Facilities Usage definition

Facilities Usage means a fraction, calculated as of the last day of each Fiscal Quarter (i) prior to the Delayed Draw Term Loan Commitment Termination Date, the numerator of which is equal to the average daily Total Utilization of Commitments during such Fiscal Quarter (or portion thereof) and the denominator of which is equal to the average daily aggregate Commitments for all Lenders during such Fiscal Quarter (or portion thereof) and (ii) on and after the Delayed Draw Term Loan Commitment Termination Date, the numerator of which is equal to the average daily Total Utilization of Revolving Commitments and the denominator of which is equal to the average daily aggregate Revolving Commitments of all Lenders during such Fiscal Quarter (or portion thereof.)
Sample 1Sample 2
Facilities Usage means, as of any date, the amount expressed as a percentage calculated as (A) the sum of (i) all Loans outstanding under the 364-Day Agreement and (ii) all Loans outstanding and the amount of the LC Exposure under this Agreement divided by (B) the sum of (i) the Lenders’ Commitments under this Agreement and (ii) the Lenders’ Commitments under the 364-Day Agreement; provided that for the purposes of subclauses (A)(i) and (B)(ii) of this paragraph only, the terms “Lenders”, “Loans”, and “Commitments” shall have the meanings as defined under the 364-Day Agreement.
Sample 1
Facilities Usage means a fraction, calculated as of the last day of each Fiscal Quarter the numerator of which is equal to the average daily Total Utilization of Revolving Commitments and the denominator of which is equal to the average daily aggregate Revolving Commitments of all Lenders during such Fiscal Quarter (or portion thereof.)
Sample 1

Examples of Facilities Usage in a sentence

  • In the event of Artest's default, Xxxxxxxxx shall have the following rights and remedies, in addition to all other rights and remedies provided by law: (1) Xxxxxxxxx may keep the Facilities Usage portion of this Agreement in effect and recover unpaid rents, (2) Xxxxxxxxx may release the TEST Facilities to another tenant, (3) Xxxxxxxxx may terminate the Facilities Usage portion of this Agreement by written notice to Artest.

  • Artest shall be in default of its obligations under the Facilities Usage portion of this Agreement if it fails to pay the monthly user fee as specified in Exhibit 2, Table 2 when due, or takes any other action inconsistent with Xxxxxxxxx'x Master Lease, and such failure is not cured within three business days after Artest's receipt of written notice.

  • The Block 32 Joint Venture Group had recovered all of its historical cost pools by the second quarter of 2003, thereby reducing cost oil and increasing the production sharing oil which results in increased royalties and taxes to the Yemen government.•Operating expenses increased 41% on a Boe basis as a result of an increase in the cost of the Transportation and Facilities Usage Contract with the MOM which allowed for a $0.40 increase in the export pipeline tariff following recovery of all historical costs.

  • BHP, Medicus, ILTD and ILC are parties to a Real Estate Lease and Usage Agreement (the "Lease") and a Shared Facilities Usage Agreement (the "Facilities Agreement"), each dated as of May 1, 1994, relating to that certain facility located in Xxxx Xxxxxxx, Xxxxxxxxxxxx that is leased by Medicus to Integra (the "Facility").

  • For the avoidance of doubt, the Facilities Usage Rights do not entitle MOXY to use any platform slot reserved for planned activities by HES within the Subject Interests without HES's approval (which HES may grant or withhold at its sole discretion).

  • The Company confirms that for the purposes of calculating Facilities Usage under the Multi-Year Credit Agreement (as such term is defined therein) it shall consider references to the Existing Credit Agreement as references to the Amended Credit Agreement.

  • Additionally, Executive shall continue to be entitled to two (2) lifetime memberships (ELITE Platinum and SIGNATURE Platinum memberships) in the Ultimate Escapes luxury destination clubs, as set forth in Schedule 6.1(a) (UR Member Club Facilities Usage Rights Summary) of the Ultimate Resort Holdings, LLC Operating Agreement, dated April 30, 2007.

