Total Unutilized Commitment means, at any time, an amount equal to the remainder of (i) the Total Commitment then in effect, less (ii) the sum of the aggregate principal amount of Revolving Loans and Swingline Loans outstanding plus the then aggregate amount of Letter of Credit Outstandings.
Total Unutilized Commitment means, at any time, an amount equal to the remainder of (x) the Total Commitment as in effect at such time less (y) the Aggregate Exposure at such time.
Total Unutilized Commitment means, at any time, the sum of the Unutilized Commitments of the Lenders at such time.
Examples of Total Unutilized Commitment in a sentence
Such commitment fee shall accrue from and including the date hereof to but excluding the date of termination of the Commitment on the daily average Total Unutilized Commitment.
More Definitions of Total Unutilized Commitment
Total Unutilized Commitment means, at any time, the Total Commitment at such time minus the sum of the aggregate outstanding Principal Amount of Loans at such time and the Letter of Credit Outstandings at such time.
Total Unutilized Commitment means, at any time, (i) the Total Commitment at such time less (ii) the sum of the aggregate principal amount of all Loans at such time, plus the Letter of Credit Outstandings at such time. "TRADE LETTER OF CREDIT" see Section 2.01(a).
Total Unutilized Commitment means, at any time, an amount equal to the remainder of(x) the Total Commitment in effect at such time less (y) the amount of all Loans outstanding at such time.
Total Unutilized Commitment means, at any time, the aggregate amount of the Commitment available to be borrowed by the Borrower pursuant to Section 2.01 at such time less the aggregate outstanding principal amount of all Loans (exclusive of any PIK Interest Amounts added to the principal balance of the Loans in accordance with Section 2.06(c)).
Total Unutilized Commitment appearing in Section 11 of the Credit Agreement is hereby amended by deleting said definition in its entirety and inserting in lieu thereof the following text of a new definition:
Total Unutilized Commitment available for “Loans” under the Existing Revolving Credit Agreement. $________
Total Unutilized Commitment means the Total Commitment in effect at such time less the aggregate outstanding principal amount of all Loans made by all Lenders at such time.