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
If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Lender, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Lender in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(e)(i) in an aggregate amount equal to the amount of such excess.
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. (a) the aggregate amount of outstanding Revolver Loans; plus (b) the aggregate outstanding LC Obligations.
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.