  • Royalty costs are higher in Q1-2004 on a Boe basis (after adjusting for cost oil reallocation) as a result of higher commodity prices and lower cost oil (increased production sharing oil).Operating expenses increased 35% on a Boe basis as a result of an increase in the cost of the Transportation and Facilities Usage Contract with MOM which allowed for a $0.40 increase in the export pipeline tariff following recovery of all historical costs.

  • Buyer has requested that certain modifications be made to the Access Easement Agreement and the Water Facilities Usage Agreement and Easement Agreement (collectively, the “Agreements”).

  • The assignment of the Subject Interests will allow MOXY to access and utilize the platforms and facilities included in the Subject Interests in connection with MOXY's exploration and exploitation opportunities on an appropriate commercial basis with respect to the costs (including reasonable amortization) of operating and using the platform(s) and facilities (the "Facilities Usage Rights").


More Definitions of Facilities Usage

Facilities Usage means, as of any date, the amount expressed as a percentage calculated as (A) the sum of (i) all Loans outstanding under this Agreement and (ii) all Loans outstanding and the amount of the LC Exposure under the Multi-Year Credit Agreement divided by (B) the sum of (i) the Lenders' Commitments under this Agreement and (ii) the Lenders' Commitments under the Multi-Year Credit Agreement; provided that for the purposes of subclauses (A)(ii) and (B)(ii) of this paragraph only, the terms "Lenders", "Loans", "LC Exposure" and "Commitments" shall have the meanings as defined under the Multi-Year Credit Agreement.
Sample 1
Facilities Usage means, as of any date, the amount expressed as a percentage calculated as (a) all Loans outstanding and the amount of the LC Exposure under this Agreement divided by (b) the Lenders’ Commitments under this Agreement.
Sample 1
Facilities Usage means a fraction, calculated as of the last day of each Fiscal Quarter: (i) prior to the Delayed Draw Term Loan Commitment Termination Date, the numerator of which is equal to the sum of the average daily Total Utilization of Delayed Draw Term Loan Commitments and Total Utilization of Revolving Loan Commitments during such Fiscal Quarter (or portion thereof) and the denominator of which is equal to the sum of the average daily aggregate Delayed Draw Term Loan Commitments and Revolving Loan Commitments for all Lenders during such Fiscal Quarter (or portion thereof); and (ii) following the Delayed Draw Term Loan Commitment Termination Date, the numerator of which is equal to the average daily Total Utilization of Revolving Loan Commitments and the denominator of which is equal to the average daily aggregate Revolving Loan Commitments for all Lenders during such Fiscal Quarter (or portion thereof).
Sample 1
Facilities Usage means a fraction, calculated as of the last day of each Fiscal Quarter (i) prior to the Delayed Draw Term Loan Commitment Termination Date, the numerator of which is equal to the average daily Total Utilization of Commitments during such Fiscal Quarter and the denominator of which is equal to the average daily aggregate Commitments for all Lenders during such Fiscal Quarter and (ii) on and after the Delayed Draw Term Loan Commitment Termination Date, the numerator of which is equal to the average daily Total Utilization of Revolving Loan Commitments and the denominator of which is equal to the average daily aggregate Revolving Loan Commitments for all Lenders during such Fiscal Quarter.
Sample 1
Facilities Usage means, as of any date, the amount expressed as a percentage calculated as (A) the sum of (i) all Loans outstanding and the amount of the LC Exposure under the Existing Five Year Credit Agreement and (ii) all Loans outstanding and the amount of the LC Exposure under this Agreement divided by (B) the sum of (i) the Lenders’ Commitments under this Agreement and (ii) the Lenders’ Commitments under the Existing Five Year Credit Agreement; provided that for the purposes of subclauses (A)(i) and (B)(ii) of this paragraph only, the terms “Lenders”, “Loans”, “LC Exposure”, and “Commitments” shall have the meanings as defined in the Existing Five Year Credit Agreement.
Sample 1

