Unused Revolver Commitment definition

Unused Revolver Commitment means at any date, with respect to any Revolver Lender, an amount equal to its Revolver Commitment less the sum of the aggregate outstanding principal amount of the sum of its Revolver Advances and its Applicable Revolver Percentage of Swing Advances.
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Unused Revolver Commitment means at any date, with respect to any Lender, an amount equal to its Revolver Commitment less the sum of: (i) the aggregate outstanding principal amount of its Revolver Advances (excluding Swing Advances); (ii) such Lender’s pro rata share of the aggregate outstanding principal amount of all advances made by the Letter of Credit Issuer pursuant to Section 11; and (iii) such Lender’s pro rata share of the Undrawn Amounts.
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Unused Revolver Commitment means, as at any date, the difference, if any, between (i) Maximum Revolving Loan Limit, and (ii) the sum of (A) the aggregate outstanding principal balance of all Revolving Loans, and (B) the Letter of Credit Obligations.
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Examples of Unused Revolver Commitment in a sentence

  • Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000 (except that any such Borrowing may be in the aggregate amount of the Total Unused Revolver Commitment).

  • Borrower shall pay to the Lender an unused commitment fee (the "Unused Revolver Commitment Fee") on the daily average amount of the Unused Revolver Commitment, for the period from the date hereof to and including the Termination Date, in an amount equal to the Unused Revolver Commitment multiplied by a rate per annum equal of 0.25%.

  • The accrued Unused Revolver Commitment Fee shall be payable quarterly in arrears, and on the Termination Date.

  • As used herein, the term "Unused Revolver Commitment" means, at any date, an amount equal to $3,500,000.00 less the outstanding principal amount of the Borrowing Base Loan on such date.


More Definitions of Unused Revolver Commitment

Unused Revolver Commitment means, at any date and with respect to any Lender, an amount equal to such Lender's Revolver Commitment less the sum of such Lender's Revolving Credit Exposure.
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Unused Revolver Commitment means, at any date, an amount equal to $3,500,000.00 less the outstanding principal amount of the Borrowing Base Loan on such date.
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Unused Revolver Commitment means, on any date of determination, the Revolver Commitment in effect on such date, minus all outstanding Revolver Advances made under the Revolver Loan on such date.
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Related to Unused Revolver Commitment

  • Revolver Commitment means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Unused Commitment means, with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Advances made by such Lender (in its capacity as a Lender) and outstanding at such time and (ii) such Lender’s Ratable Share of the aggregate L/C Obligations and, other than for the purposes of calculation of the commitment fees, such Lender’s Ratable Share of the aggregate Swingline Exposure outstanding at such time.