Examples of Total Revolver Outstandings in a sentence
If the average daily unpaid balance of the sum of Total Revolver Outstandings (the “Usage Amount”) for any month does not equal the Aggregate Revolving Commitments, then the Borrower shall pay to the Agent, for the ratable benefit of Lenders holding the Revolving Commitments based on their Applicable Percentages, an unused line fee at a rate equal to one-half of one percent (0.50%) per annum on the amount by which the Aggregate Revolving Commitments exceeds such Usage Amount (the “Facility Fee”).
Other than as set forth in Section 2.1.4, the Canadian Borrower shall not request, and the Canadian Lenders shall not have any obligation to honor a request for, a Canadian Revolver Loan if (i) the Total Canadian Revolver Outstandings at such time (including the requested Canadian Revolver Loan) would exceed the Canadian Borrowing Capacity, or (ii) the Total Revolver Outstandings (including the requested Canadian Revolver Loan) would exceed the Aggregate Revolver Borrowing Capacity.
In no event shall Protective Advances be required that would cause the Total Revolver Outstandings to exceed the Total Revolver Commitments.
Matt, I would say the perspective on M&A, really, I wouldn't take much from this either way.
The US Borrower shall pay to the Administrative Agent for the Pro Rata benefit of the US Lenders, a fee equal to the product of the Applicable Unused Fee Rate times the amount by which the Total Revolver Commitments exceed the average daily balance of the Total Revolver Outstandings (excluding Swingline Loans) during any calendar quarter.
Revolver Commitment Increase Effective Date - as defined in Section 2.5.4. Revolver Excess Availability - as of any date of determination, an amount equal to the lesser of (a) the sum of (i) the US Revolver Excess Availability plus (ii) the Dollar Equivalent of the Canadian Revolver Excess Availability and (b) an amount equal to the Total Revolver Commitments minus the Total Revolver Outstandings.
Other than as set forth in Section 2.1.4, the US Borrower shall not request, and the US Lenders shall not have any obligation to honor a request for, a US Revolver Loan if (i) the Total US Revolver Outstandings at such time (including the requested US Revolver Loan) would exceed the US Borrowing Capacity, or (ii) the Total Revolver Outstandings (including the requested US Revolver Loan) would exceed the Aggregate Revolver Borrowing Capacity.
HERMÈS shall not be liable if Products are out of stock or unavailable.
If at any time Availability is less than $0.00, or any portion of the Total Revolving Outstandings exceeds any applicable Sublimit (an “Overadvance”), Borrower shall immediately, and without the necessity of demand by Lender, pay to Lender such amount as may be necessary to eliminate such Overadvance, and Lender shall apply such payment to the Total Revolver Outstandings so as to eliminate such Overadvance.
The Borrower shall pay to the Agent for the account of each Lender in accordance with its Applicable Percentage, an unused line fee, calculated on a per annum basis, equal to 0.50% times the average daily amount by which the Aggregate Revolving Commitments exceed the Total Revolver Outstandings (the “Unused Line Fee”).