Each Member will be required to make capital contributions (up to the amount of its Undrawn Commitment) to purchase Units each time the Company delivers a drawdown notice at any time during the life of the Company, subject to Section 6.1.2, which will be delivered in respect of such Commitment at least ten (10) Qatari Business Days prior to the required funding date (a “Drawdown Date”).

• No such reimbursement will be considered a capital contribution for purposes of this Agreement, nor shall the amount of any such reimbursement reduce a Member’s Undrawn Commitment.

• Any amounts so reinvested will not reduce a Member’s Undrawn Commitment.

More Definitions of Undrawn Commitment

Undrawn Commitment means any arrangement of a merchant bank with any person (including other branches of the merchant bank) which would pose liquidity risk to the merchant bank in the event the person or a third party in whose favour the arrangement is made, utilises or calls upon the commitment, such as any unutilised portion of a guarantee, any standby letter of credit, any warranty, any standby credit facility, any forward asset purchase, any underwriting arrangements, any credit protection sold by the merchant bank and any liquidity facilities granted by the merchant bank, but does not include any arrangement where the drawdown or utilisation is subject to the approval of the merchant bank at the point of drawdown, and the merchant bank has the unconditional right to refuse drawdown.

Undrawn Commitment means, with respect to a Common Unitholder, the amount of such Common Unitholder’s Commitment as of any date reduced by the aggregate amount of capital contributions made by that Common Unitholder at all previous Drawdown Dates and Catch-Up Dates and amounts reinvested by the Company (excluding Recyclable Amounts), and increased by any distributions made by the Company to such Common Unitholder that represent Recyclable Amounts or Recallable Amounts, each as defined in 4.4.2. For the avoidance of doubt, “then-current NAV per Unit” as set forth in this 3.3 will consist of the NAV per Unit calculated in accordance with the valuation procedures adopted by the Company, as may be amended from time to time.

Undrawn Commitment as to any Bank at any time, the amount of such Bank's Commitment minus the amount of such Bank's Committed Exposure at such time but not less than zero.

Undrawn Commitment means, with respect to a Common Unitholder, the amount of such Common Unitholder’s Commitment as of any date reduced by the aggregate amount of contributions made by that Common Unitholder at all previous Drawdown Dates and Catch-Up Dates, and increased by the aggregate amount of Returned Capital received by that Common Unitholder as set forth in 4.4.2. For the avoidance of doubt, “then-current NAV per Unit” as set forth in this 3.4 may consist of the NAV per Unit calculated at the end of the most recent calendar month prior to the date of the applicable drawdown notice or issuance date.

Undrawn Commitment means as of a date the amount of any Class B Limited Partner’s Commitment reduced by the amount of all Capital Contributions made by such Partner (but excluding, for the avoidance of doubt, any deemed contributions made pursuant to Section 5.2(a)).

Undrawn Commitment means the Total Commitments less the Loan Amount from time to time;

Undrawn Commitment means, with respect to any Member as of any date, the excess of (A) the sum of: (i) such Member’s Capital Commitment plus (ii) such Member’s Recallable Capital over (B) the sum of: (i) the Capital Contributions previously paid by such Member to the Company plus (ii) the Drawdowns (which have not yet been paid) of such Member to the Company.