Unused Revolving Commitment Amount definition

Unused Revolving Commitment Amount means, for any period, the amount by which (i) the then applicable Revolving Committed Amount exceeds (ii) the daily average sum for such period of (A) the aggregate principal amount of all outstanding Revolving Loans plus (B) the aggregate amount of all outstanding L/C Obligations. For the avoidance of doubt, no deduction shall be made on account of outstanding Swing Line Loans in calculating the Unused Revolving Commitment Amount.
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Unused Revolving Commitment Amount means, as of any time, (x) the Revolving Commitment Amount as of such time less (y) the Revolving Outstandings as of such time.
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Unused Revolving Commitment Amount has the meaning given to that term in Section 3.5.(b)(i).
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Examples of Unused Revolving Commitment Amount in a sentence

  • The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender (subject to Section 2.17(a)) a fee (the “Commitment Fee”) on such Lender’s Revolving Commitment Percentage of the daily Unused Revolving Commitment Amount, computed at a per annum rate for each day at a rate equal to the then applicable rate per annum set forth under clause (c) of the definition of “Applicable Margin” in Section 1.01.

  • The Company agrees to pay to the Agent for its own account (and not for the account of any Lender) an administrative fee at a rate per annum equal to 0.10% on the daily Unused Revolving Commitment Amount.

  • The Company agrees to pay to the Agent for the account of each Lender an unused fee at a rate per annum equal to 0.15% on such Lender’s share of the daily Unused Revolving Commitment Amount.

  • The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender having a Revolving Commitment a commitment fee at a per annum rate equal to the Commitment Fee Rate on the average daily Unused Revolving Commitment Amount of such Revolving Lender, from the date of this Agreement until the Commitment Termination Date.

  • The Administrative Agent shall have received, for the account of each Lender that shall have executed a counterpart of Second Amendment on or before 5:00 p.m. (Eastern time), on October 1, 2004, an amendment fee in an amount equal to 0.10% of the sum of (i) the aggregate principal amount of the Loans and LOC Obligations held by such Lender plus (ii) the Unused Revolving Commitment Amount held by such Lender, in each case, as of the Second Amendment Effective Date.

  • Subject to Section 2.16(a)(iii), the Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a revolving commitment fee, which shall accrue at the rate per annum equal to the Applicable Margin for Commitment Fees on the daily Unused Revolving Commitment Amount of such Lender during the period from the Effective Date until the Revolving Maturity Date.

  • Each Revolving Lender severally agrees, on the terms and conditions set forth in this Agreement (including without limitation, the terms set forth in Section 3.01), to make Revolving Advances to the Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolving Commitment Termination Date in an amount for each Revolving Lender not to exceed such Revolving Lender’s Unused Revolving Commitment Amount.

  • The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender (other than a Defaulting Lender) a fee (the “Commitment Fee”) on such Lender’s Revolving Commitment Percentage of the daily Unused Revolving Commitment Amount, computed at a per annum rate for each day at a rate equal to the then applicable rate per annum set forth in the definition of “Applicable Margin” in Section 1.01.

  • During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make Revolving Loans to Company in an aggregate amount up to but not exceeding such Lender’s Unused Revolving Commitment Amount; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the lesser of (i) Revolving Commitments then in effect and (ii) the Borrowing Base then in effect.

  • The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee (the “Commitment Fee”) on such Lender’s Aggregate Revolving Commitment Percentage of the daily Unused Revolving Commitment Amount, computed at a per annum rate for each day equal to 0.50%.


More Definitions of Unused Revolving Commitment Amount

Unused Revolving Commitment Amount means, with respect to a Lender at any time, the lesser of (a) such Lender’s Revolving Commitment at such time and (b) such Lender’s Revolving Pro Rata Share of the Borrowing Base then in effect at such time minus, in each case, the sum of (i) the aggregate outstanding principal amount of all Revolving Advances owed to such Lender at such time plus (ii) such Lender’s Revolving Pro Rata Share of the aggregate Letter of Credit Exposure at such time.
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Unused Revolving Commitment Amount means, with respect to a Revolving Lender at any time, the amount (if any) by which such Revolving Lender’s Revolving Commitment at such time exceeds the aggregate principal amount at such time of its outstanding Revolving Advances.
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Unused Revolving Commitment Amount set forth in Section 1.01 of the Credit Agreement is hereby amended by inserting “Revolving” immediately following the phrase “of all outstanding” in clause (ii)(B) thereof.
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Unused Revolving Commitment Amount means, for any period, the amount by which (i) the then applicable Aggregate Revolving Committed Amount of all non-Defaulting Lenders exceeds
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Related to Unused Revolving Commitment Amount

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders, as adjusted from time to time in accordance with the terms hereof. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).