Unused Revolving Loan Commitment definition

Unused Revolving Loan Commitment means, for any period from the Closing Date to the final Maturity Date, the amount by which (a) the average aggregate amount of the Commitments for such period exceeds (b) the daily average sum for such period of the aggregate principal amount of all Revolving Loans outstanding.

Unused Revolving Loan Commitment means, with respect to each Revolving Loan Lender at any time, (a) such Lender’s Revolving Loan Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Loans made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Pro Rata Share of the aggregate L/C Commitments of all the Letters of Credit outstanding at such time.

Unused Revolving Loan Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Loan Commitment at such time, minus (b) the Equivalent Amount in U.S. Dollars as of such date of (i) the aggregate principal amount of all Base Rate Loans and LIBO Rate Loans made by such Lender and outstanding on such date, plus (ii) such Lender’s Pro Rata Share of (x) the L/C Obligations, plus (y) the aggregate principal amount of all Swing Line Loans outstanding on such date.

Examples of Unused Revolving Loan Commitment in a sentence

• Borrower shall pay to Administrative Agent for the account of Lenders a non-refundable, recurring Revolving Loan Unused Fee calculated by applying the daily equivalent of an annual Unused Fee Rate determined pursuant to the table set forth in Section 4.6 to the Unused Revolving Loan Commitment on each day during the period from the Effective Date to the Revolving Loan Maturity Date.

• The Equivalent Amount in U.S. Dollars of each Revolving Loan shall be recalculated hereunder on each date on which it shall be necessary to determine the Unused Revolving Loan Commitment, or any or all Loan or Loans outstanding on such date.

• Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a “Revolving Loan”) to the Borrowers from time to time on any Business Day during the period from the Agreement Date until the Maturity Date in an amount for each such Revolving Loan not to exceed such Lender’s Unused Revolving Loan Commitment on such Business Day.

• Upon the request of a Participant made more than twelve (12) months after the Purchase Date, a stock certificate representing the full number of shares of Stock owned by such Participant under the Plan shall be issued and delivered to the Participant.

• This conclusion is consistent with early evidence of the costs of default that Chen and Wei (1993) and Beneish and Press (1993) present.The differences between our conclusions and those in Chava and Roberts (2008) are likely driven by a weakness in the subsample hypothesis testing in Chava and Roberts (2008) common in corporate finance studies but that the causal forest analysis can overcome.

More Definitions of Unused Revolving Loan Commitment

Unused Revolving Loan Commitment means at any time (i) the Revolving Loan Commitment, minus (ii) the Available Amount of the Letters of Credit, minus (iii) any outstanding Letter of Credit Advances, minus (iv) any outstanding Revolving Loan Advances.

Unused Revolving Loan Commitment means, with respect to (i) any Revolving Loan Lender at any time, (a) such Revolving Loan Lender’s Revolving Loan Commitment at such time, minus (b) the sum of (x) the aggregate principal amount of all Revolving Loan Advances, Swing Line Loan Advances and Letter of Credit Advances made by such Revolving Loan Lender and outstanding at such time, plus (y) such Revolving Loan Lender’s Pro Rata Share of the aggregate Available Amount of all Letters of Credit outstanding at such time; and (ii) the Revolving Loan Lenders at any time (in the aggregate), (a) the Revolving Loan Lenders’ Revolving Loan Commitments at such time, minus (b) the sum of (x) the aggregate principal amount of all Revolving Loan Advances, Swing Line Loan Advances and Letter of Credit Advances made by the Revolving Loan Lenders and outstanding at such time, plus (y) the aggregate Available Amount of all Letters of Credit outstanding at such time.

Unused Revolving Loan Commitment means at any date, (a) with respect to all Lenders, an amount equal to the Aggregate Revolving Loan Commitments, less the sum of (i) the Aggregate Revolving Loan Amount Outstanding, and (ii) the aggregate outstanding Letter of Credit Obligations pertaining to In-Line Standby Letters of Credit and (b) with respect to any Lender, an amount equal to the aggregate Unused Revolving Loan Commitments determined in clause (a) above multiplied by such Lender's pro rata share of all Revolving Loan Commitments.

Unused Revolving Loan Commitment means, with respect to (i) any Lender at any time, (a) such Lender's Revolving Loan Commitment at such time minus (b) the sum of (x) the aggregate principal amount of all Revolving Loan Advances and Letter of Credit Advances made by such Lender and outstanding at such time, plus (y) such Lender's Pro Rata Share of the aggregate Available Amount of all Letters of Credit outstanding at such time; and (ii) the Lenders at any time (in the aggregate), (a) the Lenders' Revolving Loan Commitments at such time minus (b) the sum of (x) the aggregate principal amount of all Revolving Loan Advances and Letter of Credit Advances made by the Lenders and outstanding at such time, plus (y) the aggregate Available Amount of all Letters of Credit outstanding at such time.

Unused Revolving Loan Commitment means, in the case of each Lender, as of the date as of which the amount thereof shall be determined, the positive difference, if any, between (i) the amount of such Lender's Revolving Loan Commitment as of such date and (ii) such Lender's Revolving Loan Commitment Percentage of the Outstanding Amount as of such date.

Unused Revolving Loan Commitment on any day shall be the difference between (i) the amount

Unused Revolving Loan Commitment means, with respect to any Lender at any date of determination, (a) such Lender’sRevolving Loan Commitment at such time, m inus (b) the Equivalent Amount in U.S. Dollars as of such date of (i) the aggregateprincipal amount of all Base Rate Loans and LIBO Rate Loans made by such Lender and outstanding on such date, plus (ii) such Lender’s Pro Rata Share of (x) the L/C Obligations, plus (y) the aggregate principal amount of all Swing Line Loans outstanding on such date.