Average Daily Usage definition

Average Daily Usage the average of the result of the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, (b) the aggregate amount of all Letter of Credit disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, and (c) the aggregate principal balance of any Loans (including Swingline Loans) outstanding at such time for each day of the immediately preceding calendar quarter.

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Average Daily Usage the average of the Usage for each day of the immediately preceding calendar month (or quarter for purposes of determining the Letter of Credit Fee or Commitment Fee Rate).

Average Daily Usage means the number of Bottles dispensed in a period as calculated by dividing the Rx Bottles Sold by the number of calendar days in such period.

Examples of Average Daily Usage in a sentence

The Billing Demand for the month is the Customer’s Winter Average Daily Usage.
The Customer’s Winter Average Daily Usage will be calculated annually and will be the sum of the Customer’s total usage in the previous billing cycles for the months of December, January, and February, divided by the sum of the total number of days in those billing cycles.
The Commitment Fee set forth in the grid at each level shall be increased by 10 basis points for any calendar quarter if both (i) the Average Daily Usage Percentage in such quarter is less than 25%, and (ii) the Average Daily Usage Percentage in the immediately preceding calendar quarter was less than 25%.
To the extent the Pipeline Days exceed [***] days ("Excess Pipeline Days") as of the First Sales Booking Date, an amount will be due to Prometheus, within [***] days after AstraZeneca's receipt of the applicable wholesaler inventory information, equal to [***]%1 of the product of (x) the number of Excess Pipeline Days times (y) the Average Daily Usage for the Period and times (z) the wholesale acquisition cost ("WAC") on a per Bottle basis on the First Sales Booking Date.
To the extent the Pipeline Days exceed [***] days ("PLI Excess Pipeline Days") as of the termination date, an amount will be due to AstraZeneca, within [***] days after Prometheus' receipt of the applicable wholesaler inventory information, equal to [***]%1 of the product of (x) the number of PLI Excess Pipeline Days times (y) the Average Daily Usage for the [***] days of Period 2 prior to the termination date and times (z) the WAC on a per Bottle basis on the termination date.
The Prime Rate Margin applicable to Prime Rate Advances shall be determined on the basis of Borrower’s most recent quarterly Average Daily Usage, as determined by Bank.
APC acknowledges that the Village may not be able to supply water in excess of the Projected Average Daily Usage amount and the Projected Maximum Daily Usage amount without further expansion and improvement of the Village water facilities, and the Village is not committing to such further expansion and improvements of the Village water facilities by entering into this Agreement.
In the event APC plans to utilize more water than the Benchmark Average Daily Usage or Benchmark Maximum Daily Usage, APC shall notify the Village’s Water Superintendent or the Village’s Director of Public Works.
The calculations to determine the Benchmark Average Daily Usage and Benchmark Maximum Daily Usage shall be made using the Village metered billing data for the water supplied to APC.
The Village maintains the right and authority to deny the request for increase in the Projected Average Daily Usage and/or Projected Maximum Daily Usage, if in the sole determination of the Village the additional water cannot be supplied without unduly compromising or adversely affecting the ability of the Village to provide potable water to the public, with or without additional infrastructure.

More Definitions of Average Daily Usage

Average Daily Usage the average of the Usage for each day of the immediately preceding fiscal quarter.

Average Daily Usage means, as of any date of determination, as calculated by Bank, the percentage determined by dividing (i) the average daily closing balance of the outstanding Advances under the Revolving Line determined as of the last day of the most recently ended calendar quarter by (ii) the Revolving Line.

Average Daily Usage the average of the Usage for each day of the immediately preceding fiscal quarter. “Bail-In Action”: the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. “Bail-In Legislation”: (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial

Average Daily Usage means, for any measurement period, the average of the Daily Balance of the Revolver Usage at the end of each day during such period.

Average Daily Usage means, for any period, the quotient of (a) the sum of (i) the sum of the principal balance of the Loans for each day of such period plus (ii) the sum of the Letter of Credit Usage for each day of such period divided by (b) the number of days in such period.