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, for each Lender, its Facility Commitment Usage.

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 not terminate or reduce the Revolver Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the Revolver Commitment Usage would exceed the Revolver Commitment.

• 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).

• If any Lender obtains any amount (whether voluntary, involuntary or otherwise, including, without limitation, as a result of exercising its Rights under Section 3.13) that exceeds its combined Pro Rata Part of the Facility Commitment Usage, then that Lender shall purchase from the other Lenders participations that will cause the purchasing Lender to share the excess amount ratably with each other Lender.

• Borrower shall not terminate or reduce the Total Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the Commitment Usage would exceed the Total Commitment.

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

Commitment Usage means, at the time of any determination thereof, the aggregate Principal Debt plus all Letter of Credit Liabilities.

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, for each Lender, the sum of its Facility A Commitment Usage and its Facility B Principal Debt.

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.