Revolving Credit Facility Usage means, as of any date of determination, the sum of (a) the aggregate principal amount of funded Indebtedness then outstanding under the Notes plus (b) the Aggregate Effective Amount under all outstanding Letters of Credit plus (c) the Swing Line Outstandings.
Revolving Credit Facility Usage means, at any time, the sum of the outstanding Revolving Loans, the outstanding Swing Line Loans and the Letter of Credit Obligations.
Revolving Credit Facility Usage means, at any time, the amount obtained by adding (i) the aggregate outstanding principal amount of all Revolving Loans made by the Revolving Lenders and (ii) the aggregate outstanding Letter of Credit Obligations.
Examples of Revolving Credit Facility Usage in a sentence
The Borrower shall have the right from time to time to permanently reduce the Aggregate Revolving Credit Loan Commitments, provided that (i) notice of such reduction is given not less than two Business Days prior to such reduction, (ii) the resulting Aggregate Revolving Credit Loan Commitments are not less than the Revolving Credit Facility Usage, and (iii) each partial reduction shall be in an amount at least equal to $5,000,000 and in multiples of $1,000,000 in excess thereof.
For the purposes of calculating the commitment fee pursuant to this subsection (b), the aggregate amount of outstanding Swingline Loans shall not be included in the term Revolving Credit Facility Usage.
More Definitions of Revolving Credit Facility Usage
Revolving Credit Facility Usage means, at the time any determination thereof is to be made, the aggregate Dollar amount of the outstanding Advances at such time.
Revolving Credit Facility Usage means, at the time any determination thereof is to be made, the sum of (a) the aggregate Dollar amount of the outstanding Revolving Loans plus (b) the aggregate Letter of Credit Usage.
Revolving Credit Facility Usage means, at the time any determination thereof is to be made, the aggregate principal Dollar amount of the outstanding Revolving Loans at such time.
Revolving Credit Facility Usage means, as of any date of determination, the sum of (a) the aggregate principal amount of funded Indebtedness then outstanding under the Advances plus (b) the Aggregate Effective Amount under all outstanding Letters of Credit plus (c) the Swing Line Outstandings.
Revolving Credit Facility Usage means, at the time any determination thereof is to be made, the aggregate Dollar amount of the outstanding Loans at such time; provided, that the foregoing shall not include any Letter of Credit Usage.
Revolving Credit Facility Usage means, at any time, the sum of the Canadian Revolving Credit Facility Usage and the US Revolving Credit Facility Usage at such time.
Revolving Credit Facility Usage means, at the time in question, the aggregate amount of outstanding Revolving Credit Loans and existing LC Obligations at such time.