Unfunded Loans definition

Unfunded Loans means with respect to the Agent, the aggregate amount, if any (i) made available to the Borrower on the assumption that each Lender has made such Lender’s share of the applicable Borrowing available to the Agent as contemplated by Section 2.02(d) and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Agent by the Borrower or made available to the Agent by any such Lender.
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Unfunded Loans has the meaning assigned to such term in Section 2.11(a).
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Examples of Unfunded Loans in a sentence

  • Unfunded Loans, when drawn upon by the issuer, require all holders of record to fund their pro rata portion of the global commitment.

  • As such, Unfunded Loans held as of the report date may ultimately obligate the Company to make future payments which exceed the amount reflected on the unaudited consolidated statement of assets and liabilities with respect to such Loans.

  • The current Accord already requires lower capital charges for short-term inter-bank lending.

  • The Company’s maximum potential obligation as it pertains to Unfunded Loans is $209,742 at 31 March 2020 (31 December 2019: $202,081).

  • In the Receiver’s view, a disproportionate amount of professional time was spent on dealing with the Disputed Unfunded Loans and accordingly a specific allocation of professional time was warranted for the allocation of costs to the Disputed Unfunded Loans as opposed to a pro rata allocation based on collections or number of loans.

  • The options included allocations based on the average number of loans outstanding, based on realizations from Remaining Loans, and based on the Receiver’s estimate of the actual time spent on the Merchant Application Process including administering the Disputed Unfunded Loans.

  • As such, Unfunded Loans held as at the report date may ultimately obligate the Company to make future payments which exceed the amount reflected on the Unaudited Consolidated Statements of Assets and Liabilities with respect to such Loans.

  • Based on a specific allocation of time, the Receiver estimated 48.3% of the costs paid from January 31, 2018 to September 30, 2020 equal to $304,210 should be allocated to the Disputed Unfunded Loans, which was set out in a Consent Order granted on December 9, 2020.

  • Request the City Council approve the execution of a Memorandum of Understanding between the City of Escondido and the Escondido Firefighters' Association, Safety and Non-Safety Bargaining Unit, for a one-year term commencing January 1, 2017 through December 30, 2017 and approve a budget adjustment appropriating $38,670 to cover increased contract costs.

  • We mainly examine three outcome variables that 8 Prosper reports a 20-point range for the borrower’s credit score to protect the borrower from identity theft.measures the primary market liquidity: funding time (Funding Time), funding cost (Origination Fee), and funding quantity (Percentage of Unfunded Loans).

Related to Unfunded Loans

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

  • 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 Commitments means legally binding investment commitments that are tracked and recorded by the institution's financial reporting system.

  • Unfunded Liabilities means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

  • Unfunded Commitment means, with respect to each Lender, the Revolving Commitment of such Lender less its Revolving Exposure.

  • Unfunded Pension Liabilities with respect to any Pension Plan, at any date of determination, the amount determined by taking the accumulated benefit obligation, as disclosed in accordance with Statement of Accounting Standards No. 87, "Employers' Accounting for Pensions", over the fair market value of Pension Plan assets.

  • Unfunded Liability means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Pension Plans exceeds the fair market value of all assets allocable to those benefits, all determined as of the then most recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer plan terminations.

  • Unfunded Benefit Liabilities means, with respect to any ERISA Plan at any time, the amount (if any) by which (i) the present value of all accrued benefits calculated on an accumulated benefit obligation basis and based upon the actuarial assumptions used for accounting purposes (i.e., those determined in accordance with FASB statement No. 35 and used in preparing the ERISA Plan’s financial statements) exceeds (ii) the fair market value of all ERISA Plan assets allocable to such benefits, determined as of the then most recent actuarial valuation report for such ERISA Plan.

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Unfunded Exposure Amount means, on any date of determination, with respect to any Delayed Funding Term Loan, an amount equal to the aggregate amount of all unfunded commitments associated with such Delayed Funding Term Loan.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Unfunded Vested Liabilities means, with respect to any Plan at any time, the amount (if any) by which (i) the present value of all vested nonforfeitable accrued benefits under such Plan exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Unfunded Capital Expenditures means Capital Expenditures made with Internally Generated Funds and, for the avoidance of doubt, not including Capital Expenditures funded through or by funds provided by any Customer or supplier for such purpose.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Unfunded Exposure Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Unfunded Exposure Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • 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.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Other Revolving Loans shall have the meaning assigned to such term in Section 2.21.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.