Examples of Unused Total Commitment in a sentence

Upon at least two Business Days' prior written notice to the Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Unused Total Commitment.
Simultaneously with each reduction or termination, as applicable, of the Unused Total Commitment, the Borrowers shall pay to the Administrative Agent for the account of each Lender the Commitment Fee accrued on the amount of the Commitment of such Lender so terminated or reduced through the date thereof.
Each such reduction or termination, as applicable, of the Unused Total Commitment shall be in the principal amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof.
Any reduction or termination, as applicable, of the Unused Total Commitment pursuant to this Section shall be deemed to be a reduction or termination, as applicable, in the amount of such reduction or termination of the Total Commitment and shall be applied pro rata to reduce the Commitment of each Lender.
Each such reduction or termination, as applicable, of the Unused Total Commitment shall be in the principal amount of $1,000,000 or any integral multiple of $1,000,000 in excess thereof.

More Definitions of Unused Total Commitment

Unused Total Commitment means, at any time, the excess of (a) the Total Credit Facility Amount at such time over (b) the Aggregate Credit Facility Exposure at such time.

Unused Total Commitment means, at any time, the aggregate of the Unused Commitments of all the Lenders at such time.

Unused Total Commitment means, at any time, (a) the Total Commitments less (b) the aggregate principal amount of the Loans then outstanding. “Voting Stock” of any specified Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (1) the sum of the products obtained by multiplying (A) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (B) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (2) the then outstanding principal amount of such Indebtedness. “Withholding Agent” shall mean the Borrower, a Guarantor and the Administrative Agent. “Working Capital” shall mean, as of any date, (i) the current assets of the Borrower minus (ii) the current liabilities of the Borrower (other than the current portion of long term debt), in each case, determined on a consolidated basis and otherwise, in accordance with GAAP as of such date.

Unused Total Commitment means, at any time, the Tranche A Unused Total Commitment or the Tranche B Unused Total Commitment, as the context may require, and "UNUSED TOTAL COMMITMENTS" shall mean the sum of the foregoing.".