Minimum Utilization Amount definition
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, 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, 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.
Examples of Minimum Utilization Amount in a sentence
Notwithstanding the foregoing, if a Utilization Fee is payable with respect to the Delayed Draw Term Advances pursuant to Section 2.05(f), the Unused Fee in respect of the Delayed Draw Term Advances shall be calculated as if the Delayed Draw Term Advances Outstanding equal the Minimum Utilization Amount.
More Definitions of Minimum Utilization Amount
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 means twenty five percent (25%) of Seller’s Concentration Limit.
Minimum Utilization Amount means 70% of the Aggregate Commitment.
Minimum Utilization Amount means an amount of outstanding Advances equal to $60,000,000. “MLA” means the Military Lending Act, 10 U.S.C. § 987.
Minimum Utilization Amount. $100,000,000.