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, 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.
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.
Examples of Unused Revolving Commitment in a sentence
In consideration of the Revolving Committed Amount being made available by the Lenders hereunder, the Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of each Lender (other than the Defaulting Lenders, if any) based on its Pro Rata Share, a per annum fee equal to the daily average sum of the Applicable Percentage for Commitment Fees for each day during the period of determination multiplied by the Unused Revolving Commitment for each such day (the “Commitment Fees”).
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 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, as of any date of determination, the amount by which the aggregate Commitments exceed the Revolving Exposure.
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 means, with respect to each Revolving Lender at any time, (a) such Lender’s Revolving Commitment at such time minus (b) such Lender’s (in its capacity as Lender) Revolving Extensions of Credit outstanding at such time.
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.