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 Investment 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

• On the Closing Date, the Issuer (or the Asset Manager on its behalf) shall have delivered an Issuer Order and the Deposit to the Collateral Trustee and the Collateral Trustee shall have deposited such portion of the Deposit into the Unused Proceeds Account and Interest Reserve Account as directed by the Issuer or the Asset Manager on its behalf pursuant to such Issuer Order.

• Evidence of the establishment (and funding, if applicable) of the Expense Reserve Account, Interest Reserve Account and the Unused Proceeds Account required to be established on or prior to the Closing Date.

• Eligible Investments in the Unused Proceeds Account must mature no later than the Effective Date.

• The Collateral Trustee shall immediately upon receipt deposit in the Unused Proceeds Account the portion of the Deposit designated for deposit in the Unused Proceeds Account pursuant to Section 3.2(c).

• The amount deposited into the Unused Proceeds Account and Interest Reserve Account on the Closing Date shall be 100% of the Unused Proceeds.

More Definitions of Unused Proceeds

Unused Proceeds. That portion of the net proceeds on the Closing Date that was not (i) deposited into the Expense Reserve Account or the Variable Funding Account on the Closing Date, (ii) used to pay the purchase price of the Underlying Assets acquired on or prior to the Closing Date or (iii) used to repay financing incurred by the Issuer prior to the Closing Date in connection with the acquisition of the Collateral, plus, on and after the Determination Date relating to the first Payment Date following the Closing Date, all funds transferred from the Expense Reserve Account to the Unused Proceeds Account or the Interest Reserve Account.

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. The meaning specified in Section 10.3(c). “U.S. Person”: The meaning specified in Regulation S. “USA Patriot Act”: The meaning specified in Section 2.5(k)(xv). “Xxxxxxx Rule”: Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder. “XXXX Adjustment Amount”:

Unused Proceeds. The sum of (A) proceeds of the issuance and sale of the Notes remaining after the Issuer has purchased the Initial Collateral Debt Obligations 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 Collateral Debt Obligations, (B) the net proceeds received by the Issuer after the Closing Date and before the end of the Reinvestment Period from any Borrowings under the Class A-2 Notes and (C) the net proceeds received by the Issuer after the Closing Date and before the Class A-3 Commitment Termination Date, from any Draws under the Class A-3 Notes to the extent such proceeds have not been invested in Collateral Debt Obligations in accordance with the terms of this Indenture or credited to the Exposure Reserve Account provided that, until the Effective Date, the Unused Proceeds shall include the unfunded portion of the Class A-3 Note Commitments. Unused Proceeds shall not include any amounts deposited in the Expense Account in accordance with the terms of this Indenture.