Utilization Margin. (i) If on any day the sum of the aggregate outstanding principal amount of all Loans plus the L/C Obligations then outstanding exceeds the product of (A) one-half (1/2) times (B) the Loan Commitment (or if all of the Commitments shall have been terminated, the Loan Commitment in effect immediately prior to such termination), the Applicable Percentage otherwise applicable to the Loans shall be increased by a per annum percentage set forth under the heading “Applicable Percentage for Utilization Margin” in the table included in the definition of “Applicable Percentage” (the “Utilization Margin”).
Appears in 4 contracts
Samples: Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Dominion Resources Inc /Va/)
Utilization Margin. (i) (x) If on any day the sum of the aggregate outstanding principal amount of all Loans plus the L/C Obligations then outstanding exceeds the product of (A) one-half (1/2) times (B) the Loan Commitment (or if all of the Commitments shall have been terminated, the Loan Commitment in effect immediately prior to such termination), and (y) from and after the Conversion Date, the Applicable Percentage otherwise applicable to the Loans shall be increased by a per annum percentage set forth under the heading “Applicable Percentage for Utilization Margin” in the table included in the definition of “Applicable Percentage” (the “Utilization Margin”).
Appears in 1 contract
Samples: Day Credit Agreement (Consolidated Natural Gas Co/Va)