Total Utilization definition

Total Utilization means the sum, at any time of (a) the outstanding principal amount of the Loans, plus (b) outstanding Letter of Credit Obligations.
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Total Utilization means, as of any date, the sum of the principal amounts of (a) Loans outstanding under this Credit Agreement on such date plus (b) LOC Obligations outstanding under this Credit Agreement on such date plus (c) loans outstanding under the Multi-Year Credit Agreement on such date plus (d) the sum, without duplication, of the stated amounts of all letters of credit outstanding on such date under the Multi-Year Credit Agreement plus all drawn but unreimbursed amounts on such date under such letters of credit.
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Total Utilization means, as of any date of determination, the sum of the aggregate amount of all outstanding Revolving Loans, plus the Letter of Credit Usage, and plus the Term Loans, if any.
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Examples of Total Utilization in a sentence

  • Anything contained in this Agreement to the contrary notwithstanding, the Revolving Loans and the Revolving Loan Commitments shall be subject to the limitation that in no event shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving Loan Commitments then in effect.

  • Anything contained in this Agreement to the contrary notwithstanding, the Swing Line Loans and the Swing Line Loan Commitment shall be subject to the limitation that in no event shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving Loan Commitments then in effect.

  • Anything contained in this Agreement to the contrary notwithstanding, the Revolving Loans and the Revolving Loan Commitments shall be subject to the limitation that in no event shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving Loan Commitment Amount then in effect.

  • Company shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect.

  • Borrower shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect.


More Definitions of Total Utilization

Total Utilization means, as at any date of determination, the aggregate principal amount of all outstanding Revolving Loans.
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Total Utilization means, as of any date of determination, the sum of the following, without duplication:
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Total Utilization means, with respect to any Class of Revolving Commitments, as at any date of determination, the sum of (i) the Dollar Equivalent of the aggregate principal amount of all outstanding Revolving Loans of such Class (other than Revolving Loans made for the purpose of repaying any refunded Swing Line Loans or reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) in the case of any U.S. Revolving Commitment, to the extent Lenders of such Class are required by this Agreement to purchase risk participations therein, the aggregate principal amount of all outstanding Swing Line Loans, and (iii) in the case of any U.S. Revolving Commitment, to the extent Lenders of such Class are required by this Agreement to purchase risk participations therein, the L/C Obligations.
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Total Utilization means, as at any time of determination, the sum of (i) the aggregate principal amount of all Pro Rata Loans outstanding at such time PLUS (ii) the aggregate principal amount of all Bid Rate Loans outstanding at such time; PROVIDED that Total Utilization shall be determined without duplication of Pro Rata Loans, the proceeds of which are used to refund other Pro Rata Loans or Bid Rate Loans.
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Total Utilization means, at any date of determination, the sum of ----------------- the aggregate principal amount of all Revolving Loans and Acquisition Term Loans then outstanding.
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Total Utilization means with respect to the Lenders, at any time, the sum of (a) the aggregate principal amount of the Lenders’ Loans at such time and (b) the Lenders’ LC Exposure at such time. The Total Utilization of any Lender at any time shall be such Lender’s Pro Rata Share of the aggregate Total Utilization at such time.
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Total Utilization contained in subsection 1.1 of the Credit Agreement is hereby amended by (i) deleting the punctuation "." from the end of clause (vi) of such definition and substituting "; plus" therefor and (ii) adding the following at the end of such definition:
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