Total Utilization of Revolving Loan Commitments definition

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the aggregate principal amount of all outstanding Revolving Loans.

Examples of Total Utilization of Revolving Loan Commitments in a sentence

• Anything contained in this Agreement to the contrary notwithstanding, the Revolving Loans and the Revolving Loan Commitments shall be subject to the limitation that in no event shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving Loan Commitment Amount then in effect.

• Amount Company shall from time to time prepay first the Swing Line Loans and second the Revolving Loans (and, after prepaying all Revolving Loans, Cash Collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) to the extent necessary so that the Total Utilization of Revolving Loan Commitments shall not at any time exceed the Revolving Loan Commitment Amount then in effect.

• Notwithstanding the foregoing, this Section 6.6 shall be in effect (and shall only be in effect) as of the last day of any Fiscal Quarter when the ratio of (a) the Revolving Loan Commitments of all Revolving Lenders to (b) the Total Utilization of Revolving Loan Commitments (less (i) undrawn Letters of Credit issued on the Effective Date to backstop existing letters of credit and (ii) undrawn Letters of Credit) is less than or equal to 2.85:1.00.

• At such time as the Total Utilization of Revolving Loan Commitments shall be equal to or less than the Revolving Loan Commitment Amount, if no Event of Default has occurred and is continuing, to the extent any Cash Collateral was provided by Company and has not been applied to any Obligations as provided in the Pledge and Security Agreement, such amount may, at the request of Company, be released to Company.

More Definitions of Total Utilization of Revolving Loan Commitments

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) PLUS (b) the Letter of Credit Usage.

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of (a) reimbursing the applicable Issuing Lender for any drawing honored under any Letter of Credit issued for the account of a Domestic Borrower or (b) repaying the Domestic Overdraft Amount, in each case to the extent not yet so applied), plus (ii) the Letter of Credit Usage by the Domestic Borrowers plus (iii) the Domestic Overdraft Amount plus (iv) the aggregate principal amount of all outstanding Offshore Revolving Loans (other than Offshore Revolving Loans made for the purpose of (a) reimbursing the applicable Issuing Lender for any drawing honored under any Letter of Credit issued for the account of an Offshore Borrower or (b) repaying any Offshore Overdraft Amount in each case to the extent not yet so applied) plus (v) the Letter of Credit Usage by the Offshore Borrowers plus (vi) the Dollar Equivalent of the Offshore Overdraft Amounts plus (vii) amounts available under the Existing Holdings Senior Notes Redemption Sublimit plus (viii) amounts available under any Acquisition Sublimit.

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made, but not yet applied, for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), and (ii) the Letter of Credit Usage.

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus (ii) the aggregate principal amount of all outstanding Bid Rate Loans plus (iii) the Letter of Credit Usage plus (iv) the Overdraft Amount.

Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans made under the Revolving Loan Commitment or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit issued under the Revolving Loan Commitment but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans made under the Revolving Loan Commitment plus (iii) the Letter of Credit Usage with respect to all Letters of Credit issued under the Revolving Loan Commitment.

Total Utilization of Revolving Loan Commitments means at any time the aggregate of (a) the sum of the amount of Advances made to the Borrower pursuant to the Revolving Loan Commitments and the amount of Bid Advances, and (b) the amount of any Letter of Credit Exposure at such time.