Minimum Utilization Amount definition

Minimum Utilization Amount means, for any day, an amount equal to 50% of the aggregate commitments of the Lenders as of the close of business on such day.
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Minimum Utilization Amount means, with respect to any Lender, an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.
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Minimum Utilization Amount means, for any day, an amount equal to 35% of the aggregate Commitments of the Lenders as of the close of business on such day.
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Examples of Minimum Utilization Amount in a sentence

  • The amount of each Advance requested by the Borrower thereafter shall not be less than the difference of the Minimum Utilization Amount less the aggregate principal amount of all outstanding Advances at such time.

  • If the utilization in any period is greater than or equal to the Minimum Utilization Amount, Buyer shall not be paid a Non-Utilization Fee for that period.

  • As used herein, “Daily Non-Utilization Fee Calculation Amount” means, for each day, an amount equal to the excess (if any) of (x) the Adjusted Maximum Facility Amount in effect on such day over (y) the greater of the Minimum Utilization Amount and the Loan Amount on such day.

  • If the MSR Utilization Amount for any month is less than the Minimum Utilization Amount, Borrower shall pay to Bank a Non-Utilization Fee for such month.

  • If the Actual Utilization Amount for any such period is less than the Minimum Utilization Amount, Seller shall pay to Buyer on such date, a Non-Utilization Fee for such period.


More Definitions of Minimum Utilization Amount

Minimum Utilization Amount means, with respect to any Lender for (x) any day during the 2022 Convertible Notes Refinancing Distribution Period, an amount equal to zero percent (0%) of the Commitment of such Lender as of the close of business on such day and (y) any day other than a day set forth in the foregoing clause (x), an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.
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Minimum Utilization Amount means an amount of outstanding Advances equal to $60,000,000.
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Minimum Utilization Amount shall have the meaning set forth on Schedule 4.
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Minimum Utilization Amount means twenty five percent (25%) of Seller’s Concentration Limit.
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Minimum Utilization Amount means 70% of the Aggregate Commitment.
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Minimum Utilization Amount means, as of any date of determination during the Revolving Period, an amount equal to 35% of the Facility Limit, provided however that during a Minimum Utilization Holiday, the Minimum Utilization Amount shall be equal to zero; provided further, that the Minimum Utilization Amount will be zero for any date of determination occurring after the end of the Revolving Period.
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Minimum Utilization Amount means on any date an amount equal to (x) the Adjusted Maximum Facility Amount times (y) the “Target Utilization Percentage” for such date set out below Initial Credit Date Two month anniversary of the Initial Credit Date 0.0% Two month anniversary of the Initial Credit Date Three month anniversary of the Initial Credit Date 25.0% Three month anniversary of the Initial Credit Date Six month anniversary of the Initial Credit Date 50.0% Six month anniversary of the Initial Credit Date Nine month anniversary of the Initial Credit Date 65.0% Nine month anniversary of the Initial Credit Date The calendar day immediately preceding the First Amendment Date 85.0% The calendar day immediately preceding the First Amendment Date Three month anniversary of the First Amendment Date 50.0% Three month anniversary of the First Amendment Date Six month anniversary of the First Amendment Date 60.0% Six month anniversary of the First Amendment Date Nine month anniversary of the First Amendment Date 70.0% Nine month anniversary of the First Amendment Date Twelve month anniversary of the First Amendment Date 75.0% Twelve month anniversary of the First Amendment Date Last day of the Availability Period 82.5% For the avoidance of doubt, the Target Utilization Percentage is zero during the Amortization Period.
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