Line Usage definition

Line Usage means, with respect to any day, the ratio (expressed as a percentage) of (a) the sum of (i) the Outstanding Amount of Revolving Credit Loans on such day and (ii) the Outstanding Amount of L/C Obligations on such day to (b) the Aggregate Commitments in effect on such day.
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Line Usage means, for any period, the percent equal to (a) the average daily aggregate amount of outstanding Revolving Exposure for all Lenders for such period divided by (b) the average aggregate amount of Revolving Commitments for all Lenders during such period.
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Examples of Line Usage in a sentence

  • Line Usage: Customer agrees that for voice services purchased with unlimited calling plans, if Spectrotel finds that the volume of usage is over and above what is considered Standard Business Use for the Service, Spectrotel may place the service line on a measured usage plan for the duration of applicable Service Agreement with notice to Customer.

  • A per annum fee, payable monthly to the Administrative Agent, in arrears, in an amount equal to Seventy-Five Hundredths of One Percent (0.075%) (which shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed) of the daily unused portion of the Revolving Line, as determined by the Administrative Agent, at any time that the principal balance of the outstanding Revolving Line Usage (at the end of such day) is less than the Revolving Line.

  • If at any time the aggregate Revolving Line Usage exceeds the aggregate Revolving Commitments, the Borrower shall prepay within one (1) Business Day after the receipt of a written request by the Administrative Agent therefor, in cash in the amount of such excess of the Advances and cash collateral of the Letter of Credit Obligations pursuant to Section 2.1(a)(iii).

  • Line Usage: for any period, the percent equal to (a) the average daily amount of outstanding Obligations for such period divided by (b) the average amount of Revolver Commitments during such period.

  • Phone Line Usage (outgoing calls) is a variable charge and will be billed semimonthly, due within 10 days of statement date.

  • Line Usage: for any period, the percent equal to (a) the average daily amount of outstanding Obligations for such period divided by (b) the average amount of Revolver Commitments (minus the Availability Block) during such period.

  • Such audits shall be requested within six (6) months of having received the Percent Line Usage (PLU) factor and usage reports from the other Party, and may not be requested more than twice per year.

  • The Lender may choose to not assess any of the fees to any or all of the Borrowers based on its sole discretion including the fees, merchant fees, Conditional Interest on Continued Line Usage, late fee etc.

  • A Line Usage Charge in the amount established in accordance with Exhibit B shall be owed in respect of each Indirect Transaction (which for the avoidance of doubt does not include any transaction where BNP Paribas acts as both Prime Broker and as Dealer with respect to the corresponding Dealer Transaction).

  • Canceling of Line Usage by Us. We may at any time review your account and, based upon our credit criteria for determining the likelihood of repayment of your account, cancel your use of the Credit Line without notifying you.

Related to Line Usage

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Line Cap means at any time, the lesser of (i) the Aggregate Commitments and (ii) the then-applicable Borrowing Base.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).