Usage Percentage definition

Usage Percentage means, as of any date of determination, a percentage equal to (i) the daily average outstanding principal balance of all Advances during the related Interest Accrual Period divided by (ii) the Aggregate Commitments as of such date.

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Usage Percentage means, with respect to any Interest Accrual Period, the fraction, expressed as a percentage, (i) the numerator of which is the daily average Committed VFN Principal Balance during such Interest Accrual Period, and (ii) the denominator of which is the daily average Maximum Committed VFN Principal Balance during such Interest Accrual Period.

Usage Percentage means, as of such date of determination, a percentage equal to (i) the Aggregate Outstanding Advances divided by (ii) the Aggregate Commitment as of such date.

Examples of Usage Percentage in a sentence

The respective obligations of each Operator to furnish such locomotives shall be based, insofar as reasonably practicable, upon the Operator's CRC Train Usage Percentage during the calendar month preceding such request for the Shared Assets Area or Zone in which such locomotives are needed by CRC.
Should for any calendar quarter, the total Participation Interest, on average for such calendar quarter, not equal or exceed the Target Usage Percentage, Bank may elect to increase the Participation Interest Rate Floor or, pursuant to Section 5.2(b), terminate Seller’s right hereunder to submit any Request to Bank to purchase a Participation Interest.
For purposes hereof and the calculation of the applicable Usage Percentage, Swingline Loans shall not be counted toward or be considered as usage of the Aggregate Revolving Commitments.
The Commitment Fee set forth in the grid at each level shall be increased by 10 basis points for any calendar quarter if both (i) the Average Daily Usage Percentage in such quarter is less than 25%, and (ii) the Average Daily Usage Percentage in the immediately preceding calendar quarter was less than 25%.
Any insurance or maintenance costs associated with the Shared Asset shall be shared in accordance with the relevant Estimated Usage Percentage.

More Definitions of Usage Percentage

Usage Percentage means the ratio, expressed as a percentage, of (i) the sum of (x) the average daily outstanding amount of Loans and (y) the undrawn face amount of all outstanding Letters of Credit, to (ii) the aggregate amount of the Lenders’ Commitments during such period.

Usage Percentage means, as of any day, a percentage equal to (i) the Aggregate Outstanding Advances as of as of 5:00 P.M. (New York City time) on such day divided by (ii) the Aggregate Commitment as of 5:00 P.M. (New York City time) on such day; provided that for purposes of this definition, any Defaulting Lender shall be deemed to have fulfilled all of its funding obligations hereunder.

Usage Percentage means, as of any date of determination, the percentage equal to the ratio of (a) Total Outstandings to (b) the Maximum Amount.

Usage Percentage means, for any applicable period of determination, the quotient (expressed as a percentage) of (x) the actual daily amount of the Outstanding Amount of Revolving Loans plus the Outstanding Amount of Letter of Credit Obligations, subject to adjustments as provided in Section 2.16, for such period, divided by (y) the Aggregate Revolving Commitments. For purposes of calculating the Usage Percentage hereunder, Swingline Loans shall not be included as Revolving Loans or otherwise be counted toward or be considered as usage of the Aggregate Revolving Commitments.

Usage Percentage means the percentage equal to (i) the Outstanding Amount of Revolving Obligations (excluding the amount of any then outstanding Swing Line Loans) divided by (ii) the Aggregate Revolving Commitments.

Usage Percentage means the ratio, expressed as a percentage, of (i) the sum of Revolving Loan Exposure plus Letter of Credit Exposure to (ii) the Aggregate Revolving Commitment.

Usage Percentage means, as of any date, the quotient, expressed as a percentage, of (a) the Effective Amount on such date, divided by (b) the Commitment Amount on such date.