Commitment Usage definition

Commitment Usage means, at the time of any determination thereof, the sum of (a) the Principal Debt plus, without duplication, (b) the LC Exposure.

Commitment Usage means, at the time of any determination thereof, the aggregate Principal Debt.

Commitment Usage means, at any time, the sum of (a) the Total Principal Debt plus (b) the LC Exposure.

Examples of Commitment Usage in a sentence

• Borrower shall pay to Administrative Agent for the account of each Revolver Lender in accordance with its Commitment Percentage, a commitment fee equal to the Applicable Percentage times the daily amount by which the Revolver Commitment exceeds the Revolver Commitment Usage (excluding from Revolver Commitment Usage, for the purposes hereof, the outstanding principal balance of Swing Line Loans).

• Borrower shall pay to Administrative Agent for the account of each Lender in accordance with its Commitment Percentage, a commitment fee equal to the Applicable Percentage times the daily amount by which the Total Commitment exceeds the Commitment Usage (excluding from Commitment Usage, for the purposes hereof, the outstanding principal balance of Swing Line Loans).

• Each installment shall be, in an amount equal to the Applicable Margin for Commitment Fees MULTIPLIED BY the amount by which (a) the average daily Revolver Commitment exceeds (b) the average daily Revolver Commitment Usage, in each case during the period from and including the last payment date to and excluding the payment date for such installment; PROVIDED THAT, each such installment shall be calculated in accordance with SECTION 5.1(f).

• In the event that payments are necessary to adjust the amount of such Lender’s actual Pro Rata Part of the Commitment Usage to such Lender’s required Pro Rata Part of the Commitment Usage as of any Settlement Date, the party from which such payment is due shall pay Administrative Agent, without setoff or discount, to the Payment Account not later than noon (Texas time) on the Business Day following the Settlement Date the full amount necessary to make such adjustment.

• We exercise those powers in the spirit of the Act – the Commission's objectives being to protect investors and the fairness and integrity of the Alberta capital market, and to foster confidence in that market.

More Definitions of Commitment Usage

Commitment Usage means, as of any date, THE SUM OF (a) the Principal Debt PLUS (b) the LC Exposure.

Commitment Usage means, at any time, for each Lender, its Facility Commitment Usage.

Commitment Usage means, at any time, the sum of (a) the Principal Debt (which includes, without limitation, that Principal Debt under the Swing-Line Subfacility) plus (b) the LC Exposure.

Commitment Usage means, at any time, (i) with respect to any Lender, the sum of (A) the aggregate unpaid principal amount of all Advances made by such Lender, plus (B) the Lender's pro rata share of all Letter of Credit Liability, plus (C) the Lender's pro rata share of the Interest Reserve or (ii) with respect to all Lenders, the sum of (A) the aggregate unpaid principal amount of all Advances made by all Lenders, plus (B) all Letter of Credit Liability, plus (C) the Interest Reserve, in each case, giving effect to the Borrowings then requested.

Commitment Usage means, at the time of any determination thereof, the aggregate Principal Debt. “Commitments” means, collectively, the PMC Commitment and the First Western Commitment.

Commitment Usage means, as of any date of determination thereof and without duplication, the sum of (a) the outstanding principal amount of all Loans as of such date, plus (b) the Letter of Credit Exposure as of such date.

Commitment Usage means the Total Principal Debt (other than the Principal Debt of all outstanding Swing Line Loans) plus the LC Exposure; provided that, for purposes of calculating the fees payable to Administrative Agent, for its own account, under Section 3.19(c)(ii), the amount of outstanding Swing Line Loans shall be included in Administrative Agent’s Commitment Usage.