Examples of Revolving Credit Usage in a sentence
At no time shall the Total Revolving Credit Usage exceed the Total Revolving Credit Commitment.
The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to the Applicable Fee Rate times the actual daily amount by which the Aggregate Commitments exceed the Revolving Credit Usage, subject to adjustment as provided in Section 2.16.
The Borrowers shall pay or prepay Loans within one (1) Business Day after receiving such notice such that the Total Revolving Credit Usage shall not exceed the lesser of (A) the aggregate Revolving Credit Commitment or (B) the Borrowing Base after giving effect to such payments or prepayments.
The aggregate principal -------------- amount of Swingline Loans outstanding at any one time shall not exceed the Maximum Swingline Amount and the Total Revolving Credit Usage shall not at any one time exceed the lesser of (i) the Borrowing Base or (ii) the Revolving Credit Commitment.
Borrower shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Percentage, a commitment fee equal to the Applicable Revolving Loan Commitment Fee Percentage per annum times the actual daily amount by which the Aggregate Revolving Commitments exceed the Revolving Credit Usage during each day of the immediately preceding quarter (or portion thereof), subject to adjustment as provided in Section 2.17.
If on any Computation -------------------- Date the Total Revolving Credit Usage is equal to or greater than the lesser of (A) the aggregate Revolving Credit Commitment or (B) the Borrowing Base, as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Agent shall notify the Borrowers of the same.
Notwithstanding any other provision of this Agreement to the contrary, the Total Revolving Credit Usage shall not at any time exceed the lesser of (i) the Total Revolving Credit Commitment and (ii) the Borrowing Base, and no Revolving Credit Loan or Swing Line Loan shall be made or R/C Letter of Credit issued in violation of the foregoing.
The Borrowing Base and the Revolving Credit Usage Cap shall apply and shall limit the amount of Borrowings available to Borrower unless and until Borrower has achieved both (x) a Consolidated Fixed Charge Coverage Ratio in excess of 2.00 to 1.00 determined as of the end of the most recent fiscal quarter, and (y) a Consolidated Cash Flow Leverage Ratio below 3.0 to 1.00, determined as of the end of the most recent fiscal quarter.
Accruing from the date hereof until the Maturity Date, the Borrowers agree to pay to the Lender, as consideration for the Lender’s Revolving Credit Commitment hereunder, a nonrefundable fee (the “Unused Line Fee”) equal to 0.40% per annum (computed on the basis of a year of 360 days, as the case may be, and actual days elapsed) on the average daily difference between the amount of such Lender’s Revolving Credit Commitment as the same may be constituted from time to time and the Revolving Credit Usage.
The Borrower shall not at any time permit the Revolving Credit Usage to exceed the Borrowing Base.