Threshold Usage Amount definition
Threshold Usage Amount means, as of any date of determination, that the Revolver Usage exceeds $1,000,000.
Threshold Usage Amount means an amount equal to fifty percent (50%) of the Borrowing Base as calculated under the definition of "Borrowing Base" in SECTION 1.1 but without making any deductions therefrom in respect of the Reserve or the Letter of Credit Reserve.
Examples of Threshold Usage Amount in a sentence
Agent shall have the right in its reasonable discretion in the exercise of reasonable credit judgment to establish a Reserve at any time when the aggregate outstanding balance of all Revolving Credit Loans plus the Letter of Credit Reserve exceeds the Threshold Usage Amount.