Minimum Utilization Amount definition

Minimum Utilization Amount means, for any day, an amount equal to 35% of the aggregate Commitments of the Lenders as of the close of business on such day.

Minimum Utilization Amount means, for any day, an amount equal to 50% of the aggregate commitments of the Lenders as of the close of business on such day.

Minimum Utilization Amount means, with respect to any Lender for any day, an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.

Examples of Minimum Utilization Amount in a sentence

• NHS England may make use of the information received or collected.

• Therefore, the Borrower acknowledges that the Lender shall be entitled to charge Deficit Utilization Charges from the Borrower if the cumulative drawdowns from the Facility is less than the Minimum Utilization Amount during the Minimum Utilization Period.

• This activity also requires a proprietary authorization, as the activity is located on sovereign submerged lands held in trust by the Board of Trustees of the Internal Improvement Trust Fund (Board of Trustees), pursuant to Article X, Section 11 of the Florida Constitution, and Sections 253.002 and 253.77, F.S. The activity is not exempt from the need to obtain a proprietary authorization.

• If the Actual Utilization Amount for any such period is less than the Minimum Utilization Amount, Seller shall pay to Buyer on such date, a Non-Utilization Fee for such period.

More Definitions of Minimum Utilization Amount

Minimum Utilization Amount means, with respect to any Lender for (x) any day during the 2022 Convertible Notes Refinancing Distribution Period, an amount equal to zero percent (0%) of the Commitment of such Lender as of the close of business on such day and (y) any day other than a day set forth in the foregoing clause (x), an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.

Minimum Utilization Amount means twenty five percent (25%) of Seller’s Concentration Limit.

Minimum Utilization Amount means, with respect to any Lender, an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.

Minimum Utilization Amount shall have the meaning set forth on Schedule 4.

Minimum Utilization Amount means, as of any date of determination during the Revolving Period, an amount equal to 35% of the Facility Limit, provided however that during a Minimum Utilization Holiday, the Minimum Utilization Amount shall be equal to zero; provided further, that the Minimum Utilization Amount will be zero for any date of determination occurring after the end of the Revolving Period.

Minimum Utilization Amount means, as of any date of determination, fifty percent (50%) of the lesser of (i) the Maximum Commitments with respect to all Lenders as of such date, and (ii) fifty million dollars ($50,000,000).

Minimum Utilization Amount means 40% of the Facility Limit.