Average Unused Commitment definition

Average Unused Commitment for any period of time means the daily average difference between the Maximum Amount applicable to such period and the sum of the principal amount of Revolving Loans actually outstanding hereunder during such period.
Average Unused Commitment for any period of time shall mean the daily average difference between the aggregate amount of the Revolving Loan Commitments and the Total Utilization of Revolving Loan Commitments during such period.
Average Unused Commitment. With respect to any Lender, (a) such Lender's ------------------------- Commitment, minus (b) the sum of (i) the average daily balance of such Lender's ----- Pro Rata Share of the Revolving Facility Usage for the immediately preceding three-month period plus (ii) the average daily balance of such Lender's Pro Rata ---- Share of the L/C Usage for the immediately preceding three-month period. "Average Unused Commitments" means, collectively, the aggregate amount of the -------------------------- Average Unused Commitments of all of the Lenders.

Examples of Average Unused Commitment in a sentence

  • In addition to the interest described above, the Borrower shall pay to the Agent on the last Business Day of each month commencing on February 28, 1997, a commitment fee equal to .50% of the Average Unused Commitment during the preceding month, such commitment fee to be payable monthly in arrears.

  • The Borrower shall pay to the Lender a commitment fee, payable quarterly in arrears on the last Business Day of each fiscal quarter (or portion thereof) of the Borrower, equal to one-half of one percent (0.50%) per annum of the Average Unused Commitment during such quarter.

  • See (S)20.1. ------------------------- Average Unused Commitment.

  • On the first Business Day of each calendar quarter and on the Maturity Date, Tripwire shall pay the Administrative Agent (for distribution to the Lenders in accordance with their Applicable Percentages) a fee equal to the Average Unused Commitment Amount for the immediately preceding calendar quarter (or portion thereof) multiplied by the Applicable Margin per annum (pro rated to take into account the fact that this fee is paid quarterly by Tripwire).


More Definitions of Average Unused Commitment

Average Unused Commitment. With respect to any Lender, (a) such Lender's ------------------------- Commitment, minus (b) the sum of (i) the average daily balance of such Lender's ----- Pro Rata Share of the Revolving Facility Usage for the immediately preceding three-month period, plus (ii) the average daily balance of such Lender's Pro ---- Rata Share of the L/C Usage for the immediately preceding three-month period, plus (iii) with respect to the Swing Line Lender, the average daily balance of ---- the Swing Line Facility Usage for the immediately preceding three-month period. "Average Unused Commitments" means, collectively, the aggregate amount of the -------------------------- Average Unused Commitments of all of the Lenders.
Average Unused Commitment for any period of time means the daily average difference between the Revolving Credit Maximum Amount applicable to such period and the sum of the principal amount of the Revolving Loans (including the Stated Amount of, and all unreimbursed draws under, all Letters of Credit) actually outstanding hereunder.
Average Unused Commitment means, for each period, the average daily difference between (a) the aggregate outstanding principal amount of the Loans PLUS the aggregate effective face amount of all Letters of Credit, and (b) $100,000,000 or such lesser amount to which the Domestic Commitment has been reduced in accordance with Section 2.3.

Related to Average Unused Commitment

  • Unused Commitment means at any date, with respect to any Bank, an amount equal to its Commitment less the aggregate outstanding principal amount of its Loans.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Unused Commitments means, at any time, the difference between the Commitments then in effect and the aggregate outstanding principal amount of Loans and L/C Obligations.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • Unutilized Commitment means, with respect to any Lender at any time, such Lender's Commitment at such time less the aggregate principal amount of all Loans made by such Lender that are outstanding at such time.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Applicable Commitment Fee Rate means:

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.