Minimum Commitment Usage definition

Minimum Commitment Usage means, as of any date of determination, the product of (i) the total Commitments as of such date and (ii) (x) during the period from the nine-month anniversary of the Effective Date to the last day of the Revolving Period, 75.0% and (y) otherwise, 0%.
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Minimum Commitment Usage means 75.0%.
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Minimum Commitment Usage means, the product of (i) the total Commitments and (ii) 75%.
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More Definitions of Minimum Commitment Usage

Minimum Commitment Usage means (i) from the Effective Date to the six month anniversary of the Effective Dateand including April 4, 2022, 0.0% and, (ii) from April 5, 2022 to and including June 27, 2022, 37.5% and (iii) thereafter, 75%.
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Minimum Commitment Usage means (i) from the Third Amendment Effective Date to and including April 4January 13, 20222023, 0.0%,$150,000,000.00 and (ii) from April 5, 2022 to and including June 27, 2022, 37.5% and (iii) thereafter, 75%$255,000,000.00.
Sample 1
Minimum Commitment Usage means 67.5% of the total Commitments.
Sample 1
Minimum Commitment Usage means, (a) until April 29, 2022, the product of (i) the total Commitments and (ii) 37.5%, and (b) thereafter, the product of (i) the total Commitments and (ii) 75%.
Sample 1
Minimum Commitment Usage means, the product of (i) the total Commitments and (ii) (x) on any calculation date priorfrom the Second Amendment Effective Date to the 63-month anniversary fromof the Second Amendment Effective Date, 060% or (y) on any calculation date thereafter, 75%.
Sample 1
Minimum Commitment Usage means, the sum of (i) the product of (x) the Initial Facility Amount and (y)
Sample 1

Related to Minimum Commitment Usage

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Available Commitment means a Lender’s Commitment minus:

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • 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.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).