Unused Revolving Commitment definition

Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

Unused Revolving Commitment means, for any date of determination, the amount by which (a) the aggregate Revolving Committed Amount on such date exceeds (b) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations on such date.

Unused Revolving Commitment means, at any time, the remainder of (a) the Total Revolving Loan Commitment at such time minus (b) the sum of the Effective Amount of all Revolving Loans and the Effective Amount of all L/C Obligations outstanding at such time. For the avoidance of doubt, Swing Line Loans shall not be counted as Revolving Loans for purposes of determining the amount of Unused Revolving Commitment.

Examples of Unused Revolving Commitment in a sentence

• The Borrower shall pay to the Administrative Agent, for the ratable benefit of the Lenders (other than any Defaulting Lender with respect to the period during which it is a Defaulting Lender), a commitment fee (collectively, the “ Commitment Fee”) equal to the Commitment Fee Rate of the daily average Unused Revolving Commitment for the period beginning on the date of this Agreement and ending on the Termination Date.

• The Borrower shall pay to the Administrative Agent, for the ratable benefit of the Revolving Lenders (other than any Defaulting Lender with respect to the period during which it is a Defaulting Lender) as provided in Sections 2.10(a)(v), commitment fees (collectively, the “Commitment Fees”) equal to the Commitment Fee Percentage of the daily average Unused Revolving Commitment, for the period beginning on the date of this Agreement and ending on the Revolving Loan Maturity Date.

• The Unused Revolving Commitment Fee provided in this Section 2.6(c) shall accrue at all times from and after the execution and delivery of this Agreement.

• Within the limits of each Revolving Lender’s Unused Revolving Commitment in effect from time to time, the Borrower may borrow under this Section 2.01(b), prepay pursuant to Section 2.04(a) and re-borrow under this Section 2.01(b).

• Each Revolving Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a “Working Capital Advance”) to the Borrower from time to time on any Business Day during the period from the Closing Date until the Revolving Facility Maturity Date in an amount for each such Advance not to exceed such Lender’s Unused Revolving Commitment at such time.

More Definitions of Unused Revolving Commitment

Unused Revolving Commitment. With respect to any Bank as of any date of determination, the amount by which such Bank’s Revolving Commitment Amount exceeds such Bank’s Revolving Percentage of the Total Revolving Outstandings on such date.

Unused Revolving Commitment. As of any date of determination, the amount by which the Revolving Commitment Amount exceeds the Revolving Loans on such date.

Unused Revolving Commitment means, for any Revolving Lender at any time, the excess of (i) such Revolving Lender’s Revolving Commitment at such time over (ii) such Revolving Lender’s Revolving Facility Exposure at such time.

Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Xxxxxx’s Revolving Commitment at such time over (ii) such Xxxxxx’s Revolving Facility Exposure at such time.

Unused Revolving Commitment means, as of any date, an amount equal to the excess, if any, of (a) the amount of the Total Revolving Credit Commitment over (b) the Aggregate Revolving Credit Outstandings.

Unused Revolving Commitment. As of any date of determination, the amount by which the Revolving Commitment Amount exceeds the principal amount of unpaid Advances on such date.

Unused Revolving Commitment means, with respect to each Revolving Lender on any date, (a) such Revolving Lender’s Revolving Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Loan Advances made by such Revolving Lender (in its capacity as a Revolving Lender) and outstanding at such time, plus (ii) such Revolving Lender’s Ratable Share of the aggregate principal amount of all Swing Line Advances then outstanding.