Facility Usage definition

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

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

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

Examples of Facility Usage in a sentence

• Borrower will not issue any securities other than shares of its common stock, preferred stock and any options or warrants giving the holders thereof only the right to acquire such shares or debt securities permitted to be incurred under Section 7.1; provided, however, that the net proceeds of any such issuance shall first be applied as a mandatory prepayment of the Loans under Section 2.7, if, at the time of such issuance, the Facility Usage exceeds the Borrowing Base.

• The Association agrees to indemnify the Board for any losses, costs and/or damages, including reasonable attorney's fees, incurred by the Board related to the Association's use of equipment and facilities which is in contravention of this provision, "Equipment and Facility Usage".

More Definitions of Facility Usage

Facility Usage means, at any time, without duplication, the sum of (a) the amount of Advances outstanding at such time and (b) the aggregate Available Amount of outstanding Letters of Credit.

Facility Usage means, at the time in question, the aggregate outstanding principal amount of all Loans of all Lenders plus all Letter of Credit Outstandings of all Issuers.

Facility Usage means, as of any day, the quotient, expressed as a percentage, of (a) Total Credit Exposure on such day divided by (b) the Borrowing Base in effect on such day.

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

Facility Usage means the percentage of the Revolving Credit Facility in use as measured by the (a) the sum of (i) the Outstanding Amount of Revolving Credit Loans, (ii) the Outstanding Amount of L/C Obligations, and (iii) the Outstanding Amount of Swing Line Loans, over (b) the Revolving Credit Facility.

Facility Usage means, at the time in question, the aggregate principal amount of outstanding Loans.

Facility Usage means, at any time, an amount equal to the sum of (i) the aggregate principal amount of all Syndicated Advances denominated in Dollars and the Dollar Amount of all Syndicated Advances denominated in Agreed Currencies other than Dollars outstanding at such time, (ii) the aggregate principal amount of all Competitive Bid Advances denominated in Dollars and the Dollar Amount of all Competitive Bid Advances denominated in Agreed Currencies other than Dollars outstanding at such time and (iii) the aggregate amount of all L/C Obligations outstanding at such time.