Unfunded Amount definition

Unfunded Amount means, with respect to any Collateral Loan, as of any date of determination, the unfunded commitment of the Borrower with respect to such Collateral Loan as of such date.

Unfunded Amount means, at any time, the sum of (i) the aggregate Exposure Amount at such time plus (ii) the aggregate Unsettled Amount at such time.

Unfunded Amount shall have the meaning specified in Section 3.2 of the Agency Agreement.

Examples of Unfunded Amount in a sentence

• Upon execution of a Note in respect of a Mandatory Contribution Loan for the full amount of any Unfunded Amount in respect of a Mandatory Capital Call, notwithstanding anything to the contrary herein, the Non-Contributing Member shall cease to be a Defaulting Member hereunder.

• If a Contributing Member exercises its rights in accordance with Section 3.3(a)(i) in respect of any Non-Mandatory Capital Call or a Mandatory Excess Capital Call, the Company shall issue to the Contributing Member a number of applicable Units equal to (x) the portion of the Unfunded Amount funded by such Contributing Member divided by (y) the Per Unit Price that would have been applicable if the Contributing Member had made such Capital Contribution on the Capital Request Funding Date.

• Except as set forth below, amounts on deposit in the Unfunded Exposure Account may be withdrawn at the direction of the Borrower or at the direction of the Servicer (i) to fund any draw requests of the relevant Obligors under any Variable Funding Asset or (ii) to make a deposit into the Principal Collections Account if, after giving effect to such withdrawal, the aggregate amount on deposit in the Unfunded Exposure Account is equal to or greater than the Aggregate Unfunded Amount.

• Prior to the maturity of any Unfunded Amount Loan, an Unfunded Amount Loan made by any Member shall not be considered a Capital Contribution and shall not affect the maintenance of such Member’s Capital Account, other than to the extent otherwise provided in this Agreement.

• Upon issuance of such Units, notwithstanding anything to the contrary herein, the Non-Contributing Member shall cease to be a Defaulting Member hereunder if the Contributing Member funds all of such Unfunded Amount.

More Definitions of Unfunded Amount

Unfunded Amount means, with respect to any Revolving Obligation or Delayed Drawdown Collateral Obligation, the excess, if any, of (i) the Commitment Amount under such Revolving Obligation or Delayed Drawdown Collateral Obligation, as the case may be, at such time over (ii) the Funded Amount thereof at such time.

Unfunded Amount has the meaning set forth in Section 5.02(c).

Unfunded Amount means the sum of (a) the Portfolio Exposure Amount and (b) all amounts due for unsettled purchases of Collateral Obligations at such time.

Unfunded Amount means, with respect to any Collateral Asset, as of any date of determination, the unfunded commitment of the Borrower with respect to such Collateral Asset as of such date that is not subject to any conditionality (other than (i) the representations and warranties being true and correct at the time of borrowing, (ii) no default or event of default existing immediately prior to or after the time of borrowing, (iii) pro forma compliance with a financial covenant at the time of borrowing and/or (iv) the delivery of a borrowing notice or the taking of other administrative steps (including having the borrowing occur prior to a certain date)).

Unfunded Amount means, with respect to any Delayed Drawdown Security at any time, the excess, if any, of (i) the Commitment Amount thereof over (ii) the Funded Amount thereof outstanding at such time.

Unfunded Amount shall have the meaning specified in Section 3.2 of the Construction Agency Agreement.

Unfunded Amount. At any time, the sum of (i) the aggregate Exposure Amount at such time plus (ii) the aggregate Unsettled Amount at such time.