Line Utilization definition

Line Utilization means the making of any Revolving Advance (as defined in the Loan and Security Agreement dated December 31, 2002 between Company and Silicon Valley Bank) on or prior to December 31, 2003.
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Line Utilization means that percentage derived from the calculation: average outstanding balance for the month in question divided by the Line of Credit Amount, expressed as a percentage.
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Examples of Line Utilization in a sentence

  • However, the City will assess any new water or wastewater customer connecting to the water or sewer service constructed by DEVELOPER a Line Utilization Fee based upon the number of ERU’s of the excess capacity to be utilized by the new customer.

  • If, at any time, (a) the Revolving Line Utilization exceeds the lesser of (i) the Revolving Line or (ii) the Borrowing Base, or (b) the Singapore Utilization exceeds the lesser of (i)(1) the Revolving Line minus (2) the outstanding aggregate amount of US Advances, or (2) the Singapore Sublimit, then Borrowers shall immediately pay to Bank in cash the amount of such excess (such excess, the “Overadvance”).

  • The CITY shall keep an accounting of customers paying the Line Utilization Fee, which may be reviewed by DEVELOPER at any reasonable time.

  • The Line Utilization Fees collected will be paid on a monthly basis to the Developer no later than the twentieth (20th) day of the month following the month collected.

  • If, at any time, (a) the Revolving Line Utilization exceeds the Revolving Line or (b) the Singapore Utilization exceeds the lesser of (i) the Revolving Line, or (ii) the Singapore Sublimit, then Borrowers shall immediately repay to Bank Advances in cash at least in the amount of such excess.

  • If, at any time, (a) the Revolving Line Utilization exceeds the Revolving Line or (b) the Singapore Utilization exceeds the lesser of (i)(1) the Revolving Line minus (2) the outstanding aggregate amount of US Advances, or (ii) the Singapore Sublimit, then Borrowers shall immediately repay to Bank Advances in cash at least in the amount of such excess (in each case such excess, the “Overadvance”).

  • If, at any time, the Revolving Line Utilization exceeds the lesser of either (i) the Revolving Line or (ii) the Borrowing Base (each such instance, an “Overadvance”), then Borrower shall immediately repay to Bank Advances in cash at least in the amount of such excess.

  • The methodology for the calculation of the Line Utilization Fee reimbursement is described in Exhibit C.

  • If, at any time, (a) the Revolving Line Utilization exceeds the Revolving Line or (b) the Singapore Utilization exceeds the lesser of (i) the Revolving Line and (ii) the Singapore Sublimit, then Borrowers shall immediately repay to Bank Advances in cash at least in the amount of such excess (in each case such excess, the “Overadvance”).

  • If, at any time, (a) the Revolving Line Utilization exceeds the Revolving Line or (b) the Singapore Utilization exceeds the lesser of (i) the Revolving Line, or (ii) the Singapore Sublimit, then Borrowers shall immediately repay to Bank Advances in cash at least in the amount of such excess; provided that Singapore Borrower’s obligations pursuant to this Section 2.2 shall only be for any Advances related to the Singapore Utilization.