Revolver Utilization definition

Revolver Utilization the average daily balance of Revolver Loans and stated amount of Letters of Credit during any Fiscal Quarter. Royalties: all royalties, fees, expense reimbursement and other amounts payable by a Borrower under a License. Sale and Leaseback Transaction: as defined in Section 10.2.20.
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Revolver Utilization means, with respect to the Applicable Unused Fee Margin for the current Fiscal Quarter as determined by Agent, the result (expressed as a percentage) of (i) the sum of (x) the average daily balance of all Revolving Loans outstanding to either (A) the applicable Borrower Group or (B) all of the Borrowers, as the case may be, plus (y) the average daily balance of all Swing Loans outstanding to either (A) the applicable Borrower Group or (B) all of the Borrowers, as the case may be, plus (z) the average daily amount of Letter of Credit Obligations of either (A) the applicable Borrower Group or (B) all of the Borrowers, as the case may be, in each case, during the immediately preceding Fiscal Quarter, divided by (ii) the average daily balances of the Aggregate Revolving Loan Commitment during such preceding Fiscal Quarter.
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Revolver Utilization means the average for any Fiscal Quarter of the daily closing balances of the aggregate Revolving Loan, Swing Line Loan, and Letters of Credit outstanding during such Fiscal Quarter.
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Examples of Revolver Utilization in a sentence

  • The Unused Commitment Fee shall be allocable among the Borrower Groups (in terms of which Borrower Group is primarily liable therefor) by Agent in its Permitted Discretion based on each Borrower Group’s Revolver Utilization during any period as compared to the Revolver Utilization of all of the Borrower Groups for the same period.

  • With respect to any Borrowing Request for any Revolving Loans to be made or any request with respect to any Letters of Credit to be issued or amended prior to the Pending Acquisition Final Determination Date, after giving effect to the making of the Revolving Loans or (as the case may be) the issue or amendment of the Letters of Credit that are the subject of such request, the Aggregate Revolving Commitment shall exceed the Total Revolver Utilization by at least $20,000,000.

  • As of December 31, 2014 and thereafter, the margins and the LC Fee Percentage shall be subject to increase or decrease based on Availability, and the Unused Line Fee Percentage shall be subject to increase or decrease based on the Revolver Utilization, as determined in each case by Agent for the last Fiscal Quarter, which change shall be effective on the first day of the Fiscal Quarter immediately following such Fiscal Quarter.


More Definitions of Revolver Utilization

Revolver Utilization means, as of any date of determination, the ratio, expressed as a percentage, of (a) the Aggregate Revolving Credit Obligations as of such date of determination to (b) the lesser of (i) the Commitments as of such date of determination and (ii) the Borrowing Base as most recently reported by the Borrower Parties on or prior to such date of determination.
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Related to Revolver Utilization

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Banks for any amount drawn under any Letter of Credit, but not yet so applied), (b) the aggregate principal amount of all outstanding Swing Line Loans, and (c) the Letter of Credit Usage.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.