Revolver Usage definition
Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.
Revolver Usage means, as of any date of determination, the amount of outstanding Advances.
Revolver Usage means, as of any date of determination, the amount of outstanding Revolving Loans (inclusive of Extraordinary Advances and Swingline Advances).
Examples of Revolver Usage in a sentence
Borrower may reduce the Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances not yet made as to which a request has been given by Borrower under Section 2.2(a).
Notwithstanding the foregoing, the Unused Line Fee will be waived if for each day of the six months immediately prior to applicable ULF Payment Date either: (i) Revolver Usage is equal to or greater than 35% of the Maximum Revolver Amount or (ii) Borrower maintained deposit balances in accounts with [***] and any other Lender of not less than $20,000,000 on an average basis for the 6 months immediately prior to the date of determination.
More Definitions of Revolver Usage
Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Revolving Loans (inclusive of Protective Advances), plus (b) the amount of the Letter of Credit Usage.
Revolver Usage means, as of any date of determination, the then extant amount of outstanding Advances.
Revolver Usage means, with respect to any day, the ratio (expressed as a percentage) of (a) the sum of (i) the Outstanding Amount of Revolving Credit Loans on such day and (ii) the Outstanding Amount of L/C Obligations on such day to (b) the Revolving Credit Commitments in effect on such day. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Revolving Credit Commitments for purposes of determining “Revolver Usage”.
Revolver Usage means, as of any date of determination, the sum of (a) the then extant amount of outstanding Advances, PLUS (b) the then extant amount of the Letter of Credit Usage.
Revolver Usage means the US Revolver Usage or the UK Revolver Usage, as the context requires.
Revolver Usage the aggregate amount of outstanding Revolver Loans, plus the aggregate Stated Amount of outstanding Letters of Credit. Royalties: all royalties, fees, expense reimbursement and other amounts payable by a Borrower under a License.
Revolver Usage. (a) the aggregate amount of outstanding Loans; plus (b) the aggregate Stated Amount of outstanding Letters of Credit, except to the extent Cash Collateralized by Borrowers.