Unfunded Commitments Sample Clauses
The Unfunded Commitments clause defines the obligations of parties to provide capital or funding that has been promised but not yet delivered under an agreement. In practice, this clause typically outlines the schedule, conditions, and procedures for making future capital contributions, such as in private equity or investment fund contexts, where investors commit to provide funds as needed rather than all at once. Its core function is to ensure clarity and enforceability regarding outstanding financial obligations, thereby reducing uncertainty and managing the risk of insufficient funding for ongoing or future operations.
Unfunded Commitments. To Agent in writing, promptly upon the occurrence thereof, (i) any failure by any Sotheby Entity to fund any unfunded commitment to make future Art Loans upon satisfaction of the conditions precedent to such funding obligation or (ii) any dispute between any Sotheby Entity and any Art Loan Debtor regarding the obligation of any Sotheby Entity to make an Art Loan pursuant to any such unfunded commitment.
Unfunded Commitments. Except as set forth on Schedule 7 hereof, there are no Unfunded Commitments in respect of any Transferred Interest.
Unfunded Commitments. Except as set forth on Schedule 7 hereof, there are no Unfunded Commitments in respect of any Aircraft.
Unfunded Commitments. The amount equal to the Total Commitment minus the -------------------- ----- sum of the outstanding aggregate principal amount of all Loans. Unsecured Subordinated Promissory Note. Collectively, the promissory notes -------------------------------------- evidencing the Indebtedness permitted by (S)7.1(o)(i) and (ii), in each case, in form and substance (including any modifications thereof) satisfactory to the Agent.
Unfunded Commitments. Serial No. Comments --------- ---------------------------------------------------------------------- 21426 Obligation to provide modification financing pursuant to Letter Agreement No. 1, dated February 5, 1993. 21427 Obligation to provide modification financing pursuant to Letter Agreement No. 1, dated February 5, 1993. 21947 Obligation to provide modification financing pursuant to Letter Agreement No. 1, dated February 5, 1993. 47082 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47096 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47617 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47734 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. SCHEDULE 8 RECEIVABLES AND RECEIVABLE DOCUMENTS Principal Balance as of 4/1/97: Receivable Agreements ------------- --------------------- $114,385.00 Purchase Money Promissory Note, dated February 9, 1995, by American International Airlines, Inc. ("Borrower") payable to First Security Bank of Utah, National Association ("Lender"), as owner trustee under that certain Trust Agreement dated as of June 27, 1986, for the benefit of Polaris Aircraft Income Fund II, in the original principal sum of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (U.S. $1,980,000). Executed pursuant to that certain Aircraft Purchase Agreement, dated January 27, 1995, and secured by that certain Aircraft Security Agreement and Chattel Mortgage, dated _____________, pertaining to one hushkitted Boeing 727-200 bearing MSN 19455 and FAA No. N4735. $390,211.80 Promissory Note, dated March 4, 1996, by WestJet Airlines Ltd. ("Maker") payable to First Security Bank of Utah, National Association ("Payee"), as owner trustee under that certain Amended and Restated Trust Agreement dated as of March 23, 1988, for the benefit of Polaris Aircraft Income Fund II, in the original principal sum of Eight Hundred and Forty-three Thousand Two Hundred Dollars ($843,200). Executed pursuant to that certain Aircraft Sale Agreement, dated as of March 4, 1996, between Maker and Payee, as owner trustee, and secured by that certain Aircraft Security Agreement of the same date, pertaining to one Boeing ▇▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, and including one ▇▇▇▇▇ & ▇▇▇▇▇▇▇ JT8D-9A Engine, Serial No. 665497...
Unfunded Commitments. After giving effect to the proposed Borrowing, the aggregate amount of (i) Unfunded Commitments of Investors (excluding, without duplication, Defaulting Investors and Defaulting Members (as such term is defined in the Operating Agreement)), plus (ii) Controlled Cash, shall not be less than one hundred percent (100%) of the amount of the Principal Obligation. [Reserved]
Unfunded Commitments. Make, extend or commit to any Unfunded -------------------- Commitments other than those set forth on Schedule 3.13(b) and as permitted pursuant to Section 6.8(f).
Unfunded Commitments. The Disclosure Document includes a list of each fully or partially unfunded loan commitment of First Security.
Unfunded Commitments. After giving effect to the proposed Borrowing, the aggregate amount of (i) Unfunded Commitments of Investors (excluding, without duplication, Defaulting Investors and Defaulting Members (as such term is defined in the Operating Agreement)), plus (ii) Controlled Cash, shall not be less than fortyone hundred percent (4100%) of the amount of the Principal Obligation. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Syndicated Loans to the other Type of Syndicated Loan, or a continuation of Eurocurrency Rate Loans) submitted by a Borrower Party shall be deemed to be a representation and warranty that the conditions specified in Sections 7.02(a) and 7.02(b) have been satisfied on and as of the date of the applicable Credit Extension.
Unfunded Commitments. Note 2 and Note 5 provide for future advance funding up to and including the total principal amount stated therein. Notwithstanding such language, Note 2 and Note 5 are hereby modified to terminate any obligation for future funding by the Bank under Note 2 or Note 5.