Credit Utilization definition

Credit Utilization means the advancing of any Loan, or the issuance of, or extensions of the expiration date or in the increase in the amount of, any Letter of Credit.
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Credit Utilization means, on any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus (ii) the aggregate amount of Letter of Credit Usage.
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Credit Utilization means any Borrowing and any issuance of a Letter of Credit.
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Examples of Credit Utilization in a sentence

  • Such conversions shall be made on the date of each Credit Utilization in an Alternative Currency as to that Credit Utilization and all Credit Utilizations shall be converted into their U.S. Dollar Equivalent as of the last day of each month or at the time of each Credit Utilization should the Agent so elect.

  • The Borrowers shall use the proceeds of the Credit Utilizations (including the initial Credit Utilization) hereunder for the purposes set forth in, or otherwise permitted by, Section 5.4 hereof.

  • Each request for a Credit Utilization hereunder shall be deemed to be a representation and warranty by the Borrowers on the date of such Credit Utilization as to the facts specified in this Section 6.1 (other than Subsection (d) or (e) above).

  • The Canadian Borrower shall not be permitted to terminate or reduce the Canadian Revolving Commitment if, as a result of such termination or reduction, the Canadian Revolving Credit Utilization would exceed the aggregate Canadian Revolving Commitment.

  • Each Application for the utilization should indicate the requested Credit amount and the Utilization Date, which is the Business Day within the respective Credit Utilization Period.


More Definitions of Credit Utilization

Credit Utilization means the use of a certified emission reduction credit.
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Credit Utilization means any issuance of Commercial Paper or any making of a Revolving Loan or Swingline Loan.
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Credit Utilization shall have the meaning specified in (S)4.2. ------------------
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Credit Utilization means any Borrowing.
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Credit Utilization is added to read as follows:
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Credit Utilization means, as of any date of determination, the sum of
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Credit Utilization means the use of a certified emission reduction credits for any purpose credit.
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