Unused Revolving Credit Commitments definition

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations, provided that Swing Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitment of the Administrative Agent for purposes of computing the commitment fee under Section 2.1(a) hereof.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans.

Examples of Unused Revolving Credit Commitments in a sentence

• The Borrower shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments, provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments.

• Each Swing Line Bank severally agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $30,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance not to exceed the aggregate Unused Revolving Credit Commitments of the Lenders at such time.

• For purposes of this Section 8.05(a), the Lenders' respective pro rata shares of any amount shall be determined, at any time, according to the sum of (i) the aggregate principal amount of the Revolving Credit Advances outstanding at such time and owing to the respective Lenders, (ii) their respective pro rata Shares of the aggregate Available Amount of all Letters of Credit outstanding at such time and (iii) their respective Unused Revolving Credit Commitments at such time.

• The Borrower shall pay to the Administrative Agent for the rateable account of the Lenders in accordance with their Revolver Percentages a commitment fee of [Redacted for Confidentiality] per annum (computed, notwithstanding any provision to the contrary in this Agreement (including the use of the term "per annum"), on the basis of a year of 365 days or 366 days, as applicable, and actual days elapsed) on the average daily Unused Revolving Credit Commitments.

• The Borrower shall pay to the Administrative Agent for the rateable account of the Lenders in accordance with their Revolver Percentages a commitment fee of 0.25% per annum (computed, notwithstanding any provision to the contrary in this Agreement (including the use of the term "per annum"), on the basis of a year of 365 days or 366 days, as applicable, and actual days elapsed) on the average daily Unused Revolving Credit Commitments.

More Definitions of Unused Revolving Credit Commitments

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations; provided that Swing Loans outstanding from time to time shall not be deemed to reduce the Unused Revolving Credit Commitment of the Lenders for purposes of computing the Commitment Fee under Section 2.13(a) hereof.

Unused Revolving Credit Commitments means, at any time, (a) in the case of Revolving USD Credit Commitments the difference between the Revolving USD Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations allocable to the Revolving USD Credit Commitments and (b) in the case of Revolving Multicurrency Credit Commitments, the difference between the Revolving Multicurrency Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations allocable to the Revolving Multicurrency Credit Commitments; provided that Swing Loans outstanding from time to time shall not be deemed to reduce the Unused Revolving Credit Commitment of the Lenders for purposes of computing the Commitment Fee under Section 2.13(a) hereof.

Unused Revolving Credit Commitments means the Maximum Revolving Credit Amount in effect at such time LESS the sum of the Aggregate Outstanding Revolving Credit Extensions for each Revolving Credit Lender LESS the Letter of Credit Exposure and LESS the aggregate principal amount of Swing Line Loans then outstanding.

Unused Revolving Credit Commitments shall have the meaning assigned to such term in the Senior Facility Loan Agreement as in effect as of the date hereof.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of all Loans and Reimbursement Obligations and the maximum amount available to be drawn under all L/Cs then outstanding, provided that for purposes of computing the commitment fee under Section 3.1 hereof (a) Swing Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitment of the Swing Bank, and (b) Bid Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitment of the Bank that made such Bid Loans.

Unused Revolving Credit Commitments means, collectively, the Unused Multicurrency Revolving Credit Commitments and the Unused Transpacific Revolving Credit Commitments.

Unused Revolving Credit Commitments means, at any time, the difference between (a) the Revolving Credit Commitments then in effect and (b) the aggregate Revolving Credit Exposures (other than L/C Obligations that are Cash Collateralized) at such time; provided that Swing Line Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitments of the Administrative Agent for the sole purpose of computing the commitment fee of the Administrative Agent (and not for computing the commitment fee of the other Lenders hereto) under Section 2.09(a) hereof.