Examples of US Facility Usage in a sentence
The US Facility Usage, after the making of the Loans requested hereby, will not be in excess of the US Maximum Credit Amount on the date requested for the making of such Loans.
US Borrower shall have the right from time to time to permanently reduce the US Commitment, provided that (i) notice of such reduction is given not less than 2 Business Days prior to such reduction, (ii) the resulting US Commitment is not less than the US Facility Usage and (iii) each partial reduction shall be in an amount at least equal to $500,000 and in multiples of $100,000 in excess thereof.
In consideration of each Lender's commitment to make US Loans under this Agreement, US Borrower will pay to US Agent for the account of each Lender a utilization fee for each day during the US Facility Commitment Period that the US Facility Usage exceeds fifty percent (50%) of the US Maximum Credit Amount.
As used in this section, (x) "Total Revolver Commitment" means the sum of (1) the Canadian Revolver Commitment plus (2) the US Commitment, in each case as of the time of determination and (y) "Facility Usage" means, at the time in question, the sum of (1) the Canadian Revolver Facility Usage plus (2) the US Facility Usage.
Amsterdam also wanted to shift focus from the processes to the desirable effect.
The amount of the utilization fee shall be determined on a daily basis by applying the Utilization Fee Rate to each such Lender’s Percentage Share of the US Facility Usage on each such day.
In consideration of each US Lender's commitment to make US Loans, US Borrower will pay to Administrative Agent for the account of each US Lender a commitment fee determined on a daily basis equal to the US Commitment Fee Rate in effect on such day times such US Lender's Percentage Share of the unused portion of the US Commitment on each day during the US Commitment Period, determined for each such day by deducting from the amount of the US Commitment at the end of such day the US Facility Usage.
Subject to the terms and conditions hereof, US Agent agrees to make loans to US Borrower (herein called "US Swing Loans") upon US Borrower's request from time to time during the US Facility Commitment Period, provided that (i) the US Facility Usage shall never exceed the US Maximum Credit Amount, and (ii) the aggregate amount of US Swing Loans outstanding shall never exceed the US Swing Sublimit.
As used in this section, (x) "Total Revolver Commitment" ------------------------- means the sum of (1) the Canadian Revolver Commitment plus (2) the US Commitment, in each case as of the time of determination and (y) "Facility -------- Usage" means, at the time in question, the sum of (1) the Canadian Revolver ----- Facility Usage plus (2) the US Facility Usage.
He emphasized the West Square development would not be the only beneficiaryof the Depot Street improvements and pointed out all properties with frontage to Depot Street would also benefit from all improvements; therefore, they would each be obligated to pay their share when developed.