Loan Usage definition

Loan Usage means, as of the close of business on any Business Day, the ratio of: (a)
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Examples of Loan Usage in a sentence

  • In no event shall Agent make an Agent Advance if the aggregate Revolving Loan Usage (including such Agent Advance) would exceed the Maximum Amount.

  • Upon the written request of the Majority Lenders, Agent agrees that it promptly will make demand upon Borrower pursuant to Section 4.1 for repayment of the amount by which the ----------- Revolving Loan Usage exceeds the Availability.

  • The term "Minimum Loan Usage Fee" shall have the meaning ascribed to such term in Section 2.10 hereof.

  • The Borrower will use the proceeds of the Delayed Draw Term Loans solely for any Permitted Delayed Draw Term Loan Usage.

Related to Loan Usage

  • 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.

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

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.