Unused Revolving Credit Commitments definition

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations, provided that Swing Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitment of the Administrative Agent for purposes of computing the commitment fee under Section 2.1(a) hereof.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations; provided that Swing Loans outstanding from time to time shall not be deemed to reduce the Unused Revolving Credit Commitment of the Lenders for purposes of computing the Commitment Fee under Section 2.13(a) hereof.

Examples of Unused Revolving Credit Commitments in a sentence

• Any such termination or reduction of the Unused Revolving Credit Commitments shall be permanent.

• The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments.

• Each Swingline Loan shall be in a minimum principal amount of not less than $100,000 or such lesser amount as may be agreed by the Swingline Lender; provided that, notwithstanding the foregoing, a Swingline Loan may be in an aggregate amount that is (x) equal to the entire unused balance of the aggregate Unused Revolving Credit Commitments or (y) required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e).

• The Borrowers shall have the right, upon at least five Business Days’ notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the Letter of Credit Facility and the Unused Revolving Credit Commitments, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

• Notice shall be sent to: Broward Sheriff's Office Attn: Purchasing Administration 2601 W.

More Definitions of Unused Revolving Credit Commitments

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and U.S. Dollar Equivalent of all L/C Obligations.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations; it being understood that Swing Loans outstanding from time to time shall not be counted as usage of the Revolving Credit Commitments for purposes of computing the commitment fee under Section 2.1(a) hereof.

Unused Revolving Credit Commitments means, at any time, the difference between the Total Revolving Credit Commitment then in effect and the aggregate outstanding principal amount of Revolving Loans and Letter of Credit Outstandings.

Unused Revolving Credit Commitments means, at any time, (a) in the case of Revolving USD Credit Commitments the difference between the Revolving USD Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations allocable to the Revolving USD Credit Commitments and (b) in the case of Revolving Multicurrency Credit Commitments, the difference between the Revolving Multicurrency Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations allocable to the Revolving Multicurrency Credit Commitments; provided that Swing Loans outstanding from time to time shall not be deemed to reduce the Unused Revolving Credit Commitment of the Lenders for purposes of computing the Commitment Fee under Section 2.13(a) hereof.

Unused Revolving Credit Commitments means the Maximum Revolving Credit Amount in effect at such time LESS the sum of the Aggregate Outstanding Revolving Credit Extensions for each Revolving Credit Lender LESS the Letter of Credit Exposure and LESS the aggregate principal amount of Swing Line Loans then outstanding.

Unused Revolving Credit Commitments shall have the meaning given such term in the Senior Credit Agreement.