Total Unutilized Revolving Loan Commitment definition

Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.
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Total Unutilized Revolving Loan Commitment means, at any time, the sum of the Unutilized Revolving Loan Commitments of each of the Banks.
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Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment then in effect, less (y) the sum of (i) the aggregate principal amount of Revolving Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Canadian Revolving Loans then outstanding) plus (ii) the then aggregate amount of Letter of Credit Outstandings.
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Examples of Total Unutilized Revolving Loan Commitment in a sentence

  • Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 3.02 shall apply to reduce the Revolving Loan Commitments of the various RL Lenders pro rata based on their respective RL Percentages.

  • Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 4.02 shall apply to reduce the Revolving Loan Commitments of the various RL Lenders pro rata based on their respective RL Percentages.

  • At the time that each Canadian Prime Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of C$500,000 and not less than C$1,000,000; provided that a Canadian Prime Rate Borrowing may be in an aggregate amount the US Dollar Equivalent of which is equal to the Global Total Unutilized Revolving Loan Commitment so long as after giving effect to such Borrowing the Canadian Revolving Credit Exposure does not exceed $40,000,000.

  • Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 3.02 shall apply to proportionately and permanently reduce the Revolving Loan Commitment of each RL Lender (based on their respective RL Percentages).

  • Voluntary Termination or Reduction of Total Unutilized Revolving Loan Commitment.


More Definitions of Total Unutilized Revolving Loan Commitment

Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment then in effect, less (y) the sum of (I) the aggregate principal amount of Revolving Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Alternate Currency Revolving Loans then outstanding) plus (II) the aggregate principal amount of Swingline Loans then outstanding plus (III) the then aggregate amount of Letter of Credit Outstandings plus (IV) the aggregate principal amount of all Competitive Bid Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Alternate Currency Competitive Bid Loans then outstanding).
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Total Unutilized Revolving Loan Commitment means, at any time, the aggregate amount available to be drawn under the Existing Revolving Credit Facility at such time.
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Total Unutilized Revolving Loan Commitment means, at any time, (a) ------------------------------------------ the Total Revolving Loan Commitment at such time less (b) the sum of the total ---- Revolving Credit Exposures of all the Revolving Lenders at such time.
Sample 1
Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the
Sample 1
Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment then in effect, less (y) the sum of (I) the aggregate principal amount of Revolving Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Non-Dollar Alternate Currency Revolving Loans then outstanding) plus (II) the aggregate principal amount of Swingline Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Alternate Currency Swingline Loans then outstanding) plus (III) the then aggregate amount of Letter of Credit Outstandings plus (IV) the aggregate principal amount of all Competitive Bid Loans then outstanding (for this purpose, taking the Dollar Equivalent thereof in the case of Non-Dollar Alternate Currency Competitive Bid Loans then outstanding).
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Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the then Revolving Loan Commitment less (y) the sum of the aggregate principal amount of Revolving Loans outstanding plus the then aggregate amount of outstanding Letter of Credit Obligations.
Sample 1
Total Unutilized Revolving Loan Commitment appearing in Section 1 of the Credit Agreement is hereby amended by deleting the text “Total Commitment” appearing in said definition and inserting the text “Total Available Commitment” in lieu thereof.
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