Unused Proceeds definition

Unused Proceeds means an amount equal to any net proceeds of the issue of the Notes not used to purchase Collateral Debt Obligations on or prior to the Closing Date (as determined by the Portfolio Manager).

Unused Proceeds means all amounts standing to the credit of the Unused Proceeds Account from time to time;

Unused Proceeds. The meaning specified in Section 10.3(c).

Examples of Unused Proceeds in a sentence

• The Collateral Manager acting on behalf of the Issuer shall use commercially reasonable endeavours to purchase Collateral Obligations with an Aggregate Principal Balance (together with Collateral Obligations previously acquired) equal to at least the Target Par Amount out of the Balance standing to the credit of the Unused Proceeds Account during the Initial Investment Period.

• The remaining proceeds shall be retained in the Unused Proceeds Account and used to purchase (or enter into agreements to purchase) additional Collateral Debt Obligations during the Initial Investment Period (as defined in the Conditions).

• Investors should note that, prior to the Determination Date relating to the first Payment Date, the Collateral Manager may transfer some or all amounts standing to the credit of the First Period Reserve Account to the Unused Proceeds Account for the purpose of being applied toward the purchase of additional Collateral Debt Obligations.

• The remaining proceeds shall be retained in the Unused Proceeds Account and used to purchase (or enter into agreements to purchase) additional Collateral Obligations during the Initial Investment Period (as defined in the Conditions).

• The remaining proceeds shall be retained in the Unused Proceeds Account and used to purchase (or enter into agreements to purchase) additional Collateral Debt Obligations during the Initial Investment Period.

More Definitions of Unused Proceeds

Unused Proceeds means on the Amendment Date, that portion of the net proceeds that was not deposited into the Expense Reserve Account or the Revolver Funding Account on the Amendment Date or used to pay the purchase price of the Collateral Obligations purchased on or prior to the Amendment Date; and on any Measurement Date thereafter, any funds on deposit in or credited to the Ramp-Up Account.

Unused Proceeds means on the Closing Date, that portion of the net proceeds that was not deposited into the Expense Reserve Account, the Interest Reserve Account or the Variable Funding Account on the Closing Date or used to pay the purchase price of the Underlying Assets purchased on or prior to the Closing Date or to repay financing (if any) incurred by the Issuer prior to the Closing Date in connection with the acquisition of Collateral; and on any Measurement Date thereafter, any funds on deposit in or credited to the Unused Proceeds Account.

Unused Proceeds means the proceeds of the Tranche B-2 Terms Loans that are not to be utilized on the Incremental Effective Date in accordance with Section 13(a).

Unused Proceeds means the proceeds of the issuance and sale of the Notes remaining after the Issuer has purchased the Initial Loans on the Closing Date and has paid organizational expenses of the Issuer and the expenses of the issuance and offering of the Notes and thereafter minus any amount of such funds applied to purchase Additional Loans.

Unused Proceeds means an amount equal to the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date (or any other date when Notes are issued pursuant to Condition 17 (Additional Issuances).

Unused Proceeds means amounts deposited in the Unused Proceeds Account in accordance with Condition 3(i)(iii) (Unused Proceeds Account).

Unused Proceeds means the result of (i) the aggregate amount of Net Proceeds received by the Parent and contributed to either of the Borrowers as equity, or Net Proceeds received by the Borrowers, in connection with the issuance of any Permitted Debt or any equity offering (in each case, other than Additional Buildout Capital), plus (ii) Excess Cash Flow not used to prepay the Loans, less (iii) the aggregate amount of all such Net Proceeds and Excess Cash Flow previously employed by the Borrowers as Unused Proceeds in connection with any Investment, Acquisition, Restricted Payment or Restricted Purchase.