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 shall have the meaning specified in Section 2.03(d) ---------------- --------------- hereof.
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Examples of Unfunded Portion in a sentence

  • Performance by the Borrower of its obligations under this Agreement and the other Loan Documents shall not be excused or otherwise modified as a result of the operation of this Section, except to the extent expressly set forth herein and in any event the Borrower shall not be required to pay any Commitment Fee under Section 3.04(a) of this Agreement in respect of such Defaulting Lender’s Unfunded Portion for the period during which such Lender is a Defaulting Lender.

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

  • Performance by the Borrower of its obligations under this Agreement and the other Loan Documents shall not be excused or otherwise modified as a result of the operation of this Section, except to the extent expressly set forth herein and in any event the Borrower shall not be required to pay any Facility Fee under Section 3.05(a) of this Agreement in respect of such Defaulting Lender’s Unfunded Portion for the period during which such Lender is a Defaulting Lender.

  • Performance by Borrower of its obligations under this Agreement and the other Loan Documents shall not be excused or otherwise modified as a result of the operation of this Section, except to the extent expressly set forth herein and in any event the Borrower shall not be required to pay any Revolving Credit Facility Fee under Section 2.9 of this Agreement in respect of such Defaulting Lender’s Unfunded Portion of the Revolving Credit for the period during which such Lender is a Defaulting Lender.

  • If the Agent did make available to Borrower the Unfunded Portion pursuant to Section 2.03(c), then the Agent shall apply the amounts so received --------------- to the repayment of the Unfunded Portion advanced by the Agent.

  • On May 31, 2024, the Enterprise shall pay to the Bank a nonrefundable fee (the “Original Amount Non-Use Fee”), which shall be in the amount of 0.30% of the weighted average balance of the Original Amount Unfunded Portion from the Closing Date to May 31, 2024.

  • Unfunded Portion of an Advance – Section 29.8(a) of this Agreement.

  • Once the Unfunded Portion has been purchased by the applicable Underfunding Lender from the SD Fronting Lenders as required herein, the Unfunded Portion so purchased shall constitute such Underfunding Lender’s Rateable Portion of the Loan for purposes of this Agreement.

  • The Administrative Agent may equitably adjust, in its sole and reasonable determination, the Pro Rata Shares of any payment or fee to be shared among the Lenders to give effect to any Unfunded Portion of an Advance or Advances in respect of any Lender or Lenders hereunder and any Lender or Lenders that may have covered the same, in each case with respect to fundings effected under the first paragraph of clause (a) above.

  • Upon receipt of a SD Notice from a Borrower that results in an Unfunded Portion, the Administrative Agent shall provide notice to each SD Fronting Lender as to the amount of the Unfunded Portion that they are required to fund (which, for certainty, shall be an equal amount for each such SD Fronting Lender).


More Definitions of Unfunded Portion

Unfunded Portion means the Original Amount Unfunded Portion and the Increased Amount Unfunded Portion.
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Unfunded Portion has the meaning set forth in Section 4.1(b)(iii) hereof.
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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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Unfunded Portion shall have the meaning set forth in Section 3.6.1.
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Related to Unfunded Portion

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, 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 (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • 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 Vested Liabilities means, for any Plan at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued benefits under such Plan exceeds 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 Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Exposure Shortfall means, on any date of determination, an amount equal to the greater of (x) 0 and (y) the aggregate Unfunded Exposure Amount minus the amounts on deposit in the Unfunded Exposure Account.