Total Unutilized Commitment definition

Total Unutilized Commitment means, at any time, an amount equal to the remainder of (i) the Total Commitment then in effect, less (ii) the sum of the aggregate principal amount of Revolving Loans and Swingline Loans outstanding plus the then aggregate amount of Letter of Credit Outstandings.
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Total Unutilized Commitment means, at any time, an amount equal to the remainder of (x) the Total Commitment as in effect at such time less (y) the Aggregate Exposure at such time.
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Total Unutilized Commitment means, at any time, the sum of the Unutilized Commitments of the Lenders at such time.
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Examples of Total Unutilized Commitment in a sentence

  • Pursuant to Section 3.02 of the Credit Agreement, the Borrower hereby terminates the Total Unutilized Commitment in whole, effective as of the Third Amendment Effective Date.

  • In the event more than one Applicable Commitment Fee Percentage or Total Unutilized Commitment amount is in effect during a Calendar Quarter, the Commitment Fee shall be determined by calculating a separate fee for each portion of such Calendar Quarter to which a different Applicable Commitment Fee Percentage or Total Unutilized Commitment amount applied and adding such separate fees together to determine the total Commitment Fee for such Calendar Quarter.

  • The aggregate -------------------------------- principal amount of each Borrowing, shall not be less than the lesser of (a) $5,000,000 and, if greater, shall be an integral multiple of $1,000,000 and (b) the Total Unutilized Commitment.

  • Each reduction of the Total Unutilized Commitment under subsections (C) and (D) of this Section shall be applied to reduce the scheduled reduction amounts in subsection (B) in chronological order.

  • Such commitment fee shall accrue from and including the date hereof to but excluding the date of termination of the Commitment on the daily average Total Unutilized Commitment.


More Definitions of Total Unutilized Commitment

Total Unutilized Commitment means at any time for the determination thereof, the Total Commitment less the aggregate outstanding principal amount of all Loans at such time.
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Total Unutilized Commitment means, at any time, the sum of the Unutilized Commitments of each Lender at such time.
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Total Unutilized Commitment means, at any time, (i) the Total Commitment at such time less (ii) the sum of the aggregate principal amount of all Loans outstanding at such time.
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Total Unutilized Commitment means, at any time, the aggregate amount of the Commitment available to be borrowed by the Borrower pursuant to Section 2.01 at such time less the aggregate outstanding principal amount of all Loans (exclusive of any PIK Interest Amounts added to the principal balance of the Loans in accordance with Section 2.06(c)).
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Total Unutilized Commitment means, at any time, an amount equal to the remainder of
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Total Unutilized Commitment available for “Loans” under the Existing Revolving Credit Agreement. $________
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Total Unutilized Commitment means the Total Commitment in effect at such time less the aggregate outstanding principal amount of all Loans made by all Lenders at such time.
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