Unutilized Portion definition

Unutilized Portion. This term shall mean on any date, the maximum principal amount of the Credit Facility at such date, after giving effect to any reductions required by this Agreement, minus the sum of Loans outstanding, the effective Stated Amount of Outstanding Letters of Credit and Unreimbursed Letter of Credit Draws.

Unutilized Portion means, with respect to any Credit Facility, at the date of determination:

Unutilized Portion means, at the relevant time, the Revolver Borrowing Limit less the Outstanding Principal Obligations under the Revolving Facility.

Examples of Unutilized Portion in a sentence

• The Company may voluntarily repay the outstanding amount during the term of the Facility, provided that the outstanding balance of the loan shall not be less than the Unutilized Portion.

• The amount of the unutilized portion of the Facility may not exceed US$5,000,000 before May 7, 2022 (the "Unutilized Portion").

• The amount of the unutilized portion of the Facility may not exceed US$10,000,000 at any time (the "Unutilized Portion").

• FORMULA if there is no full utilization:(1) Unutilized Portion of Gross Selling Price= % of Non- utilization GSP(2) Multiply the % of non-utilization by the GSP or FMV, whichever higher.(3) Multiply the product in item (2) by the rate of 6% Sec.

• The Non-Utilization Fee shall be payable on each Interest Payment Date following the Closing Date with respect to the Unutilized Portion during the then ending Interest Period.

More Definitions of Unutilized Portion

Unutilized Portion shall have the meaning ascribed thereto under Section ‎2.8 below. “VAT” - shall have the meaning ascribed thereto under Section ‎2.6.3 below. “Warrant” - shall have the meaning ascribed thereto under Section ‎3.2.1 below.

Unutilized Portion means at the date of determination, the aggregate Commitment of the Lenders at such date minus the Utilized Portion at such date.

Unutilized Portion means, with respect to the Credit, at the date of determination thereof, the maximum principal amount of the Credit available at such date, less the Utilized Portion of such Credit at such date;

Unutilized Portion means, in respect of the Credit, at the date of ------------------ determination, the maximum permitted amount of the Credit minus the Utilized Portion of the Credit at such date.

Unutilized Portion means, in respect of any Credit Facility, on any date, the maximum principal amount of such Credit Facility at such date, after giving effect to any reductions required by this Agreement, minus the Utilized Portion of such Credit Facility, at such date.

Unutilized Portion means, at any time and in respect of any of the Canadian Tranche A Commitment Amount, the U.S. Tranche A Commitment Amount or the Tranche B Commitment Amount, as applicable, the difference between the Canadian Tranche A Commitment Amount, the U.S. Tranche A Commitment Amount or the Tranche B Commitment Amount, as applicable, and the aggregate U.S. Dollar Value of all Loans outstanding under Tranche A by the Canadian Tranche A Lenders and the U.S. Tranche A Lenders, as applicable, or Tranche B by the Tranche B Lenders, as applicable, during such Fiscal Quarter;

Unutilized Portion shall have the meaning ascribed thereto under Section ‎2.7 below.