Available Unutilized Commitment definition

Available Unutilized Commitment for each Bank, shall mean the excess of (i) the Commitment of such Bank over (ii) the sum of (x) the aggregate outstanding principal amount of Loans made by such Bank plus (y) an amount equal to such Bank's Adjusted Percentage of the Letter of Credit Outstandings at such time.
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Available Unutilized Commitment for each Lender, shall mean the excess of (i) the Commitment of such Lender over (ii) the sum of (x) the aggregate outstanding principal amount of Loans made by such Lender plus (y) such Lender's Percentage of the Letter of Credit Outstandings at such time.
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Available Unutilized Commitment for each Bank, shall mean the excess of (a) the Commitment of such Bank over (b) the aggregate outstanding principal amount of Revolving Credit Loans made by such Bank.
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Examples of Available Unutilized Commitment in a sentence

  • Except as otherwise set forth herein, any Loans or Borrowings made under the Swing Line Commitment shall count as a Loan for all purposes hereunder (except for the calculation of the Fees payable under Section 3.01(a) hereof), and, specifically, such Loans or Borrowings shall reduce the amount available to Borrower under the Total Commitment, provided, such Loans or Borrowings shall not reduce the Available Unutilized Commitment of the Swing Line Bank.

  • Specifically, such Loans or Borrowings shall reduce the amount available to Borrower under the Total Commitment (except for calculation of the Fees due under Section 3.01(a)), provided, such Loans or Borrowings shall not reduce the Available Unutilized Commitment of any Bank making such Loans.

  • The Borrower will not permit the sum of (x) unrestricted cash and Cash Equivalents held by the Borrower and its Subsidiaries plus (y) the lesser of (i) the Total Available Unutilized Commitment and (ii) $50,000,000, to be less than $100,000,000 at any time.