Unfunded Exposure Equity Amount definition

Unfunded Exposure Equity Amount. On any date of determination, an amount equal to the sum, for each Loan, of (a) the Unfunded Exposure Amount for such Loan minus (b) the product of (i) the Unfunded Exposure Amount for such Loan, (ii) the Advance Rate for such Loan and (iii) the Assigned Value of such Loan.

Unfunded Exposure Equity Amount means, as of any date of determination, with respect to any Revolving Loan Asset or Delayed Draw Loan Asset, an amount equal to (a) the Exposure Amount for such Revolving Loan Asset or Delayed Draw Loan Asset multiplied by (b) the difference of (i) 100% minus (ii) the Applicable Percentage for such Revolving Loan Asset or Delayed Draw Loan Asset.

Unfunded Exposure Equity Amount means, on any date of determination, an amount equal to:

Examples of Unfunded Exposure Equity Amount in a sentence

• As of any date of determination, any amounts on deposit in the Unfunded Exposure Account that exceed (i) the aggregate Unfunded Exposure Equity Amount prior to the earlier to occur of the end of the Reinvestment Period or the Facility Maturity Date and (ii) the aggregate of all Unfunded Exposure Amounts following the earlier to occur of the end of the Reinvestment Period or the Facility Maturity Date, in each case shall be transferred into the Principal Collection Account as Principal Collections.

• On or before the Cut-Off Date of any Delayed Draw Loan Asset or any Revolving Loan, the Borrower shall deposit into the Unfunded Exposure Account an amount such that the balance of the Unfunded Exposure Account is at least equal to the Unfunded Exposure Equity Amount of such Delayed Draw Loan Asset or Revolving Loan by making a Disbursement Request from the Principal Collection Subaccount in accordance with Section 2.18 and/or a Notice of Borrowing for an Advance in accordance with Section 2.02.

• On or before the Cut-Off Date of any Delayed Draw Loan Asset or any Revolving Loan, the Borrower shall deposit into the Unfunded Exposure Account an amount such that the balance of the Unfunded Exposure Account is at least equal to the Unfunded Exposure Equity Amount of such Delayed Draw Loan Asset or Revolving Loan by making a Disbursement Request from the Principal Collection Account in accordance with Section 2.18 and/or a Notice of Borrowing for an Advance in accordance with Section 2.02.

• Until an Event of Default has occurred, any amounts on deposit in the Unfunded Exposure Account which exceed the Unfunded Exposure Equity Amount as of any date of determination shall be deposited into the Principal Collection Account as Principal Collections.

• As of any date of determination, the Servicer (or, after delivery of a Notice of Exclusive Control (and prior to any rescission of such Notice of Exclusive Control), the Administrative Agent) may cause any amounts on deposit in the Unfunded Exposure Account that exceed the Unfunded Exposure Equity Amount to be deposited into the Principal Collection Subaccount as Principal Collections.

More Definitions of Unfunded Exposure Equity Amount

Unfunded Exposure Equity Amount. As of any date of determination, an amount equal to (i) the aggregate sum of the products for each Revolving Loan and Delayed Draw Loan included in the Collateral of (a) the Unfunded Exposure Amount for such Loan multiplied by (b) the difference of 100% minus the Applicable Percentage for such Loan plus (ii) the aggregate sum of the products for each Revolving Loan and Delayed Draw Loan included in the Collateral of (a) the Unfunded Exposure Amount for such Loan multiplied by (b) the difference of 100% minus the Assigned Value for such Loan multiplied by (c) the Applicable Percentage for such Loan.

Unfunded Exposure Equity Amount means, on any date of determination during the Amortization Period, the Aggregate Unfunded Exposure Amount, and otherwise, an amount equal to:

Unfunded Exposure Equity Amount has the meaning specified in Annex C.

Unfunded Exposure Equity Amount means, as of any date of determination, with respect to any Revolving Loan or Delayed Drawdown Loan included in the Collateral, an amount equal to (i) the product of (a) Aggregate Unfunded Amount with respect to such Revolving Loan or Delayed Drawdown Loan multiplied by (b) the difference of (x) 100% minus (y) the lower of the Maximum Portfolio Advance Rate and the Weighted Average Unfunded Advance Rate, in each case, as of such date plus (ii) the product of (a) Aggregate Unfunded Amount with respect to such Revolving Loan or Delayed Drawdown Loan multiplied by (b) the difference of 100% minus the Discount Factor (if any) assigned to such Revolving Loan or Delayed Drawdown Loan.

Unfunded Exposure Equity Amount means, as of any date of determination, with respect to any Collateral Obligation, an amount equal to (a) the Exposure Amount with respect to such Collateral Obligation, minus (b) the product of (i) the Purchase Price of such Collateral Obligation, (ii) the Exposure Amount with respect to such Collateral Obligation and (iii) the then-existing Advance Rate for such Collateral Obligation.

Unfunded Exposure Equity Amount means, on any date of determination, an amount equal to (a) the Exposure Amount multiplied by (b) the difference of (i) 100% minus (ii) the Applicable Percentage.

Unfunded Exposure Equity Amount means, on any date of determination, with respect to any Collateral Asset, an amount equal to (i) the Unfunded Exposure Amount with respect to such Collateral Asset, minus (ii) the product of (a) the Assigned Value of such Collateral Asset, (b) the Unfunded Exposure Amount with respect to such Collateral Asset and (c) the Advance Rate for such Collateral Asset.