Unused Commitment. With respect to any Lender as of any date of determination, the excess of (i) the Commitment then in effect for such Lender, over (ii) the then unpaid principal balance of the Note owned by such Lender as of such date of determination, after giving effect to all principal payments to be received by such Lender on such date of determination.
Appears in 2 contracts
Sources: Credit Agreement (Interpool Inc), Credit Agreement (Interpool Inc)