Revolving Commitment Usage definition

Revolving Commitment Usage means, at any time, (i) with respect to any Lender, the aggregate unpaid principal amount of all Revolving Loans made by such Lender and (ii) with respect to all Lenders, the aggregate unpaid principal amount of all Revolving Loans.
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Revolving Commitment Usage means, at any time, (i) with respect to any Lender, the sum of (a) the aggregate unpaid principal amount of all Revolving Loans made by such Lender plus (b) such Lender's pro rata share (in accordance with the respective Revolving Commitments of the Lenders) of the aggregate unpaid principal amount of all Bid Loans, and (ii) with respect to all Lenders, the aggregate unpaid principal amount of all Revolving Loans and Bid Loans, in each case at such time and giving effect to Borrowings then requested.
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Revolving Commitment Usage means, at any time, (i) with respect to any Lender, the sum of (A) the aggregate unpaid principal amount of all Revolving Loans made by such Lender, and (B) the Lender's PRO RATA share of all Letter of Credit Liability, and (ii) with respect to all Lenders, the sum of (A) the aggregate unpaid principal amount of all Revolving Loans, and (B) all Letter of Credit Liability, in each case giving effect to Borrowings then requested.
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Examples of Revolving Commitment Usage in a sentence

  • If at any time the aggregate Revolving Commitment Usage of all Lenders exceeds the aggregate amount of the Revolving Commitments, the Borrower shall, on the Business Day on which the Borrower learns or is notified of the excess, make mandatory prepayments of the Revolving Loans as may be necessary so that, after such prepayment, such excess is eliminated.

  • If at any time the aggregate Revolving Commitment Usage of all Lenders exceeds the aggregate amount of the Revolving Commitments or the Borrowing Base then in effect, the Borrower shall, on the Business Day on which the Borrower learns or is notified of the excess, make mandatory prepayments of the Revolving Loans (and thereafter in respect of any Letters of Credit as provided in Section 2.8.2.

  • The Borrower shall pay to the Agent, for the pro rata benefit of the Lenders, a commitment fee for each day from and after the Closing Date until the Stated Termination Date, upon the excess, if any, of (a) the aggregate Revolving Commitments of the Lenders over (b) the Revolving Commitment Usage of all, in each case for such day.

  • If at any time the aggregate Revolving Commitment Usage of all Lenders exceeds the aggregate amount of the Revolving Commitments then in effect, the Borrower shall, on the Business Day on which the Borrower learns or is notified of the excess, notify the Agent that on the next Business Day the Borrower will make mandatory prepayments of the Revolving Loans as may be necessary so that, after such prepayment and provision, such excess is eliminated.

  • The Borrower shall pay to the Agent, for the pro rata benefit of the Lenders, a commitment fee for each day from and after the Closing Date until the Stated Termination Date, upon the excess, if any, of (a) the aggregate Revolving Commitments of the Lenders over (b) the Revolving Commitment Usage, in each case for such day.

  • If at any time -------------------------------------- the aggregate Working Capital Revolving Commitment Usage of all Lenders exceeds the aggregate amount of the Working Capital Revolving Commitments then in effect, CI shall, on the Business Day on which CI learns or is notified of the excess, notify the Agent that on the next Business Day the Borrowers will make mandatory prepayments of the Working Capital Revolving Loans (and thereafter in respect of any Letters of Credit as provided in Section 2.9.3.

  • The Borrower shall pay to the Agent, for the pro rata benefit of the Lenders, a commitment fee for each day from and after the Closing Date until the Stated Termination Date, upon the excess, if any, of (a) the aggregate Revolving Commitments of the Lenders over (b) the Revolving Commitment Usage of all Lenders, in each case for such day.

  • If at any time the aggregate Revolving Commitment Usage of all Lenders exceeds the aggregate amount of the Revolving Commitments, the Borrower shall, on or prior to two (2) Business Days after the day on which a Responsible Officer of the Borrower learns or is notified of the excess, make mandatory prepayments of the Revolving Loans as may be necessary so that, after such prepayment, such excess is eliminated.


More Definitions of Revolving Commitment Usage

Revolving Commitment Usage means, at any time and without duplication, the sum of (a) the Revolving Principal Debt plus (b) the LC Exposure.
Sample 1

Related to Revolving Commitment Usage

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached 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).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • 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.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (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 under the caption “Revolving Credit Commitment” or opposite such caption 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.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $500,000,000.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • 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.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • 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.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.