Average RCF Loan Utilization definition

Average RCF Loan Utilization on each date on which the Commitment Fee is being calculated, the average of the daily quotient of (i) the sum of (x) the Aggregate Canadian RCF Lender Exposure plus (y) the Aggregate U.S. RCF Lender Exposure (excluding any Aggregate U.S. RCF Lender Exposure resulting from any outstanding Swing Line Loans) calculated on each date of the three-month period immediately preceding such date, divided by (ii) the sum of (x) the Total Canadian RCF Commitments plus (y) the Total U.S. RCF Commitments, in each case on each such date.
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Related to Average RCF Loan Utilization

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Average Revolver Usage means, with respect to any period, the sum of the aggregate amount of Revolver Usage for each day in such period (calculated as of the end of each respective day) divided by the number of days in such period.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.