Unfunded Reserve Required Amount definition

Unfunded Reserve Required Amount means an amount equal to the aggregate sum of:

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Unfunded Reserve Required Amount has the meaning specified in Section 8.04.

Unfunded Reserve Required Amount means, with respect to each Delayed Drawdown Collateral Obligation included in the Collateral, an amount equal to the aggregate sum of:

Examples of Unfunded Reserve Required Amount in a sentence

The Borrower will maintain on deposit in the Unfunded Reserve Account an amount in the relevant Eligible Currenc(ies) equal to the Unfunded Reserve Required Amount; provided that, during the Reinvestment Period (but not after), at the option of the Borrower (or the Collateral Manager on the Borrower’s behalf), the Unfunded Reserve Required Amount shall not include the Delayed Draw Equity Amount.

More Definitions of Unfunded Reserve Required Amount

Unfunded Reserve Required Amount means, with respect to each Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation included in the Collateral, the greater of : (I) the Dollar Equivalent of an amount equal to: (i) the aggregate sum of the Unfunded Exposure Amount in respect of all such Delayed Drawdown Collateral Obligations and Revolving Collateral Obligation, minus (ii) the Unfunded Exposure Amount in respect of each such Delayed Drawdown Collateral Obligation or Revolving Collateral Obligation included in the Collateral times the Asset Current Price of such Delayed Drawdown Collateral Obligation or Revolving Collateral Obligation (expressed as percentage of par) times the Advance Rate then in ef fect for such Delayed Drawdown Collateral Obligation or Revolving Collateral Obligation; and (II) the excess, if any, of (x) the sum of the Unfunded Exposure Amount and the Loan Amount (Revolver) over (y) the Adjusted Maximum Facility Amount (Revolver). provided that af ter the Availability Period (Revolver) or upon the occurrence of an Event of Default, the Unfunded Reserve Required Amount shall equal the Unfunded Exposure Amount. “Unrestricted Cash” means “Unrestricted Cash” or any comparable term in the Underlying Instruments for any Collateral Obligation, and in any case that “Unrestricted Cash” or such comparable term is not defined in such Underlying Instruments, all cash available for use for general corporate purposes and not held in any reserve account or legally or contractually restricted for any particular purposes or subject to any lien (other than blanket liens permitted under or granted in accordance with such Underlying Instruments), as reflected on the most recent financial statements of the related obligor that have been delivered to the Borrower. “Unsettled Purchase Asset” means, as of any date, an asset that a Borrower Entity has Committed to Acquire and in respect of which the Acquisition by such Borrower Entity has not yet settled. “Unsettled Sale Asset” means, as of any date, a Collateral Obligation that a Borrower Entity has Committed to sell and in respect of which the sale by such Borrower Entity has not yet settled.

Unfunded Reserve Required Amount means on any date of determination an amount determined by the Borrower (or the Collateral Manager on its behalf) required to be on deposit in the Unfunded Reserve Account (converting all amounts not denominated in Dollars to Dollars at the Applicable Exchange Rate) equal to: (a) at all times during the Reinvestment Period: (i) the aggregate unfunded commitments in respect of all Delayed Draw Collateral Assets and Revolving Collateral Assets (other than Delayed Draw Collateral Assets and Revolving Collateral Assets which are no longer required to be funded due to a default or similar condition and the related unfunded commitment is terminated), multiplied by (ii) 100% minus the product of the Advance Rate then in effect for such Collateral Assets times the Asset Value of such Collateral Asset (expressed as percentage of par); and (b) after the Reinvestment Period, the sum of: (i) the aggregate unfunded commitments in respect of all Delayed Draw Collateral Asset and Revolving Collateral Assets (other than Delayed Draw Collateral Assets and Revolving Collateral Assets which are no longer required to be funded due to a default or similar condition and the related unfunded commitment is terminated), plus (ii) the aggregate amount of funds needed to settle purchases of Collateral Assets committed to be acquired by the Borrower prior to the end of the Reinvestment Period that have not yet settled. “Unintended Recipient” has the meaning specified in Section 9.02(a)(i). “United States” means the United States of America. “Unmatured Event of Default” means the occurrence and continuance of any event referred to in Section 7.01 that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default. USActive 60058040.860058040.11 -61-

Unfunded Reserve Required Amount means, during the Reinvestment Period, an amount equal to the aggregate sum of: USActive 59109857.15