COMMITMENTS AND CONTINGENCIES Legal Proceedings In the ordinary course of business, we may be subject to legal and regulatory proceedings and examinations that are generally incidental to our ongoing operations. While there can be no assurance of the ultimate disposition of any such proceedings or examinations, we do not believe their disposition will have a material adverse effect on our condensed consolidated financial statements. In addition, in connection with activities of one of our investment advisor subsidiaries that occurred prior to our acquisition of such investment advisor, we expect to make certain voluntary reimbursements and other payments to certain investors and CLOs currently or formerly managed by such investment advisor. As a result of a contractual arrangement we expect to be fully indemnified for these payments by the seller of such investment advisor and do not believe they will have a material adverse impact on our consolidated financial statements. Lease Commitments On September 16, 2011, we entered into a new lease agreement related to our corporate headquarters at 250 Park Avenue, New York (the  Lease ). The Lease commenced on July 6, 2012 and has a term of 10.5 years . The Lease replaced the prior lease for our corporate headquarters, which expired on July 20, 2012. The future minimum commitments under the Lease are as follows: (In thousands) Remainder of 2012 $ 402 2013 1,205 2014 1,607 2015 1,607 2016 1,607 Thereafter 10,296 $ 16,724 Other Commitments and Contingencies We had unfunded investment commitments on loans within the Consolidated CLOs of $65.3 million and $83.3 million as of September 30, 2012 and December 31, 2011 , respectively. The timing and amount of additional funding on these loans are at the discretion of the borrower, to the extent the borrower satisfies certain requirements and provides certain documentation.