Total Unutilized Commitment definition

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.
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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.
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Total Unutilized Commitment means, at any time, the sum of the Unutilized Commitments of each of the Banks.
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Examples of Total Unutilized Commitment in a sentence

  • Pursuant to Section 3.02 of the Credit Agreement, the Borrower hereby terminates the Total Unutilized Commitment in whole, effective as of the Third Amendment Effective Date.

  • Upon at least five Business Days' prior telephonic notice confirmed in writing to the Agent (which notice the Agent shall promptly transmit to each of the Lenders), the Company shall have the right, without premium or penalty, to terminate the Total Unutilized Commitment in part or in whole; provided, that any such partial termination (a) shall apply proportionately to the Commitment of each of the Lenders and (b) shall be in the amount of $5,000,000 or, if greater, an integral multiple of $1,000,000.

  • Except with respect to Loans made pursuant to Section 3.03(b), the aggregate principal amount of each Borrowing made by the Lenders shall not be less than the lesser of (i) $3,000,000 and (ii) the Total Unutilized Commitment and, if greater, shall be an integral multiple of $1,000,000.

  • The aggregate principal amount of each Borrowing of Loans shall be not less than $2,000,000, provided that Borrowings of Loans constituting Base Rate Loans may be made in amounts not less than $1,000,000 (or, if less, the amount of the Total Unutilized Commitment) but at no time shall there be outstanding more than ten Eurodollar Loans.

  • Upon at least two Business Days' prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Banks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, in integral multiples of $1,000,000; provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Bank.


More Definitions of Total Unutilized Commitment

Total Unutilized Commitment means at any time for the determination thereof, the Total Commitment less the aggregate outstanding principal amount of all Loans at such time.
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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).
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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.
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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.
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Total Unutilized Commitment means the aggregate Unutilized Commitment for all of the Banks.
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Total Unutilized Commitment means, at any time, an amount equal to the remainder of (i) the Total Commitment then in effect, less
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Total Unutilized Commitment available for “Loans” under the Existing Revolving Credit Agreement. $________
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