Unutilized Amount definition

Unutilized Amount is defined in Section 2.1(f).

Unutilized Amount means, as of any date, an amount equal to the difference between

Unutilized Amount means, as of any date, an amount equal to the difference between $7,000,000 and the combined Outstanding Principal Balance of the Notes.

Examples of Unutilized Amount in a sentence

• Such payment shall be irrevocable; provided, however, during the period from the Final Payment Date to and including the fourth anniversary of the date of this Agreement, the Purchaser may utilize all or any portion of the Unutilized Amount as a credit to purchase MCUs pursuant to a CPA, such CPA to contain substantially the same terms and conditions regarding capacity as set forth in the Capacity Purchase Agreement, dated as of December 29, 1998, between Atlantic Crossing Ltd.

• In determining any amount pursuant to the foregoing clauses (i) or (ii) permitted to be carried forward as Consolidated Capital Expenditures to be made in a succeeding fiscal year, such amount shall be determined solely on the basis of the permitted Capital Expenditure Amount for that Reference Period and shall not include any Unutilized Amount from any prior period.

• Notwithstanding the foregoing, in no event shall the Capital Expenditure Amount for the fiscal year ending December 31, 1995, be increased by any Unutilized Amount from the fiscal year ending December 31, 1994.

More Definitions of Unutilized Amount

Unutilized Amount means an amount equal to the Commitment Amount less the unpaid principal amount of Drawings under the Series C Bonds.

Unutilized Amount means, as of any date, an amount equal to the difference between (i) the Available Commitment and (ii) the aggregate amount of Advances made by the Initial Purchaser pursuant to the terms hereof.

Unutilized Amount means, as of any day, an amount equal to the difference between (i) the Commitment and (ii) the aggregate amount of Advances extended under the 2021 Sewer Notes.

Unutilized Amount has the meaning assigned to that term in Section 7.8. 1.2

Unutilized Amount means (i) the Exchange Cap, minus (ii) the Privately Exchanged Notes exchanged at the Closing by the Exchanging Parties pursuant to the Private Exchange.

Unutilized Amount means an amount equal to the difference between (A) the amount of the Facility and (B) the total aggregate amount actually disbursed to the Borrower under this Agreement.

Unutilized Amount means, as of any date of determination, the difference between (a) the European Maximum Amount as of such date and (b) the average for the period of the daily closing balances of the aggregate European Revolving Loan and the European Swing Line Loan outstanding during the period for which the Fee referenced in SECTION 1.9(b) is due. "US BORROWER" has the meaning ascribed to it in the preamble to this Agreement. "US CREDIT PARTY" means Innovations, US Borrower and each of their respective Domestic Subsidiaries (other than Excluded US Subsidiaries).