Unused Revolving Credit Commitments definition

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 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, provided that Swing Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitment of the Administrative Agent for purposes of computing the commitment fee under Section 2.1(a) hereof.

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 U.S. Dollar Equivalent of all L/C Obligations.

Examples of Unused Revolving Credit Commitments in a sentence

• The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments.

• Each ABR Borrowing when made shall be in a minimum principal amount of $100,000; provided that an ABR Revolving Loan Borrowing may be made in a lesser aggregate amount that is (x) equal to the entire aggregate Unused Revolving Credit Commitments or (y) required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e).

• Any such termination or reduction of the Unused Revolving Credit Commitments shall be permanent.

• Each Swingline Loan shall be in a minimum principal amount of not less than $100,000 or such lesser amount as may be agreed by the Swingline Lender; provided that, notwithstanding the foregoing, a Swingline Loan may be in an aggregate amount that is (x) equal to the entire unused balance of the aggregate Unused Revolving Credit Commitments or (y) required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e).

• Each Revolving Credit Borrowing shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or the outstanding Letter of Credit Advances) or, if less, the amount of the aggregate Unused Revolving Credit Commitments at such time.

More Definitions of Unused Revolving Credit Commitments

Unused Revolving Credit Commitments means, at any time, (a) in the case of Revolving USD Credit Commitments the difference between the Revolving USD Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations allocable to the Revolving USD Credit Commitments and (b) in the case of Revolving Multicurrency Credit Commitments, the difference between the Revolving Multicurrency Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations allocable to the Revolving Multicurrency Credit Commitments; provided that Swing Loans outstanding from time to time shall not be deemed to reduce the Unused Revolving Credit Commitment of the Lenders for purposes of computing the Commitment Fee under Section 2.13(a) hereof.

Unused Revolving Credit Commitments shall have the meaning assigned to such term in the Senior Facility Loan Agreement as in effect as of the date hereof.

Unused Revolving Credit Commitments means, collectively, the Unused Multicurrency Revolving Credit Commitments and the Unused Transpacific Revolving Credit Commitments.

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 all Loans and Reimbursement Obligations and the maximum amount available to be drawn under all L/Cs then outstanding, provided that for purposes of computing the commitment fee under Section 3.1 hereof (a) Swing Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitment of the Swing Bank, and (b) Bid Loans outstanding from time to time shall be deemed to reduce the Unused Revolving Credit Commitment of the Bank that made such Bid Loans.

Unused Revolving Credit Commitments means the Maximum Revolving Credit Amount in effect at such time LESS the sum of the Aggregate Outstanding Revolving Credit Extensions for each Revolving Credit Lender LESS the Letter of Credit Exposure and LESS the aggregate principal amount of Swing Line Loans then outstanding.

Unused Revolving Credit Commitments means as of any time, the difference between (x) the Revolving Credit Commitments then in effect (without regard to any reduction in actual availability as a result of the failure of the IBICO GmbH Pledge Event to have occurred) and (y) the greater of the (i) Original Dollar Amount and (ii) U.S. Dollar Equivalent, as the case may be, of the aggregate principal amount of all Revolving Loans (whether Committed Revolving Loans or Swing Line Loans) and L/C Obligations then outstanding.

Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect (taking into account any reductions pursuant to Section 1.12 hereof) and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.