Total Unutilized Revolving Loan Commitment definition

Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.
Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the then Total Revolving Loan Commitment, less (y) the sum of the aggregate principal amount of Revolving Loans and Swingline Loans then outstanding plus the then aggregate amount of Letter of Credit Outstandings.
Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment as in effect at such time less (y) the sum of the Aggregate Multicurrency Facility RL Exposure at such time and the Aggregate Dollar Facility RL Exposure at such time.

Examples of Total Unutilized Revolving Loan Commitment in a sentence

  • Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 3.02 shall apply to reduce the Revolving Loan Commitments of the various RL Lenders pro rata based on their respective RL Percentages.

  • Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 4.02 shall apply to reduce the Revolving Loan Commitments of the various RL Lenders pro rata based on their respective RL Percentages.

  • Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 3.02 shall apply to proportionately and permanently reduce the Revolving Loan Commitment of each RL Lender (based on their respective RL Percentages).

  • Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 4.02 shall apply (i) to reduce the Revolving Loan Commitments of the various RL Lenders pro rata based on their respective RL Percentages and (ii) to reduce the Total Revolving A Loan Capacity and/or the Total Revolving B Loan Capacity, as specified by the U.S. Borrower, by an amount which, in the aggregate, equals the reduction in the Total Revolving Loan Commitment pursuant to the immediately preceding clause (i).

  • The US Company hereby elects in accordance with Section 4.02(a) of the Credit Agreement to reduce the Total Unutilized Revolving Loan Commitment by an amount equal to $50,000,000, applied proportionally to permanently reduce the Revolving Loan Commitment of each Lender.


More Definitions of Total Unutilized Revolving Loan Commitment

Total Unutilized Revolving Loan Commitment means, at any time, the sum of the Unutilized Revolving Loan Commitments of each of the Banks.
Total Unutilized Revolving Loan Commitment means, at any time, (i) the Total Revolving Loan Commitment at such time less (ii) Total Revolving Outstandings at such time.
Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment then in effect, less (y) the sum of (I) the aggregate principal amount of Revolving Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Alternate Currency Revolving Loans then outstanding) plus (II) the aggregate principal amount of Swingline Loans then outstanding plus (III) the then aggregate amount of Letter of Credit Outstandings plus (IV) the aggregate principal amount of all Competitive Bid Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Alternate Currency Competitive Bid Loans then outstanding).
Total Unutilized Revolving Loan Commitment means, at any time, (i) the Total Revolving Loan Commitment at such time LESS (ii) the sum of the aggregate Principal Amount of all Revolving Loans and Swingline Loans at such time PLUS the Letter of Credit Outstandings at such time.
Total Unutilized Revolving Loan Commitment means, at any time, the Total Revolving Loan Commitment at such time less (i) the Outstanding Amount of all Revolving Loans at such time and (ii) the Outstanding Amount of all L/C Obligations at such time.
Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment then in effect less
Total Unutilized Revolving Loan Commitment means, at any time, (i) the Total Revolving Loan Commitment at such time less (ii) the aggregate principal amount of all Revolving Loans outstanding at such time.