Excess Utilization Day definition

Excess Utilization Day means each day on which the Commitment Utilization Percentage exceeds 50%.
Excess Utilization Day each day on which the Total Revolving Extensions of Credit on such day exceed 50% of the Total Revolving Commitments on such day.
Excess Utilization Day each day on which the Commitment Utilization Percentage exceeds 33%.

Examples of Excess Utilization Day in a sentence

  • There is also good pool habitat within China Creek for refuge for larger aquatic organisms such as trout.

  • All Facility Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.(b) The Borrower agrees to pay to the Administrative Agent for the account of each Lender, a utilization fee (a “Utilization Fee”) at a rate per annum equal to the Utilization Fee Applicable Percentage for each Excess Utilization Day during the period for which payment is made on the outstanding Loans of such Lender on such Excess Utilization Day.

  • The Company agrees to pay to the Agent, for the account of each Bank, a utilization fee for each Excess Utilization Day at a rate per annum equal to 0.125% on the amount of such Bank's Aggregate Outstanding Extensions of Credit on such Excess Utilization Day.


More Definitions of Excess Utilization Day

Excess Utilization Day means each day on which the Utilization Percentage exceeds 33.3%.
Excess Utilization Day any day on which the sum of the Aggregate Revolving Credit Outstandings of all Lenders exceeds 50% of the Aggregate Revolving Credit Commitments.
Excess Utilization Day any day on which the sum of the Aggregate Total Outstandings of all Lenders, plus the Aggregate Total Outstandings of all Lenders under (and as defined in) the Existing Credit Agreement, exceeds, 33.33% of the aggregate amount of the Revolving Credit Commitments hereunder and the Revolving Credit Commitments under (and as defined in) the Existing Credit Agreement (or, in each case, with respect to any day after termination of such Revolving Credit Commitments, 33.33% of the aggregate amount of such Revolving Credit Commitments in effect on the date immediately prior to the date on which such Revolving Credit Commitments terminated).
Excess Utilization Day means each day on which the Commitment Utilization Percentage exceeds 25%.
Excess Utilization Day means each day (a) which is during any consecutive period of more than 91 days during each of which the Commitment Utilization Percentage exceeds 33 1/3%, (b) which is after the 91st day of such period and (c) on which the Commitment Utilization Percentage exceeds 33 1/3%.
Excess Utilization Day any day on which (i) the sum of the Aggregate Total Outstandings of all Lenders, PLUS the Aggregate Total Outstandings of all Lenders under (and as defined in) the Medium-Term Facility, exceeds (ii) (a) with respect to Rating Category III and above, 50% of the aggregate amount of the Revolving Credit Commitments hereunder and the Revolving Credit Commitments under (and as defined in) the Medium-Term Facility (or, in each case, with respect to any day after termination of such Revolving Credit Commitments, 50% of the aggregate amount of such Revolving Credit Commitments in effect on the date immediately prior to the date on which such Revolving Credit Commitments terminated) and (b) with respect to Rating Category IV and below, 25% of the aggregate amount of the Revolving Credit Commitments hereunder and the Revolving Credit Commitments under (and as defined in) the Medium-Term Facility (or, in each case, with respect to any day after termination of such Revolving Credit Commitments, 25% of the aggregate amount of such Revolving Credit Commitments in effect on the date immediately prior to the date on which such Revolving Credit Commitments terminated).
Excess Utilization Day means each day on which the Utilization Percentage exceeds 50%.