Utilized Revolving Commitment definition

Utilized Revolving Commitment means, for any Borrower for any day from the Closing Date to the Maturity Date, an amount equal to the sum of (a) the aggregate principal amount of all Loans outstanding on such day to such Borrower and (b) the aggregate L/C Obligations of such Borrower then outstanding.
View Source
Utilized Revolving Commitment means, for any day that the Utilization Fees are required to be paid pursuant to Section 3.4(b), the amount equal to the principal amount of Loans outstanding on such day.
View Source
Utilized Revolving Commitment means, for any day from the Closing ----------------------------- Date to the Revolving Commitment Termination Date, an amount equal to the outstanding aggregate principal amount of all Loans.
View Source

Examples of Utilized Revolving Commitment in a sentence

  • Immediately after giving effect to the making of a Loan (and the application of the proceeds thereof) or issuance or renewal of the Letter of Credit, the Utilized Revolving Commitment shall not exceed the Revolving Loan Commitment.

  • If at any time the amount of the Utilized Revolving Commitment exceeds the Revolving Loan Commitment, one or more of the Borrowers shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1 hereof.

  • If at any time the amount of the Utilized Revolving Commitment exceeds the Revolving Loan Commitment, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1 hereof.

  • Immediately after giving effect to the making of a Loan (and the application of the proceeds thereof), the Utilized Revolving Commitment shall not exceed the Revolving Loan Commitment.

  • If at any time (x) the amount of the Utilized Revolving Commitment exceeds the Revolving Loan Commitment or (y) the amount of the Utilized Revolving Commitment of any Borrower exceeds such Borrower’s Sublimit, one or more of the Borrowers shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1 hereof.

  • Immediately after giving effect to the making of a Loan (and the application of the proceeds thereof) or issuance or renewal of the Letter of Credit, (x) the Utilized Revolving Commitment shall not exceed the Revolving Loan Commitment and (y) the Utilized Revolving Commitment of any Borrower shall not exceed such Borrower’s Sublimit.

  • For each day that the principal amount of ---------------- outstanding Loans hereunder shall exceed an amount equal to thirty three percent (33%) of the Revolving Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent (.125%) on the Utilized Revolving Commitment for such day (the "Utilization Fees").

  • For each day that the principal amount of outstanding Loans hereunder shall exceed an amount equal to thirty three percent (33%) of the Revolving Loan Commitment, the Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent (.125%) on the Utilized Revolving Commitment for such day (the "Utilization Fees").


More Definitions of Utilized Revolving Commitment

Utilized Revolving Commitment with respect to any Lender, at any time, shall mean an amount equal to the sum of (I) the aggregate principal amount of all Revolving Loans, Canadian Term Loans, Swingline Loans and Canadian Swingline Loans made by such Lender (including any Affiliate of any such Lender acting as a Canadian Lender) and then outstanding (taking the Dollar Equivalent of the principal amount or Face Amount, as the case may be, in the case of Canadian Loans then outstanding) plus (II) such Lender's Dollar Percentage of the Letter of Credit Outstandings at such time plus (III) the product of (A) the aggregate principal amount of all Competitive Bid Loans made by such Lender and then outstanding and (B) such Lender's Dollar Percentage of the Total Revolving Commitment."
View Source
Utilized Revolving Commitment for any Lender with a Revolving ----------------------------- Commitment at any time shall mean the sum of (i) the aggregate outstanding principal amount of Revolving Loans made by such Lender plus (ii) an amount equal to such Lender's Revolving Percentage of the Letter of Credit Outstandings at such time.
View Source
Utilized Revolving Commitment for any Lender with a Revolving Commitment at any time shall mean the sum of (i) the aggregate outstanding principal amount of Revolving Loans made by such Lender plus (ii) an amount equal to such Lender's Revolving Percentage of the Letter of Credit Outstandings at such time. "Voting Stock" shall mean, with respect to any corporation, the outstanding stock of all classes (or equivalent interests) which ordinarily, in the absence of contingencies, entitles holders thereof to vote for the election of directors (or Persons performing similar functions) of such corporation, even though the right so to vote has been suspended by the happening of such a contingency.
View Source
Utilized Revolving Commitment means, for any Borrower for any day from the Closing Date to the Maturity Date, an amount equal to the sum of (a) the aggregate principal amount of all Loans outstanding on such day to such Borrower and
View Source

Related to Utilized Revolving Commitment

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”