Utilization definition

Utilization of genetic resources means to conduct research and development, [conservation, collection, characterization, among others,] [including commercialization] on the genetic and/or biochemical composition of genetic resources, and [traditional knowledge associated with genetic resources] [including through the application of biotechnology] [as defined in Article 2 of the Convention on Biological Diversity].]

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Utilization means, at any date, the percentage equivalent of a fraction (i) the numerator of which is the aggregate outstanding principal amount of Loans at such date and (ii) the denominator of which is the aggregate amount of the Commitments at such date; provided that if any Loans remain outstanding following the termination of the Commitments, Utilization will be deemed to be 100%.

Utilization of genetic resources means to conduct research and development [outside of the traditional uses by the knowledge holders] [including commercialization] on the genetic and/or biochemical composition of genetic resources and [traditional knowledge associated with genetic resources] [including through the application of biotechnology] [as defined in Article 2 of the Convention on Biological Diversity] [and to make a new product, or a new method of use or manufacturing of a product.]]]

Examples of Utilization in a sentence

• If accrued and unpaid Utilization Fees are not paid in full on any applicable Payment Date, the Borrower shall pay additional interest on such accrued and unpaid Utilization Fees at the same rate per annum as the Borrower pays on the Advances, such additional interest being payable on each Payment Date as and to the extent provided in Section 2.08.

• Notwithstanding the foregoing, if a Utilization Fee is payable with respect to the Delayed Draw Term Advances pursuant to Section 2.05(f), the Unused Fee in respect of the Delayed Draw Term Advances shall be calculated as if the Delayed Draw Term Advances Outstanding equal the Minimum Utilization Amount.

• The Utilization Fee shall accrue during the applicable Interest Period and accrued Utilization Fees are payable in arrears on each Payment Date and on the last day of the DDTL Availability Period, as calculated on each relevant Reporting Date for the applicable Interest Period, as and to the extent provided in Section 2.08.

• All Utilization Fees are fully earned and nonrefundable upon payment.

More Definitions of Utilization

Utilization means the heat input, expressed in million British thermal units per unit of time, for a unit. The unit’s total heat input for the ozone control period in each year shall be determined in accordance with 40 CFR 75* if the NOx budget unit was otherwise subject to the requirements of 40 CFR 75* for the year, or shall be based on the best available data reported to the U.S. EPA for the unit if the unit was not otherwise subject to the requirements of 40 CFR 75* for the year.

Utilization has the meaning set forth in the Pricing Schedule.

Utilization means the total actual units of service used by clients and participants.

Utilization means a utilization of the Facility.

Utilization means the identification, reporting, and transfer of excess personal property among Federal agencies.

Utilization means an amount (expressed as a percentage) equal to (i) the aggregate principal amount of outstanding Advances divided by (ii) the aggregate Commitments, in each case, excluding any Class A-2 Commitments or Class A-2 Advances designated or assigned as term loans pursuant to Section 2.9.

Utilization means, as of any date of determination thereof, the percentage obtained by dividing the Aggregate Revolving Credit Exposure as of such date by the Aggregate Commitments as of such date.