Excess Utilization Day means each day on which the Commitment Utilization Percentage exceeds 50%.
Excess Utilization Day each day on which the Commitment Utilization Percentage exceeds 50%.
Excess Utilization Day each day on which the Total Revolving Extensions of Credit on such day exceed 50% of the Total Revolving Commitments on such day.
Examples of Excess Utilization Day in a sentence
Excess Utilization Day during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Termination Date or such earlier date on which the Revolving Credit Commitments shall terminate as provided herein, commencing on the first of such dates to occur after the date hereof.
The Company agrees to pay to the Agent, for the account of each Bank, a utilization fee for each Excess Utilization Day at a rate per annum equal to 0.125% on the amount of such Bank's Aggregate Outstanding Extensions of Credit on such Excess Utilization Day.
More Definitions of Excess Utilization Day
Excess Utilization Day each day on which the Commitment Utilization Percentage exceeds 33%.
Excess Utilization Day means each day on which the Utilization Percentage exceeds 33.3%.
Excess Utilization Day means each day on which the Commitment Utilization Percentage exceeds 25%.
Excess Utilization Day any day on which the sum of the Aggregate Revolving Credit Outstandings of all Lenders exceeds 50% of the Aggregate Revolving Credit Commitments.
Excess Utilization Day means each day (a) which is during any consecutive period of more than 91 days during each of which the Commitment Utilization Percentage exceeds 33 1/3%, (b) which is after the 91st day of such period and (c) on which the Commitment Utilization Percentage exceeds 33 1/3%.
Excess Utilization Day any day on which (i) the sum of the Aggregate Total Outstandings of all Lenders, PLUS the Aggregate Total Outstandings of all Lenders under (and as defined in) the Medium-Term Facility, exceeds (ii) (a) with respect to Rating Category III and above, 50% of the aggregate amount of the Revolving Credit Commitments hereunder and the Revolving Credit Commitments under (and as defined in) the Medium-Term Facility (or, in each case, with respect to any day after termination of such Revolving Credit Commitments, 50% of the aggregate amount of such Revolving Credit Commitments in effect on the date immediately prior to the date on which such Revolving Credit Commitments terminated) and (b) with respect to Rating Category IV and below, 25% of the aggregate amount of the Revolving Credit Commitments hereunder and the Revolving Credit Commitments under (and as defined in) the Medium-Term Facility (or, in each case, with respect to any day after termination of such Revolving Credit Commitments, 25% of the aggregate amount of such Revolving Credit Commitments in effect on the date immediately prior to the date on which such Revolving Credit Commitments terminated).
Excess Utilization Day any day on which the sum of the Aggregate Total Outstandings of all Lenders, plus the Aggregate Total Outstandings of all Lenders under (and as defined in) the Existing Credit Agreement, exceeds, 33.33% of the aggregate amount of the Revolving Credit Commitments hereunder and the Revolving Credit Commitments under (and as defined in) the Existing Credit Agreement (or, in each case, with respect to any day after termination of such Revolving Credit Commitments, 33.33% of the aggregate amount of such Revolving Credit Commitments in effect on the date immediately prior to the date on which such Revolving Credit Commitments terminated).