Unfunded Portion definition

Unfunded Portion means, as of any date, an amount equal to the Maximum Advance Amount, less the total amount of all Advances funded as of such date, less any reduction of the Unfunded Portion made pursuant to Section 2.01 hereof.
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Unfunded Portion. The positive difference between the Note Principal Balance and the Maximum Note Principal Balance.
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Unfunded Portion has the meaning set forth in Section 4.1(b)(iii) hereof.
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Examples of Unfunded Portion in a sentence

  • The Enterprise shall pay to the Bank a nonrefundable fee (the “Non-Use Fee”), which shall be in the amount of 0.30% of the weighted average balance of the Unfunded Portion from the Closing Date to the Advance Termination Date.

  • On the Advance Termination Date, the Unfunded Portion shall be reduced to zero and no further Advances will be made hereunder.


More Definitions of Unfunded Portion

Unfunded Portion shall have the meaning specified in Section 2.03(d) ---------------- --------------- hereof.
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Unfunded Portion means the Original Amount Unfunded Portion and the Increased Amount Unfunded Portion.
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Unfunded Portion shall have the meaning set forth in Section 3.6.1.
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Unfunded Portion means, as of any date, an amount equal to the Maximum Advance Amount, less the total amount of all Advances funded as of such date, less any reduction of the Unfunded Portion made pursuant to Section 2.01 hereof.ARTICLE II LOAN Section 2.01. Loan.
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Unfunded Portion shall have the meaning set forth in Section 3.6.1. “Units” shall mean the Class A Units and Class B Units issued to the Members pursuant to this Agreement including pursuant to Section 3.1 and Section 3.2, representing their respective Class A Membership Interests and Class B Membership Interests in the Company.
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Related to Unfunded Portion

  • 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 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.

  • 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.

  • 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.

  • 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 Current Liability of any Plan shall mean the amount, if any, by which the present value of the accrued benefits under the Plan as of the close of its most recent plan year, determined in accordance with Statement of Financial Accounting Standards No. 87 as in effect on the date hereof, based upon the actuarial assumptions that would be used by the Plan’s actuary in a termination of the Plan, exceeds the fair market value of the assets allocable thereto.

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

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.