Unutilized Revolving Commitment definition

Unutilized Revolving Commitment for any Bank at any time shall mean the excess of (i) the Revolving Commitment of such Bank over (ii) the sum of (x) the aggregate outstanding principal amount of Revolving Loans made by such Bank plus (y) an amount equal to such Bank's RF Percentage of the Letter of Credit Outstandings at such time.

Unutilized Revolving Commitment means, at any time, with respect to any Lender, the excess of (a) such Lender’s Revolving Commitment at such time over (b) the sum of (i) the principal amount of outstanding Revolving Loans made by such Lender plus (ii) such Lender’s Revolving Facility Percentage of Letter of Credit Outstandings at such time.

Unutilized Revolving Commitment means, with respect to any Lender at any time, such Lender’s Revolving Commitment at such time less the aggregate principal amount of all Revolving Loans (excluding Swingline Exposure) made by such Lender that are outstanding at such time.

Examples of Unutilized Revolving Commitment in a sentence

• The Borrowers agree to pay to the Administrative Agent for the account of the Revolving Credit Lenders in accordance with their Applicable Revolving Loan Percentage a commitment fee (the “Unused Revolver Fee”) for the period from and including the Effective Date to the last day of the Revolving Loan Availability Period, which shall accrue at the rate designated on the grid in the definition “Applicable Margin” on the average daily amount of the Unutilized Revolving Commitment.

• The Borrower may, upon at least three (3) Business Days’ written notice to the Bank, terminate at any time, or proportionately reduce the Unutilized Revolving Commitment from time to time by an aggregate amount of at least $500,000 or any larger integral multiple of $250,000.

More Definitions of Unutilized Revolving Commitment

Unutilized Revolving Commitment means, at any time, the Revolving Commitment less the Revolving Exposure.

Unutilized Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the sum of (A) the Dollar Equivalent of the principal amounts of all Revolving Loans made by all Lenders and outstanding at such time and of all Swing Loans made by the Swing Line Lender and outstanding at such time, and (B) the amount of the Revolving Facility LC Outstandings at such time.

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

Unutilized Revolving Commitment means, for any period, the amount by which (a) the Revolving Loan Commitment exceeds (b) the daily average sum for such period of the outstanding aggregate principal amount of all Revolving Loans plus the daily average balance of LOC Obligations for such period.

Unutilized Revolving Commitment for any RF Lender at any time shall mean the excess of (i) the Revolving Commitment of such Lender over (ii) the sum of (x) the aggregate outstanding principal amount of Revolving Loans made by such Lender plus (y) an amount equal to such Lender's Percentage of the Letter of Credit Outstandings at such time.

Unutilized Revolving Commitment means, at any time, the Aggregate Revolving Commitments at such time, minus the Total Revolving Outstandings at such time.

Unutilized Revolving Commitment means, with respect to any Lender and its Revolving Commitment, at any time, the excess of (i) such Lender's Revolving Commitment at such time over (ii) the sum of (x) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (y) such Lender's Revolving Facility Percentage of Letter of Credit Outstandings at such time.