Unutilized Revolving Credit Commitment means, with respect to any Revolving Credit Lender at any time, such Lender’s Revolving Credit Commitment at such time less the sum of (i) the aggregate principal amount of all Revolving Loans made by such Lender that are outstanding at such time, (ii) such Lender’s Letter of Credit Exposure at such time and (iii) such Lender’s Swingline Exposure at such time.
Unutilized Revolving Credit Commitment means, with respect to any Bank at any time, such Bank’s Revolving Credit Commitment at such time less its Revolving Credit Exposure at such time.
Unutilized Revolving Credit Commitment means, for any Revolving -------------------------------------- Credit Lender, at any time, the excess of such Lender's Revolving Credit Commitment at such time over the sum of (i) the aggregate outstanding principal amount of Revolving Credit Loans made by such Lender, (ii) such Lender's Revolving Credit Commitment Percentage of the aggregate amount of Letter of Credit Liabilities at such time, and (iii) with respect to the Swing Loan Lender only, the aggregate principal amount of Swing Loans then outstanding.
Examples of Unutilized Revolving Credit Commitment in a sentence
Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee on the daily average amount of such Revolving Credit Lender’s Unutilized Revolving Credit Commitment, for the period from and including the Closing Date to but not including the earlier of the date such Revolving Credit Commitment is terminated or the Revolving Credit Commitment Termination Date, at a rate per annum equal to the Applicable Revolving Credit Fee Percentage.
More Definitions of Unutilized Revolving Credit Commitment
Unutilized Revolving Credit Commitment means, with respect to any Lender at any time, such Lender's Revolving Credit Commitment at such time less the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender that are outstanding at such time and (ii) such Lender's Pro Rata Share (calculated based on its Revolving Credit Percentage) of all Letter of Credit Outstandings at such time. The Unutilized Revolving Credit Commitment of the Swingline Lender shall not be reduced by the amount of any Swingline Loans outstanding at any time.
Unutilized Revolving Credit Commitment means, for any Revolving Credit Lender, at any time, the excess of such Lender's Revolving Credit Commitment at such time over the sum of (i) the aggregate outstanding principal amount of Revolving Credit Loans made by such Lender, (ii) such Lender's Revolving Credit Commitment Percentage of the aggregate amount of Letter of Credit Liabilities at such time and (iii) with respect to the Swing Loan Lender only, the aggregate principal amount of Swing Loans then outstanding.
Unutilized Revolving Credit Commitment means, for any Revolving Credit Lender, at any time, the excess of such Revolving Credit Lender’s Revolving Credit Commitment at such time over the sum of (a) the aggregate outstanding principal amount of Revolving Credit Loans made by such Revolving Credit Lender, (b) such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the aggregate amount of Letter of Credit Liabilities at such time, and (c) with respect to the Swing Loan Lender only, the aggregate principal amount of Swing Loans then outstanding.
Unutilized Revolving Credit Commitment means, for any Revolving Credit Lender, at any time, the excess of such Lender's Revolving Credit Commitment at such time over the sum of (i) the aggregate outstanding principal amount of Revolving Credit Loans made by such Lender, (ii) such Lender's Revolving Credit Commitment Percentage of the aggregate amount of Letter of Credit Liabilities at such time and (iii) with respect to the Swing Loan Lender only and only for purposes other than calculating any fee due pursuant to Section 2.05(a), the aggregate principal amount of Swing Loans then outstanding. "U.S. Lender" see Section 5.06(b).
Unutilized Revolving Credit Commitment means, on the date of calculation thereof, the difference between (i) $20,000,000 and (ii) the average daily principal amount outstanding under the Note during the immediately preceding fiscal quarter."
Unutilized Revolving Credit Commitment means (i) with respect to any -------------------------------------- Revolving Credit Lender (other than Swing Line Lender in its capacity as a Revolving Credit Lender) at any time, the amount of such Revolving Credit Lender's Revolving Credit Commitment at such time minus the amount of such Lender's Pro Rata Portion of the Outstanding Revolving Credit at such time (exclusive of the aggregate principal amount of Swing Line Loans outstanding at such time), and (ii) with respect to Swing Line Lender (in its capacity as a Revolving Credit Lender) at any time, the amount of such Revolving Credit Lender's Revolving Credit Commitment at such time minus the amount of such Lender's Pro Rata Portion of the Outstanding Revolving Credit at such time (including the aggregate principal amount of Swing Line Loans outstanding at such time).
Unutilized Revolving Credit Commitment means, for any Revolving Credit Lender, at any time, the excess of such Lender's Revolving Credit Commitment at such time over the sum of (i) the aggregate outstanding principal amount of Revolving Credit Loans made by such Lender, (ii) such Lender's Revolving Credit Commitment Percentage of the aggregate amount of Letter of Credit Liabilities at such time and (iii) with respect to the Swing Loan Lender only, the aggregate principal amount of Swing Loans then outstanding. "U.S. LENDER" see Section 5.06(b).