Example: ABC Co. has a credit line of MM with the bank. The borrower can borrower up to the lesser of (i) facility amount and (ii) 90% of the unfunded commitments of included investors. The borrower requested a new loan under line for $15MM. As of time of request, there are no outstanding loans on the facility. The funds total commitments are $250MM, of which $100MM have been funded. Therefore, $150MM are uncommitted. Question: Should the loan be approved? how the $50MM number was calculated? Answer: Yes. The borrower can borrow the lesser of $50MM and $135MM (90% of $150MM).

Exercise: Calculation of Available Commitment

Unfunded Commitments

aggregate Unfunded Commitments82,523,854$ of non-included Investors:

Unfunded Commitments

aggregate Unfunded Commitments165,632,789$ of included Investors:

aggregate Unfunded Commitments248,156,643$ of all Investors:

Calculation of Availability

[A] multiplied by ninety percent (90%)149,069,510$- how this number was calculated? Maximum Commitment156,000,000$- how this number was calculated? Available Commitment?

Based on the above. What is the maximum that the borrower can request to borrow?how this number was calculated?