Unutilized Commitments definition

Unutilized Commitments means, at any time, the Maximum Credit at such time minus the sum of (a) the aggregate principal amount of Revolving Facility Loans outstanding at such time and (b) the aggregate principal amount of L/C Obligations outstanding at such time.

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Unutilized Commitments means (a) with respect to the Revolving Loan Commitments, the Revolving Loan Commitments minus the Revolving Loans outstanding, (b) with respect to the DDTL Commitments, the DDTL Commitments minus the DDT Loans outstanding, and (c) with respect to the Incremental Facility Commitments, if applicable, the Incremental Facility Commitments minus the Incremental Facility Loans outstanding.

Unutilized Commitments an amount equal to (x) the Total Commitments, less (y) the aggregate of all Lenders’ Individual Lender Exposures (excluding any amounts attributable to Swing Line Loans).

Examples of Unutilized Commitments in a sentence

• Each borrowing under the Commitments shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then Unutilized Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $500,000 in excess thereof.

• The aggregate principal amount of each Borrowing hereunder shall not (i) be less than $2,000,000, and if greater, shall be in an integral multiple of $1,000,000 and (ii) exceed the lesser of (a) Cumulative Losses incurred after the occurrence of the Loss Threshold Incurrence Date less the aggregate principal amount of all Loans previously made and (b) the aggregate Unutilized Commitments of all Banks as in effect on the date such Borrowing is made.

• Upon at least five Business Days' prior notice to the Agent at its Notice Office, the Borrower shall have the right to terminate the Unutilized Commitments or the Unutilized Contingent Commitments, or both, in whole or in part, in minimum aggregate amounts of $5,000,000 (or, if greater, in integral multiples of $1,000,000) for the Unutilized Commitments and the Unutilized Contingent Commitments, provided that the Borrower shall concurrently satisfy its obligations, if any at such time, under Section 3.01.

• The aggregate principal amount of each Borrowing hereunder shall not (i) be less than $1,000,000, and if greater, shall be in an integral multiple of $100,000 and (ii) exceed the lesser of (a) Cumulative Losses incurred after the occurrence of the Loss Threshold Incurrence Date less the aggregate principal amount of all Loans previously made and (b) the aggregate Unutilized Commitments of all Banks as in effect on the date such Borrowing is made.

• The sum of cash and Cash Equivalents and Unutilized Commitments shall not, as of any date, be less than the total amount of interest payments required hereunder from such date through the Final Maturity Date, based on the total Loans outstanding as of such date and assuming an interest rate based on the highest Applicable Margin.

More Definitions of Unutilized Commitments

Unutilized Commitments means the Revolving Loan Commitments minus the Revolving Loans outstanding.

Unutilized Commitments the Unutilized Term Loan Commitments and Unutilized DSR Loan Commitments.

Unutilized Commitments means (a) with respect to the Revolving Loan Commitments, the Revolving Loan Commitments minus the Revolving Loans outstanding, (b) with respect to the DDTL Commitments, the DDTL Commitments minus the DDT Loans outstanding, (c) with respect to the SSI Revolving Loan Commitments, the SSI Revolving Loan Commitments minus the SSI Revolving Loans outstanding, (d) with respect to the SSI DDTL Commitments, the SSI DDTL Commitments minus the SSI DDT Loans outstanding and (e) with respect to the Incremental Facility Commitments, if applicable, the Incremental Facility Commitments minus the Incremental Facility Loans outstanding.”

Unutilized Commitments at any time the amount by which the Total Commitments in effect at such time exceeds the aggregate principal amount of all Loans outstanding at such time.

Unutilized Commitments means, at any time, the Total Commitments at such time less the aggregate outstanding principal amount of the Loans made at such time.

Unutilized Commitments means the Unutilized Construction Loan Commitments and the Unutilized LC Commitments.

Unutilized Commitments means, at any time, the excess of (i) the aggregate Commitments at such time over (ii) the aggregate outstanding principal balance of the Loans at such time.