Unfunded Loans definition

Unfunded Loans has the meaning assigned to such term in Section 2.11(a).
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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. [[3596554]]
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Examples of Unfunded Loans in a sentence

  • The Collateral Manager shall not permit all amounts then on deposit in the Future Funding Obligation Account to be less than the aggregate amount of all future funding obligations outstanding under the terms of all Unfunded Loans that constitute Collateral Debt Securities.

  • On the Closing Date, the Issuer or the Seller shall deposit into the Future Funding Obligations Account approximately $25,864,582.49 which, in the aggregate, is sufficient to fulfill the maximum funding obligations under all Unfunded Loans included in the Initial Collateral Debt Securities.

  • Funds in the Future Funding Obligations Account shall be available solely to fulfill any additional funding commitments of the Issuer under any Unfunded Loans included in the Collateral Debt Securities, and only funds in the Future Funding Obligations Account shall be used for such purpose.

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

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