Total Unused Commitment definition

Total Unused Commitment at any time, an amount equal to the remainder of (x) the Total Revolving Commitments then in effect less (y) the Aggregate Exposure at such time.
View Source
Total Unused Commitment means, at the time any determination thereof is to be made, the sum of the respective Unused Commitments of the Banks at such time.
View Source
Total Unused Commitment means at any time the amount equal to the remainder of (x) the Total Commitment as in effect at such time minus (y) the Aggregate Exposure at such time.
View Source

Examples of Total Unused Commitment in a sentence

  • Borrower may, upon at least 3 Domestic Business Days' notice to Bank, terminate at any time, or proportionately reduce from time to time by an aggregate amount of at least $1,000,000 or any larger multiple of $100,000, the Commitment; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitment on the date of such termination or reduction.

  • The issuance of a Letter of Credit pursuant to this Section 2.13(a) shall be deemed to be a Borrowing for purposes of the satisfaction of the applicable conditions set forth in Article VI hereof, and shall reduce the Total Unused Commitment of the Banks then in effect by an amount equal to the Stated Amount of such Letter of Credit as set forth herein.

  • The amount in case of reducing a portion of the Total Commitment Amount shall be 50 million yen or greater, with the amount being the integral multiple of 50 million yen and less than the Total Unused Commitment Amount.


More Definitions of Total Unused Commitment

Total Unused Commitment at any time, an amount equal to the remainder of (x) the Total Revolving Commitments then in effect less (y) the Aggregate ExposureTotal Revolving Extensions of Credit at such time.
View Source