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Commitment Utilization Day definition

Commitment Utilization DayÌýmeans any day on which the aggregate outstanding principal amount of Loans shall equal or exceed 50% of the Revolving Credit Sublimit (whether or not the Commitments shall have terminated on or prior to such day).
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Commitment Utilization DayÌýmeans any day on which the aggregate outstanding principal amount of Loans shall exceed 50% of the total Commitments.
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Commitment Utilization DayÌýmeans any day on which the -------------------------- sum of the aggregate outstanding principal amount of all Loans plus the ---- aggregate LC Exposure exceeds 50% of the Total Commitment.
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Examples of Commitment Utilization Day in a sentence

  • I conclude by explaining how Baker’s problematic notions of local incompatibility and non-additivity, if they are seen in the light of Wittgenstein’s criticisms of certain views of the completeness of philosophical or logical accounts, nevertheless point in the right direction.IntroductionMany regard Gordon Baker as one of the most important contemporary Wittgenstein scholars.

  • Each Fixed Rate Loan shall bear interest at a rate per annum equal to the Fixed Rate plus for any Commitment Utilization Day, the Additional Margin.

  • The Loans comprising each Base Rate Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Revolving Loan, the Adjusted Base Rate plus the Applicable Rate plus for any Commitment Utilization Day, the Applicable Additional Margin; or (ii) in the case of a Term Loan, the Adjusted Base Rate plus the Applicable Rate.

  • The Loans constituting each Eurodollar Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the Applicable Margin plus, for any Commitment Utilization Day, the Additional Margin.

  • Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the Base Rate for such day plus, for any Commitment Utilization Day, the Applicable Additional Margin.

  • The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Syndicated Eurocurrency Borrowing, the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the Applicable Rate plus, for any Commitment Utilization Day, 0.125%, or (ii) in the case of a Competitive Eurocurrency Borrowing, the LIBO Rate for the Interest Period for such Borrowing plus (or minus, as applicable) the Margin applicable to such Loan.

  • The Loans constituting each Syndicated Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted Eurocurrency Rate for the Interest Period for such Borrowing plus the Applicable Rate plus, with respect to any Syndicated Eurocurrency Loan denominated in Dollars, for any Commitment Utilization Day, the Additional Margin.

  • The Loans constituting each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus, for any Commitment Utilization Day, 0.125%.

  • The Loans constituting each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate PLUS, for any Commitment Utilization Day, 0.125% per annum.

  • The Loans constituting each Eurodollar Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period for such Borrowing PLUS the Applicable Margin PLUS, for any Commitment Utilization Day, 0.125% per annum.


More Definitions of Commitment Utilization Day

Commitment Utilization DayÌýmeans (a) so long as any Commitments hereunder are in effect, each day that the sum of the aggregate outstanding principal amount of the Syndicated Loans and the aggregate LC Exposures exceeds 50% of the Commitments and (b) following the termination of the Commitments hereunder, each day on which any Syndicated Loans are outstanding hereunder.
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Related to Commitment Utilization Day

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Total Utilization of Revolving 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 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) the aggregate principal amount of all outstanding Swing Line Loans, and (iii) the Letter of Credit Usage.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • 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.