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).
Commitment Utilization Percentage means, on any date, the percentage equivalent to a fraction (a) with respect to Facility A, (i) the numerator of which is the total Facility A Revolving Exposure and (ii) the denominator of which is the aggregate amount of the Facility A Commitments (or, on any day after termination of the Facility A Commitments, the aggregate amount of the Facility A Commitments in effect immediately preceding such termination) and (b) with respect to Facility B, (i) the numerator of which is the total Facility B Revolving Exposure and (ii) the denominator of which is the aggregate amount of the Facility B Commitments (or, on any day after termination of the Facility B Commitments, the aggregate amount of the Facility B Commitments in effect immediately preceding such termination).
Commitment Utilization Percentage means, on any date, the percentage equivalent to a fraction (a) the numerator of which is the Aggregate Credit Exposure and (b) the denominator of which is the Aggregate Revolving Loan Commitments.
Examples of Commitment Utilization Percentage in a sentence
Revolving Commitment Utilization Percentage < 25% > 25% < 50% > 50% < 75% > 75% < 90% > 90% Term Benchmark Revolving Loans and RFR Revolving Loans 1.750% 2.000% 2.250% 2.500% 2.750% ABR Revolving Loans 0.750% 1.000% 1.250% 1.500% 1.750% Commitment FeeRate 0.375% 0.375% 0.500% 0.500% 0.500% (ii) any Term Loan, the rate per annum as set forth in the applicable Term Loan Amendment.
Section 2.22(d) is hereby amended by deleting the phrase “the Commitment Utilization Percentage is greater than 110%” in its entirety and substituting therefor the new phrase “the Commitment Utilization Percentage (calculated without giving effect to clauses (a)(iii) and (b)(ii) contained in the definition thereof in Section 1.1) is greater than 110%”.
More Definitions of Commitment Utilization Percentage
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, 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).
Commitment Utilization Percentage means on any day the percentage equivalent of a fraction (a) the numerator of which is the sum of the aggregate outstanding principal amount of Loans and (b) the denominator of which is the aggregate amount of the Commitments (or, on any day after termination of the Commitments, the aggregate amount of the Commitments in effect immediately preceding such termination).
Commitment Utilization Percentage for any day, the percentage equivalent of a fraction (a) the numerator of which is the Total Exposure (other than Swing Line Loans and Protective Advances) on such day and (b) the denominator of which is the Total Revolving Credit Commitments on such day.
Commitment 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 lesser of the Borrowing Base and the Aggregate Elected Commitment Amounts in effect on such day.
Commitment Utilization Percentage means on any day, the percentage equivalent of a fraction (a) the numerator of which is the aggregate outstanding principal amount of the Loans and L/C Obligations and (b) the denominator of which is the aggregate Commitments for all Banks (or, on any day after termination of the Commitments, the aggregate Commitments in effect immediately preceding such termination).
Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the sum of the aggregate outstanding Revolving Credit Exposure of the Lenders under the Facilities (as modified or replaced from time to time) then in effect in the aggregate, and (b) the denominator of which is the sum of the aggregate amount of the Commitments of the Lenders then in effect under the Facilities (as modified or replaced from time to time) then in effect in the aggregate; provided that on any day subsequent to (i) the Initial Maturity Date if AOLTW has delivered a Term Out Notice pursuant to Section 2.09(f), the aggregate amount of the Commitments of the Lenders under this Agreement for purposes of this definition shall be the aggregate amount of the outstanding Revolving Credit Exposure of the Lenders and (ii) the Initial Maturity Date (under and as defined in the TWC 364-Day Credit Agreement) if a Term Out Notice has been delivered pursuant to Section 2.09(f) of the TWC 364-Day Credit Agreement, the aggregate amount of the Commitments of the Lenders thereunder for purposes of this definition shall be the aggregate amount of the outstanding Revolving Credit Exposure of the Lenders thereunder.
Commitment Utilization Percentage on any day, the percentage equivalent of a fraction (a) the numerator of which shall equal the average daily Aggregate Credit Exposure for the Fiscal Quarter most recently ended prior to such day and (b) the denominator of which shall equal the Total Commitments in effect on such day (or, on any day after termination of the Total Commitments, the Total Commitments in effect immediately preceding such termination).