Unused Facility Amount definition

Unused Facility Amount. At any time, (a) the Facility Amount minus (b) the Advances Outstanding at such time.

Unused Facility Amount means the daily amount by which (a) the Aggregate Revolving Credit Commitments exceeds (b) the sum of (i) Outstanding Amount of all Revolving Credit Loans other than Swing Line Loans and (ii) the Outstanding Amount of all Letter of Credit Obligations, subject to adjustment as provided in Section 2.17. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be considered usage for purposes of determining the Unused Facility Amount.

Unused Facility Amount means, at any time of determination, the difference between (a) the Maximum Facility Amount and (b) the sum of the outstanding principal amount of all Loans and Letter of Credit Exposure at such time.

Examples of Unused Facility Amount in a sentence

• The Borrowers shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, a fee (the “Unused Fee”) equal to the Unused Fee Rate times the Unused Facility Amount.

• Within the limits of the Unused Facility Amount, the Borrower may request Revolving Loans under this Section 2.1, repay all or a portion of outstanding Revolving Loans pursuant to Section 2.8 hereof, and request to re-borrow Revolving Loans under this Section 2.1.

• The Borrowers shall pay to the Administrative Agent for the account of each CapX Lender in accordance with its Applicable CapX Percentage, a fee (the “Unused Fee”) equal to the Unused Fee Rate times the CapX Unused Facility Amount.

• The Borrower shall pay to the Agent, for the ratable benefit of the Lenders, a fee (the “Unused Facility Fee”) in an amount equal to the then current Unused Facility Amount multiplied by the applicable Unused Facility Fee Margin in effect from time to time pursuant to and in accordance with the appropriate column under the table below.

• Under the terms of the transaction, Lucent has commenced a cash tender offer for all of SpecTran's outstanding common shares at a price of $9.00 per share.

More Definitions of Unused Facility Amount

Unused Facility Amount means, on any applicable date of determination, (i) the aggregate Financing Commitments of all Lenders minus (ii) the aggregate outstanding amount of the Advances.

Unused Facility Amount means, at any time, (a) the Facility Amount at such time minus the greater of (a) the Advances Outstanding and (b) the Minimum Utilization.

Unused Facility Amount means the Commitment minus the sum of (a) all outstanding Revolver Advances, plus (b) all outstanding Special Purpose Advances, if any, but only if the Special Purpose Loan is a revolving loan as determined in accordance with the terms of Section 2.17 hereof, plus (c) all issued and outstanding Letters of Credit, plus (d) all reimbursement obligations with respect to any draws under any Letters of Credit.

Unused Facility Amount means, at any time of determination, the difference between (a) the aggregate Revolving Credit Commitments of the Lenders at such time and (b) the sum of the outstanding principal amount of all Loans and Letter of Credit Exposure at such time.

Unused Facility Amount means (i) the Aggregate Revolving Loan Commitment, less (ii) the sum of (x) the average daily balance of all Revolving Loans outstanding plus (y) the average daily amount of Letter of Credit Obligations, in each case, during the preceding month.

Unused Facility Amount means, at any time, the Available Facility Amount at such time plus the aggregate principal amount of Accepted Notes which have not been purchased and sold hereunder prior to such time.

Unused Facility Amount shall have the meaning specified in paragraph 2H(1).