Unused Commitments definition
Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to Borrower or another Person or otherwise pursuant to any loan document, written instrument or otherwise.
Unused Commitments means, at any time, the difference between the Commitments then in effect and the aggregate outstanding principal amount of Loans and L/C Obligations.
Unused Commitments means, at any time, the difference between (a) the Commitments then in effect and (b) the aggregate outstanding principal amount of Revolving Loans, Swing Loans and L/C Obligations then outstanding (other than L/C Obligations that are Cash Collateralized); provided that Swing Loans outstanding from time to time shall be deemed to reduce the Unused Commitment of the Administrative Agent for purposes of computing the commitment fee under Section 2.12(a).
Examples of Unused Commitments in a sentence
The Advances and Unused Commitments of any Defaulting Lender (other than ▇▇▇▇ Bank USA and its Affiliates) shall be disregarded in determining Required Lenders at any time.
More Definitions of Unused Commitments
Unused Commitments means, at any time, the aggregate amount of the Commitments then unused and outstanding after deducting the Total Outstandings.
Unused Commitments means, with respect to any Revolving Lender at any time, the difference of (i) the total amount of such Revolving Lender’s Revolving Commitment and (ii) such Revolving Lender’s Revolving Credit Exposure.
Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to AMB LP or another Person or otherwise pursuant to any loan document, written instrument or otherwise.
Unused Commitments at any time, the excess of (i) the lesser of the Borrowing Base, if applicable, at such time and the Total Revolving Commitments at such time over (ii) the Total Revolving Extensions of Credit at such time.
Unused Commitments means, at any time, the aggregate amount of the ------------------ Commitments then unused and outstanding after giving effect to the Competitive Bid Loan Reduction, the Swing Loan Reduction and the Letter of Credit Reduction.
Unused Commitments means at any date an amount equal to the aggregate amount of the Commitments less the aggregate outstanding principal amount of the Loans.
Unused Commitments means, at any time, the difference between the aggregate Commitments then in effect and the aggregate outstanding principal amount of Loans and L/C Obligations.