Minimum Utilization definition

Minimum Utilization means (a) during the Ramp-Up Period, 0% (b) after the Ramp-Up Period but prior to the end of the Revolving Period, 65% of the Facility Amount, and (c) thereafter, 0%.

Minimum Utilization means (a) on any day following the Ramp-Up Period, 65% of the Facility Amount, and (b) at all other times, zero.

Minimum Utilization means (a) on any day following the end of the Ramp-Up Period and prior to the end of the Revolving Period, 70% of the Facility Amount, and (b) at all other times, 0%.

Examples of Minimum Utilization in a sentence

• A Redeveloper (s) shall comply with all applicable federal, state and local laws, ordinances, executive orders and regulations regarding nondiscrimination and affirmative action, including the City Guidelines for Minimum Utilization of Minority Enterprises, dated January 1, 1981 as may be amended, and the "Equal Opportunity and Nondiscrimination Guidelines" in Exhibit "E", attached.

• SHP Criterion 5 - Minimum Utilization The proposed project is not requesting to establish a new ESRD facility; thus, Policy Statement Number 10 is not applicable to the CON application.

• Notwithstanding the foregoing, if during any month of the Amendment Period Vendor provides Services exceeding the Minimum Utilization: (i) the Base Payment Installment or February Payment for that month shall be waived, and the Board shall not pay the Base Payment Installment or February Payment attributable to that month; and (ii) in lieu of the Base Payment Installment or February Payment, Vendor shall return to receiving payments for that month in accordance with Section 4.A. of the Original Agreement.

• A Redeveloper(s) shall comply with all applicable federal, state and local laws, ordinances, executive orders and regulations regarding nondiscrimination and affirmative action, including the City Guidelines for Minimum Utilization of Minority Enterprises, dated January 1, 1981 as may be amended, and the "Equal Opportunity and Nondiscrimination Guidelines" in Exhibit "E", attached.

• Computations of the Minimum Utilization Fee shall be made by the Administrative Agent.

• The Borrower shall pay, in accordance with Section 2.04, pro rata to each Lender, an unused fee (the “Unused Fee”) payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (a) one divided by three hundred and sixty (360), (b) the applicable Unused Fee Rate and (c) the positive difference, if any, of the Facility Amount less the greater of (i) the Advances Outstanding on such date and (ii) the Minimum Utilization.

• On each Minimum Utilization Fee Payment Date during the Availability Period, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Lenders and as consideration for each Lender’s Commitment hereunder, the Minimum Utilization Fee.

• The Borrower shall pay, in accordance with Section 2.04, pro rata to each Lender, an unused fee (the "Unused Fee") payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (a) one divided by three hundred and sixty (360), (b) the applicable Unused Fee Rate and (c) the Facility Amount minus the greater of (i) the Advances Outstanding on such date and (ii) the Minimum Utilization.

• SHP Criterion 5 - Minimum Utilization The applicant projects 32.50 patients in year one, 42.25 patients in year two, and48.75 patients in year three for the proposed 10-station satellite ESRD facility.

• Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any actions taken by Buyer pursuant to this Section 4.4 and (c) Seller’s obligation to pay any Non-Usage Fee or Minimum Utilization Fee shall terminate upon such determination and Buyer shall reimburse Seller a pro-rated portion of the Upfront Fee based on the number of days remaining prior to the Expiration Date.

More Definitions of Minimum Utilization

Minimum Utilization means (a) on any day following the earlier to occur of (i) the date on which the 2022 Convertible Notes are terminated (whether by way of the conversion of the 2022 Convertible Notes, the payment in full of the 2022 Convertible Notes, any other purchase, redemption, retirement or other acquisition for value of the 2022 Convertible Notes, the setting apart for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of the 2022 Convertible Notes, or otherwise) and (ii) March 1, 2022 and prior to the end of the Revolving Period, 50.0% of the Facility Amount, and (b) at all other times, zero.

Minimum Utilization means the number of transplants expected to be performed annually.

Minimum Utilization on any date (a) prior to May 22, 2021, 50% of the Commitment Amount at such time, (b) on or after May 22, 2021, and prior to the Facility End Date, 75% of the Commitment Amount at such time and (c) on or after the Facility End Date, zero.

Minimum Utilization means (a) on any day following August 4, 2021 and prior to the end of the Revolving Period, 50.0% of the Facility Amount, and (b) at all other times, zero.

Minimum Utilization means the number of transplants expected to be performed annually. Minimum utilization requirements not specified in these standards shall be established by the department as experience permits.

Minimum Utilization means on any day during the Revolving Period, 75% of the Facility Amount, and (b) at all other times, 0%.