Total Utilization of Commitments definition
Total Utilization of Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans and (b) the aggregate Letter of Credit Usage.
Total Utilization of Commitments means, as at any date of determination, the aggregate principal amount of all outstanding Loans.
Total Utilization of Commitments means at any date of determination the aggregate principal amount of all Advances outstanding at such date.
Examples of Total Utilization of Commitments in a sentence
During the Availability Period, each of the Lenders hereby severally and not jointly agrees to, on each Drawdown Date, make its portion of the relevant Advance available through the Facility Agent to the Borrower if, immediately after giving effect to such Advance, (i) the amount of such Advance to be funded by such Lender does not exceed such L▇▇▇▇▇’s Pro Rata Share of Available Commitments and (ii) the Total Utilization of Commitments does not exceed the Commitments then in effect.
More Definitions of Total Utilization of Commitments
Total Utilization of Commitments means, as at any date of determination, the sum of the aggregate principal amount of all outstanding Loans.
Total Utilization of Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (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), (b) the aggregate principal amount of all outstanding Swing Line Loans, and (c) the Letter of Credit Usage.
Total Utilization of Commitments means the average daily aggregate Exposures of all Lenders.
Total Utilization of Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing the L/C Issuer for any amount drawn under any Letter of Credit but not yet so applied) PLUS (ii) the aggregate amount of all issued and outstanding Letters of Credit.
Total Utilization of Commitments means at any date of determination the sum of (i) the aggregate principal amount of all Committed Advances outstanding at such date plus (ii) the aggregate principal amount of all Bid Advances outstanding at such date plus (iii) the Letter of Credit Usage determined as of such date.
Total Utilization of Commitments means, as at any date of determination, the sum of (a) the U.S. Revolving Exposure plus (b) the Canadian Revolving Exposure.
Total Utilization of Commitments means, as at any date of determination, the aggregate Outstanding Credit Amounts of all Lenders.