Applicable Usage Level definition

Applicable Usage Level means on any date the level set forth below that corresponds to the percentage, as of the close of business on such day, equivalent to (a) Total Outstandings, divided by (b) the Borrowing Base: Applicable Usage Level Level Usage Percent Level 1 Less than 25% Level 2 25% or greater but less than 50% Level 3 50% or greater but less than 75% Level 4 75% or greater but less than 90% Xxxxx 0 90% or greater
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Applicable Usage Level contained in Section 1.01 of the Original Credit Agreement are hereby amended to read in their entirety as follows:
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Applicable Usage Level means on any date the level set forth below that corresponds to the percentage, as of the close of business on such day, equivalent to (a) Total Outstandings, divided by (b) the Borrowing Base:
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More Definitions of Applicable Usage Level

Applicable Usage Level means on any date the level set forth below that corresponds to the percentage, as of the close of business on such day, equivalent to (a) Total Outstandings, divided by (b) prior to the Borrowing Base Equalization Date, the Conforming Borrowing Base, and on and after the Borrowing Base Equalization Date, the Borrowing Base:
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Applicable Usage Level means on any date the level set forth below that corresponds to the percentage, as of the close of business on such day, equivalent to (a) Total Outstandings, divided by (b) prior to the Borrowing Base Equalization Date, the Conforming Borrowing Base, and on and after the Borrowing Base Equalization Date, the Borrowing Base: Applicable Usage Level Level Usage Percent Level 1 Less than 25% Level 2 25% or greater but less than 50% Level 3 50% or greater but less than 75% Level 4 75% to 100% Level 5 100% or greater (c) Sections 4.01, 4.02, 4.03 and 4.04 of the Original Credit Agreement are hereby amended to read in their entirety as follows:
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Applicable Usage Level means, for each day, the level set forth below that corresponds to the ratio of the Facility Usage at the close of business on such day to the Borrowing Base in effect on such day: Applicable Usage Level Ratio of Facility Usage to Borrowing Base ---------------------- -------------------------- Level I less than .50 to 1.0 Level II greater than or equal to .50 to 1.0 but less than .75 to 1.0 Level III greater than or equal to .75 to 1.0
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Related to Applicable Usage Level

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Applicable Rating Level at any time shall be determined in accordance with the then-applicable S&P Rating or the then-applicable Xxxxx’x Rating as follows: S&P Rating/Xxxxx’x Rating Applicable Rating Level S&P Rating AA or higher or Xxxxx’x Rating Aa2 or higher 1 S&P Rating AA- or Xxxxx’x Rating Aa3 2 S&P Rating A+ or Xxxxx’x Rating A1 3 S&P Rating A or Xxxxx’x Rating A2 4 S&P Rating A- or below or Xxxxx’x Rating A3 or below or unrated 5 The Applicable Rating Level for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher (better) of such ratings shall control, unless the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Маrgin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Usage Metric means the standard of measurement for determining the permitted use and calculating the fees due for a Cloud Service as set forth in an Order Form.

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.