Applicable Utilization Level means on any date the level set forth below that corresponds to the percentage, at the close of business on such day, equivalent to the (i) Facility Usage divided by (ii) the Borrowing Base (the “Utilization Percent”): Applicable Utilization Level Utilization Percent Level I less than 25% Level II greater than or equal to 25% but less than 50% Level III greater than or equal to 50% but less than 75% Level IV greater than or equal to 75% but less than 90% Level V Greater than or equal to 90%
Applicable Utilization Level means, with respect to Loans, on any date, the level set forth below that corresponds to the percentage at the close of business on such day equivalent to the (i) aggregate amount of outstanding Facility Usage at such time divided by (ii) the Borrowing Base then in effect (the “Utilization Percentage”): Applicable Utilization Level Utilization Percentage Level I less than 25% Level II equal to or greater than 25%, but less than 50% Level III equal to or greater than 50%, but less than 75% Level IV equal to or greater than 75%, but less than 90% Level V equal to or greater than 90%, but less than 100% Level VI equal to or greater than 100%, but less than 110% Level VII equal to or greater than 110%
Applicable Utilization Level means, with respect to Loans, on any date, the level set forth below that corresponds to (A) during the Overadvance Period, the percentage at the close of business on such day, equivalent to the (i) aggregate amount of outstanding Facility Usage at such time divided by (ii) the Conforming Borrowing Base then in effect and (B) after the Overadvance Period, the percentage at the close of business on such day, equivalent to the (i) aggregate amount of outstanding Facility Usage at such time divided by (ii) the Borrowing Base then in effect (the “Utilization Percentage”): Applicable Utilization Level Utilization Percentage Level I less than 25% Level II equal to or greater than 25%, but less than 50% Level III equal to or greater than 50%, but less than 75% Level IV equal to or greater than 75%, but less than 90% Level V equal to or greater than 90%, but less than 100% Level VI equal to or greater than 100%, but less than 110% Level VII equal to or greater than 110%
More Definitions of Applicable Utilization Level
Applicable Utilization Level means, with respect to Loans, on any date the level set forth below that corresponds to the aggregate amount of outstanding Facility Usage, at the close of business on such day: Applicable Utilization Level Utilization Percent Level I less than or equal to 50% Level II greater than 50% but less than or equal to 75% Level III greater than 75% but less than or equal to 90% Level IV greater than 90% As used herein, the term “Utilization Percent” means on any date, at the close of business on such day: (i) the aggregate amount of outstanding Facility Usage at such time divided by (ii) the Borrowing Base then in effect.
Applicable Utilization Level means, with respect to Loans, on any date the level set forth below that corresponds to the percentage, at the close of business on such day, equivalent to the (i) Facility Usage divided by (ii) the Borrowing Base (the "Utilization Percent"): ================================================================= APPLICABLE UTILIZATION LEVEL UTILIZATION PERCENT ---------------------------- ------------------- ----------------------------------------------------------------- Level I less than or equal to 50% ----------------------------------------------------------------- Level II greater than 50% but less than or equal to 75% ----------------------------------------------------------------- Level III greater than 75% =================================================================
Applicable Utilization Level means, with respect to Loans, on any date, the level set forth below that corresponds to the percentage, at the close of business on such day, equivalent to the (i) aggregate amount of outstanding Facility Usage at such time divided by (ii) the Borrowing Base then in effect (the “Utilization Percentage”): Applicable Utilization Level Utilization Percentage Level I less than 25% Level II equal to or greater than 25%, but less than 50% Level III equal to or greater than 50%, but less than 75% Level IV equal to or greater than 75%, but less than 90% Level V equal to or greater than 90% Mid-Con Energy Properties, LLC Credit Agreement
Applicable Utilization Level means on any date the level set forth below
Applicable Utilization Level means on any date the level set forth below that corresponds to the percentage, at the close of business on such day, equivalent to the (i) Facility Usage divided by (ii) the Borrowing Base (the "Utilization Percent"): ====================================================================== Applicable Utilization Level Utilization Percent ----------------------------------------------------------------------- Level I less than or equal to 33% ----------------------------------------------------------------------- Level II greater than 33% but less than or equal to 60% ----------------------------------------------------------------------- Level III greater than 60% but less than or equal to 85% ----------------------------------------------------------------------- Level IV greater than 85% ======================================================================
Applicable Utilization Level means on any date the level set forth below that corresponds to the percentage, at the close of business on such day, equivalent to the (i) Total Outstandings divided by (ii) the Borrowing Base (the “Utilization Percent”): Applicable Utilization Level Utilization Percent Level I Greater than or equal to 75% Level II Greater than or equal to 50% but less than 75% Level III Less than 50% provided, however, that on any date on or before the later of (i) the date that is one year after the Closing Date and (ii) the date when all Obligations in respect of the Term Loans have been paid in full, the Applicable Utilization Level shall be Level I.
Applicable Utilization Level means, with respect to Loans, on any date, the level set forth below that corresponds to the percentage at the close of business on such day equivalent to the (i) aggregate amount of outstanding Facility Usage at such time divided by (ii) the Borrowing Base then in effect (the “Utilization Percentage”):