Related to Facilities Usage

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Facility Limit means $100,000,000 as reduced or increased from time to time pursuant to Section 2.02(e) or 2.02(h), as applicable. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Availability Reserve means without duplication, (a) the Rent and Charges Reserve; (b) the Hedge Product Reserve, (c) the Banking Services Reserve; provided that reserves of the type described in this clause (c) shall be instituted only after consultation with the Lead Borrower; (d) the Priority Payable Reserve; (e) the GST, HST Tax Reserve; (f) the Royalty Reserve; and (g) such additional reserves not otherwise addressed in clauses (a) through (f) above, in such amounts and with respect to such matters, as the Administrative Agent in its Permitted Discretion may elect to establish or modify from time to time. Notwithstanding anything to the contrary in this Agreement, (i) such Availability Reserves shall not be established or changed except upon not less than five (5) Business Days’ (or such shorter period as may be agreed by the Lead Borrower) prior written notice to the Lead Borrower, which notice shall include a reasonably detailed description of such applicable Availability Reserve being established (during which period (a) the Administrative Agent shall, if requested, discuss any such Availability Reserve or change with the Lead Borrower and (b) the Lead Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Availability Reserve or change thereto no longer exists or exists in a manner that would result in the establishment of a lower Availability Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to the Administrative Agent), (ii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall be limited to such Availability Reserve or changes as the Administrative Agent determines in its Permitted Discretion to be necessary (a) to reflect items that could reasonably be expected to adversely affect the value of the applicable Eligible Accounts or Eligible Inventory or (b) to reflect items that could reasonably be expected to adversely affect the enforceability or priority of the Administrative Agent’s Liens on the applicable Collateral, and (iii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Availability Reserve, criteria, rate or such change; provided that (x) no Availability Reserves may be established after the Closing Date based on circumstances, contingencies, events, conditions or matters known to the Administrative Agent as of the Closing Date for which no Availability Reserve was imposed on the Closing Date or criteria included in the definitions of Eligible Accounts or Eligible Inventory, in each case, as in effect on the Closing Date, unless such events, conditions or matters have changed in any material adverse respect since the Closing Date, (y) in no event shall any Availability Reserve with respect to any component of the Borrowing Base duplicate any Availability Reserve or adjustment already accounted for in determining eligibility criteria (including collection and/or advance rates) and (z) no Availability Reserve shall be imposed on the first 5% of dilution of Accounts and thereafter no dilution Availability Reserve shall exceed 1% for each incremental whole percentage in dilution over 5% (it being agreed that partial percentage point reserves are permitted (e.g., a reserve for 0.1 percentage points where dilution is 5.1%). Notwithstanding clause (i) of the preceding sentence, changes to the Availability Reserves solely for purposes of correcting mathematical or clerical errors (and such other changes as are otherwise agreed to by the Lead Borrower) shall only be subject to a notice period of one (1) Business Day, it being understood that no Default or Event of Default shall be deemed to result therefrom, if applicable, for a period of five (5) Business Days.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Availability Reserves means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, such reserves as the Lender from time to time reasonably determines as being appropriate (a) to reflect the impediments to the Lender’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that the Lender determines will need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Loan Party, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, but are not limited to, as the Lender reasonably determines, reserves based on: (i) rent; (ii) customs duties, and other costs to release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges, including, without limitation, ad valorem, real estate, personal property, sales, claims of the PBGC and other Taxes which may have priority over the interests of the Lender in the Collateral; (iv) salaries, wages and benefits due to employees of the Borrower, (v) Customer Credit Liabilities; (vi) customer deposits; (viii) reserves for reasonably anticipated changes in the Appraised Value of Eligible Inventory between appraisals; (viii) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the interests of the Lender in the Collateral; (ix) amounts due to vendors on account of consigned goods, if any (x) Cash Management Reserves, (xi) Bank Product Reserves, and (xii) royalties payable in respect of licensed merchandise.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.