Unused Total Revolving Commitment definition

Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

Unused Total Revolving Commitment means, at any time, (a) the Total Revolving Commitment less (b) the Total Revolving Extensions of Credit.

Unused Total Revolving Commitment means the Unused Total 3-Year Revolving Commitment or the Unused Total 5-Year Revolving Commitment, as applicable.

Examples of Unused Total Revolving Commitment in a sentence

• Each such reduction of the Unused Total Revolving Commitment shall be in the principal amount not less than $1,000,000 and in an integral multiple of $1,000,000.

• At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire Unused Total Revolving Commitment or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.02(e).

• Any reduction of the Unused Total Revolving Commitment pursuant to this Section 2.11 shall be applied to reduce the Revolving Commitment of each Revolving Lender on a pro rata basis.

• Upon the issuance, amendment, renewal or extension of each Letter of Credit, the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension, (x) the LC Exposure shall not exceed the LC Commitment and (y) the aggregate amount of the Unused Total Revolving Commitment shall not be less than zero.

• The Borrower agrees to pay to the Administrative Agent, for the ratable benefit of each Lender based upon each such Lender’s Revolving Facility Percentage, as consideration for the Revolving Commitments of the Lenders, commitment fees (the “Commitment Fees”) for the period from the Closing Date to, but not including, the Revolving Facility Termination Date, computed for each day at a rate per annum equal to (i) the Applicable Margin times (ii) the Unused Total Revolving Commitment in effect on such day.

More Definitions of Unused Total Revolving Commitment

Unused Total Revolving Commitment means the Unused Total LC Tranche Commitment, the Unused Total 2024 Revolving Commitment or the Unused Total 20232025 Revolving Commitment, as applicable.

Unused Total Revolving Commitment shall have the meaning set forth in the First Lien Credit Agreement.

Unused Total Revolving Commitment means, at any time, (a) the Total Revolving Commitment less (b) the Total Revolving Extensions of

Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time. “UK Secured Parties” has the meaning specified in the definition of “UK Security Agreements”. “UK Security Agreements” means the Non-U.S. Security Agreements governed by the laws of England or (as applicable) the laws of Scotland. “UK Security Documents” means the UK Security Agreements, each Additional Security Document governed by the laws of England or (as applicable) the laws of Scotland and any document governed by English law or (as applicable) Scots law pursuant to which any Lien is granted or perfected by any Credit Party to the Administrative Agent as security for any of the Obligations. “UK Security Property” means: (i) the Liens expressed to be granted under the UK Security Documents in favor of the Administrative Agent as security trustee for the UK Secured Parties and all proceeds of those Liens; (ii) all obligations expressed to be undertaken by a Credit Party to pay amounts in respect of the Obligations to the Administrative Agent as security trustee for the UK Secured Parties and secured by the UK Security Documents together with all representations and warranties expressed to be given by a Credit Party in favor of the Administrative Agent as security trustee for the UK Secured Parties; and (iii) any other amounts or property, whether rights, entitlements, choses in action or otherwise, actual or contingent, which the Administrative Agent is required by the terms of the UK Security Documents to hold as security trustee on trust for the UK Secured Parties. “Unity” has the meaning assigned to such term in Section 3.03(i). “U.S. Borrower” has the meaning provided in the preamble to this Agreement. “U.S. Borrower Guaranteed Obligations” has the meaning provided in Section 10.01. “U.S. Borrower Guarantor” means any U.S. Subsidiary that is or hereafter becomes a party to a U.S. Subsidiary Guaranty, other than any Excluded Subsidiary. “U.S. Collateral” means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

Unused Total Revolving Commitment means, at any time, the excess of

Unused Total Revolving Commitment means, at any time, (a) the Total Revolving Commitment less (b) the Total Revolving Extensions of Credit. [**] – Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. Confidential

Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over