Commitment Utilization Margin definition

Commitment Utilization Margin means, on any date, if the Combined Commitment Utilization is less than 50%, then an amount equal to zero basis points per annum (0.00 bps) and, if the Combined Commitment Utilization is greater than or equal to 50%, then an amount equal to 10.00 basis points per annum. Changes in the Commitment Utilization Margin will occur automatically without prior notice.
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Commitment Utilization Margin means, on any date, the number of basis points per annum set forth below based on the Commitment Utilization Level on such date: ================================================================================ Commitment Utilization Margin -------------------------------------------------------------------------------- Commitment Commitment Commitment Utilization is Utilization is Utilization Level "< or equal to .50" ">.50" -------------------------------------------------------------------------------- Level A 0 b.p. 5.0 b.p. -------------------------------------------------------------------------------- Level B 0 b.p. 10.0 b.p. ================================================================================ ; provided, however, for the purpose of determining the Commitment Utilization Margin for all periods ending prior to or on June 30, 1999, the Commitment Utilization of Borrower shall be deemed to be greater than ".50". Changes in the Commitment Utilization Margin will occur automatically without prior notice."
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Commitment Utilization Margin means, on any date, if the Combined Commitment Utilization is less than 33%, then an amount equal to zero basis points per annum (0 bps) and, if the Combined Commitment Utilization is greater than or equal to 33%, then an amount equal to 12.5 basis points per annum.
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More Definitions of Commitment Utilization Margin

Commitment Utilization Margin means, on any date, the number of Basis Points per annum set forth below based on the Commitment Utilization Level on such date: -------------------------------------------------------------------------------- Commitment Utilization Margin -------------------------------------------------------------------------------- Commitment Commitment Utilization Commitment Utilization Level is "< or equal to .50" Utilization is ">.50" -------------------------------------------------------------------------------- Level A 0 b.p. 5.0 b.p -------------------------------------------------------------------------------- Level B 0 b.p. 10.0 b.p --------------------------------------------------------------------------------
Sample 1

Related to Commitment Utilization Margin

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • 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.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Applicable Commitment Fee Rate means:

  • 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 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a decimal) the numerator of which is the Revolving Commitment of such Lender at such time and the denominator of which is the Aggregate Revolving Committed Amount at such time. The initial Revolving Commitment Percentages are set out on Schedule 2.1(a).

  • 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 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.

  • Applicable ABR Margin means, at any date:

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

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.