Loan Usage definition
Loan Usage means, as of the close of business on any Business Day, the ratio of: (a)
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.