Examples of Unutilized Revolving Loan Commitment in a sentence

V oluntary Termination or Reduction of Total Unutilized Revolving Loan Commitment.
The US Company hereby elects in accordance with Section 4.02(a) of the Credit Agreement to reduce the Total Unutilized Revolving Loan Commitment by an amount equal to $50,000,000, applied proportionally to permanently reduce the Revolving Loan Commitment of each Lender.
Concurrent with the effectiveness of this Amendment, the Total Unutilized Revolving Loan Commitment shall have been reduced by an amount equal to $50,000,000 in accordance with Section 10 hereof.

More Definitions of Unutilized Revolving Loan Commitment

Unutilized Revolving Loan Commitment with respect to any RL Bank at any time shall mean such RL Bank's Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such RL Bank and (ii) such RL Bank's Percentage of the Letter of Credit Outstandings at such time.

Unutilized Revolving Loan Commitment with respect to any Revolving Loan Lender, at any time, shall mean such Lender's Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of Revolving Loans made by such Lender (plus, in the case of BTCo, the aggregate outstanding principal amount of Swingline Loans made by BTCo) and (ii) such Lender's Percentage of the Letter of Credit Outstandings in respect of Letters of Credit issued under the Agreement.

Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (a) the aggregate outstanding principal amount of all Revolving Loans (taking the U.S. Dollar Equivalent of any such Revolving Loans denominated in Euros or any Acceptable Foreign Currency) made by such Lender at such time and (b) such Lender’s RL Percentage of the Letter of Credit Outstandings (for this purpose, using the U.S. Dollar Equivalent of amounts denominated in Euros or any Acceptable Foreign Currency) at such time. For the avoidance of doubt and solely for purposes of calculating the “Unutilized Revolving Loan Commitment”, the Revolving Loan Commitment of any Lender shall not be reduced by outstanding Swingline Loans.

Unutilized Revolving Loan Commitment with respect to any Lender at any time shall mean such Lender’s Revolving Loan Commitment at such time, if any, less such Lender’s Revolving Loan Exposure at such time.

Unutilized Revolving Loan Commitment of the Revolving Loan Commitment with respect to any Lender, at any time, shall mean an amount equal to the remainder of (i) such Lender’s Revolving Loan Commitment at such time less (ii) the sum of (x) the aggregate principal amount of Revolving Loans of such Lender (including any Affiliate of any such Lender acting as a Canadian Lender) then outstanding (taking the Dollar Equivalent of the principal amount or Face Amount, as the case may be, in the case of any Canadian Revolving Loans then outstanding) and (y) such Lender’s Dollar Percentage (or, after a Sharing Event has occurred, its RL Percentage) of the Letter of Credit Outstandings at such time.

Unutilized Revolving Loan Commitment of the Revolving Loan Commitment with respect to any Lender, at any time, shall mean an amount equal to the remainder of (i) such Lender’s Revolving Loan Commitment at such time less (ii) the sum of (x) the aggregate principal amount of Revolving Loans of such Lender (including any Affiliate of any such Lender acting as a Alternative Currency RL Lender) then outstanding (taking the Dollar Equivalent of the principal amount or Face Amount, as the case may be, in the case of any Alternative Currency Revolving Loans then outstanding) and (y) such Lender’s Dollar Percentage (or, after a Sharing Event has occurred, its RL Percentage) of the Letter of Credit Outstandings at such time.