Utilisation Limit definition

Utilisation Limit means an amount equal to the lower of: 30
Sample 1Sample 2Sample 3
Utilisation Limit means an amount equal to the lower of:
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Utilisation Limit means an amount equal to the lower of: the Available Amount; and an amount equal to the Total Required Resolution Amount minus the Available Funding Capacity determined for the specific Resolution Scheme for which the Utilisation is to be made, reduced by the amount of any Loans outstanding with respect to the specific Resolution Scheme.
Sample 1

Examples of Utilisation Limit in a sentence

  • We have determined the Utilisation Limit as of the proposed Utilisation Date to be equal to […] and attach evidence about the elements of calculating such amount.

  • The Borrower is entitled to deliver a Utilisation Request for an amount up to the Utilisation Limit.

  • The amount of the proposed Loan must be an amount which does not exceed the Utilisation Limit.

  • Each Eligible ECI will notify DCMS in writing, within 5 Business Days of becoming aware of the same, if (applying usual actuarial principles) it determines that it wishes to write a level of cover under the Scheme that, if written, will exceed its Eligible ECI Utilisation Limit (an “ Increased Commitment Notice”) (which notification will have the effect set out in Rule 9.6).

  • Upon receipt of an Increased Commitment Notice from an Eligible ECI, the relevant Eligible ECI shall make itself available to discuss with DCMS (in consultation with HMT) whether the Eligible ECI Utilisation Limit applicable to that Eligible ECI should be altered.

  • We attach evidence of the calculation of the Utilisation Limit [and an indicative schedule on the dates and the amounts under the Utilisation Requests to be specified as far as possible].

  • To the extent the Scheme Utilisation of an Eligible ECI (or Participant Group) exceeds the Eligible ECI Utilisation Limit applicable to it, Rule 9.5 shall apply.

  • We attach evidence of the calculation of the Utilisation Limit [and an indicative schedule on the dates and the amounts under the Utilisation Requests to be specified 15as far as possible].4.

  • We hereby give you notice that in accordance with the Resolution Scheme relating to [insert institution], we have determined that we may make Utilisation(s) under the Facility up to the Utilisation Limit which on the date hereof is […].3.

  • The Scheme Utilisation of an Eligible ECI (or Participant Group) shall not at any time exceed the applicable Eligible ECI Utilisation Limit without the prior written consent of DCMS, and Rule9.5 applies with respect to Scheme Utilisation in excess of the applicable Eligible ECI Utilisation Limit.

Related to Utilisation Limit

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Utilisation means a utilisation of the Facility.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Facility Limit means $100,000,000 as reduced from time to time pursuant to Section 2.02(e). References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Drawdown means a drawdown of an Advance;

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the Letter of Credit Usage.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09, (b) assignments by or to such Lender pursuant to Section 9.04 and (c) Section 2.22. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment or in the supplement to this Agreement pursuant to which such Lender shall have provided an additional Facility B Commitment in accordance with Section 2.22, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.