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 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 Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a commitment fee (the “Commitment Fee”) which shall be equal to the sum of the products in the applicable Accrual Period of (i) one divided by 360, (ii) 0.50% and (iii) the positive difference, if any, of (A) the Aggregate Commitments then in effect minus (B) the greater of (1) the Total Outstandings on such day and (2) 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, 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 shall have the meaning set forth on Schedule 4.
Minimum Utilization Amount means 70% of the Aggregate Commitment.
Minimum Utilization Amount means an amount of outstanding Advances equal to $60,000,000.
Minimum Utilization Amount means, as of any date of determination during the Revolving Period, an amount equal to 35% of the Facility Limit, provided however that during a Minimum Utilization Holiday, the Minimum Utilization Amount shall be equal to zero; provided further, that the Minimum Utilization Amount will be zero for any date of determination occurring after the end of the Revolving Period.