Percent Utilization definition
Percent Utilization means the percentage determined at the end of each fiscal quarter by dividing (a) the daily average aggregate principal amount of Loans and face amount of Letters of Credit outstanding during such quarter then ended by (b) the aggregate Commitments of the Lenders at the beginning of such quarter.
Percent Utilization means, at any time, the percentage amount determined by dividing (a) the daily average aggregate principal amount of Revolving Credit Loans (including Reimbursement Obligations) and Letters of Credit outstanding during the most recently ended Fiscal Quarter, by (b) the aggregate Revolving Credit Commitments of the Lenders at such time.