Minimum Utilization Amount means, for any day, an amount equal to 50% of the aggregate commitments of the Lenders as of the close of business on such day.
Minimum Utilization Amount means, for any day, an amount equal to 35% of the aggregate Commitments of the Lenders as of the close of business on such day.
Minimum Utilization Amount means, with respect to any Lender for any day, an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.
Examples of Minimum Utilization Amount in a sentence
The amount of each Advance requested by the Borrower thereafter shall not be less than the difference of the Minimum Utilization Amount less the aggregate principal amount of all outstanding Advances at such time.
More Definitions of Minimum Utilization Amount
Minimum Utilization Amount means, with respect to any Lender, an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.
Minimum Utilization Amount means, with respect to any Lender for (x) any day during the 2022 Convertible Notes Refinancing Distribution Period, an amount equal to zero percent (0%) of the Commitment of such Lender as of the close of business on such day and (y) any day other than a day set forth in the foregoing clause (x), an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.
Minimum Utilization Amount means an amount of outstanding Advances equal to $60,000,000.
Minimum Utilization Amount shall have the meaning set forth on Schedule 4.
Minimum Utilization Amount has the meaning set forth in the Additional Loan Terms and Covenants Addendum attached hereto as Exhibit A.
Minimum Utilization Amount means 40% of the Facility Limit.