Average Utilization definition

Average Utilization means, for any period, the average total daily Revolving Exposure of all Lenders during such period. Average Utilization shall be calculated by the Borrower Representative in a manner acceptable to the Administrative Agent in its Permitted Discretion.

Average Utilization for any period, an amount, expressed as a percentage, equal to (a) the daily average Total Revolving Extensions of Credit for such period divided by (b) the daily average Total Commitments for such period.

Average Utilization means, for any calendar quarter, the average daily principal balance of all Extensions of Credit outstanding during such calendar quarter.

Examples of Average Utilization in a sentence

• Upon deposit of such cash collateral as provided herein, such Bankers’ Acceptances shall not be considered to be outstanding for any purpose hereunder, including, without limitation, calculation of Average Utilization and availability under the Borrowing Limit.

• Upon deposit of such cash collateral as provided herein, such Bankers' Acceptances shall not be considered to be outstanding for any purpose hereunder, including, without limitation, calculation of Average Utilization and availability under the Borrowing Limit.

• See Average Utilization of the Nation’s Natural Gas, supra note 75 (“[T]he low cost of coal relative to natural gas until recent years favored the use of coal-fired generating units to fulfill baseload electricity demand, leading plant operators to run these units at rates close to their output capacity during peak demand hours.

• The Servicer shall only be entitled to recover Cost of Funds if the Average Utilization Rate for all HELOC Mortgage Loans is less than 50% for the three (3) consecutive calendar months immediately preceding the month prior to the related Remittance Date.

• The following options are available: Average Utilization, Maximum Peak Utilization, and Combined Utilization (half of average utilization plus half of maximum peak utilization).

More Definitions of Average Utilization

Average Utilization means, for any period, an amount, expressed as a percentage, equal to (a) the daily average Total Revolving Facility Exposure for such period divided by (b) the daily average Total Revolving Facility Commitments for such period.

Average Utilization means, for any calendar quarter, the average daily principal balance of Loans outstanding during such calendar quarter.

Average Utilization means, with respect to any period, (a) the sum of Utilization for each day during such period divided by (b) the number of days in such period.

Average Utilization means, for any Interest Period, the quotient expressed as a percentage obtained by dividing (a) the average daily Total Revolving Outstanding Amount by (b) the average daily Total Revolving Commitments for such Interest Period.

Average Utilization means, for any period, an amount, expressed as a percentage, equal to (a) the daily average Aggregate Revolving Facility Exposure for such period divided by (b) the daily average Aggregate Revolving Facility Commitments for such period.

Average Utilization has the meaning assigned to that term in Section 3.2(a).

Average Utilization means, for any period, the quotient, expressed as a percentage, of (a) the average daily Revolving Exposure of all Lenders divided by (b) the average daily Commitments.