Outstanding Committed Obligations definition
Outstanding Committed Obligations has the meaning set forth in Section 2.10(b).
Examples of Outstanding Committed Obligations in a sentence
If there is any change in the Applicable Rate during any quarter, the actual daily amount of the Outstanding Committed Obligations shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with each such Lender's Pro Rata Share, a utilization fee equal to the amount set forth under the heading "Utilization Fee" in the definition of Applicable Rate times the actual daily aggregate Outstanding Amount of Committed Loans and L/C Obligations (such aggregate amount, the "Outstanding Committed Obligations").