Unused Capital Commitment definition

Unused Capital Commitment means, with respect to an Investor, the amount of such Investor’s Capital Commitment as of any date reduced by the aggregate amount of contributions made by that Investor at all previous Drawdown Dates and any Catch-up Date pursuant to Section 1.01(b) and Section 1.02(b), respectively.

Unused Capital Commitment means, with respect to an Investor, the amount of such Investor’s Capital Commitment as of any date reduced by the aggregate amount of contributions made by that Investor at all previous Capital Drawdown Dates and any Catch-Up Date pursuant to Section 1(b) and Section 2(c), respectively.

Unused Capital Commitment means, with respect to a Subscriber, the amount of such Subscriber’s Capital Commitment as of any date reduced by the aggregate amount of contributions made by that Subscriber at all previous Capital Drawdown Dates and any Catch-Up Date pursuant to Section 1.01(b) and Section 1.02(b), respectively.

Examples of Unused Capital Commitment in a sentence

• On each Drawdown Date (as defined below), the Investor agrees to purchase from the Company, and the Company agrees to issue to the Investor, a number of Shares equal to the Drawdown Share Amount (as defined below) at an aggregate price equal to the Drawdown Purchase Price (as defined below); provided, however, that in no circumstance will an Investor be required to purchase Shares for an amount in excess of its Unused Capital Commitment (as defined below).

• Notwithstanding anything to the contrary contained in this Agreement and except as otherwise required by a nonwaivable provision of applicable law, the liability of a Limited Partner for any losses of the Fund in no event shall exceed, in the aggregate (without duplication): (i) the amount of its Unused Capital Commitment, and (ii) its share of the undistributed assets and profits of the Fund.

• The Investor and the Company agree and acknowledge that any dividends received by the Investor or reinvested by the Company on the Investor’s behalf shall have no effect on the amount of the Investor’s Unused Capital Commitment.

• As of the date hereof, the aggregate amount of the Capital Commitments of each Investor of such Borrower is set forth on Exhibit A; and the aggregate Unused Capital Commitment that could be subject to a Drawdown is set forth on Exhibit A.

• On each Capital Drawdown Date (as defined below), the Subscriber agrees to purchase from the Company, and the Company agrees to issue to the Subscriber, a number of Shares equal to the Drawdown Share Amount at an aggregate price equal to the Drawdown Purchase Price; provided, however, that in no circumstance will a Subscriber be required to purchase Shares for an amount in excess of its Unused Capital Commitment.

More Definitions of Unused Capital Commitment

Unused Capital Commitment means, with respect to any Partner and as of any point in time, such Partner’s Capital Commitment less the sum of (A) the Capital Contribution Value of such Partner, plus (B) all amounts such Partner is obligated to contribute to the Fund as of such time pursuant to an outstanding Capital Call Notice. The Unused Capital Commitment is subject to increase in cases of:

Unused Capital Commitment shall have the meaning given to such term in the Subscription Agreement, provided, however, that any amount subject to a Pending Drawdown shall be excluded from the applicable Investor’s Unused Capital Commitment.

Unused Capital Commitment means, with respect to a Subscriber, the amount of such Subscriber’s Capital Commitment as of any date reduced by the aggregate amount of contributions made by that Subscriber at all previous Capital Drawdown Dates pursuant to Section 1.01(b). For the avoidance of doubt, if the applicable date of determination occurs following the delivery of a Funding Notice to such Subscriber but prior to the Capital Drawdown Date in respect thereof, the amount specified in such Funding Notice (as it may be amended in accordance with this Agreement) shall not be included in such Subscriber’s Unused Capital Commitment unless such amount remains unpaid following the Capital Drawdown Date and any cure period pursuant to Section 3.01.

Unused Capital Commitment means, with respect to a Subscriber, the amount of such Subscriber’s Capital Commitment as of any date reduced by the aggregate amount of contributions made by that Subscriber at all previous Drawdown Dates and any Catch-up Date pursuant to Sections 3.2 and 5.2, respectively.

Unused Capital Commitment means, with respect to an Investor, the amount of such Investor’s Capital Commitment as of any date reduced by the aggregate amount of capital contributions made by that Investor at all previous Drawdown Dates pursuant to Section 1.01(b).

Unused Capital Commitment means, with respect to any Partner and as of any date of determination, the amount of such Partner's Capital Commitment plus all Permitted Reinvestment Amounts with respect to such Partner as of such date minus the amount of all Capital Contributions made by that Partner as of such date. For the avoidance of doubt, Capital Contributions to fund Management Fees shall reduce the Unused Capital Commitment of the Partner making such contribution.

Unused Capital Commitment with respect to any Investor, has the meaning given thereto in the applicable Subscription Agreement (as in effect on the date hereof).