Unutilized Revolving Loan Commitment definition

Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

Unutilized Revolving Loan Commitment with respect to any RL Bank at any time shall mean such RL Bank's Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such RL Bank and (ii) such RL Bank's Percentage of the Letter of Credit Outstandings at such time.

Unutilized Revolving Loan Commitment means, at any time, the Total Revolving Loan Commitment at such time less the aggregate outstanding principal amount of all Revolving Loans made at such time.

Examples of Unutilized Revolving Loan Commitment in a sentence

• Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 3.02 shall apply to reduce the Revolving Loan Commitments of the various RL Lenders pro rata based on their respective RL Percentages.

• For purposes of computing commitment fees, the Revolving Loan Commitment of any Revolving Lender shall be deemed to be used to the extent of the Unutilized Revolving Loan Commitment of the Revolving Loans and L/C Obligations of such Lender (but not to the extent of such Lender’s participations in outstanding Swingline Loans).

• Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 4.02 shall apply to reduce the Revolving Loan Commitments of the various RL Lenders pro rata based on their respective RL Percentages.

• At the time that each Canadian Prime Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of C$500,000 and not less than C$1,000,000; provided that a Canadian Prime Rate Borrowing may be in an aggregate amount the US Dollar Equivalent of which is equal to the Global Total Unutilized Revolving Loan Commitment so long as after giving effect to such Borrowing the Canadian Revolving Credit Exposure does not exceed $40,000,000.

• Each reduction to the Total Unutilized Revolving Loan Commitment pursuant to this Section 3.02 shall apply to proportionately and permanently reduce the Revolving Loan Commitment of each RL Lender (based on their respective RL Percentages).

More Definitions of Unutilized Revolving Loan Commitment

Unutilized Revolving Loan Commitment with respect to any Bank, at any time, shall mean such Bank's Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of Revolving Loans made by such Bank (plus, in the case of BTCo, the aggregate outstanding principal amount of Swingline Loans made by BTCo, and (ii) such Bank's Adjusted Percentage of the Letter of Credit Outstandings in respect of Letters of Credit issued under this Agreement.

Unutilized Revolving Loan Commitment for any Bank with a Revolving Loan Commitment at any time shall mean the excess of (i) the Revolving Loan 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 aggregate amount equal to such Bank's Adjusted RC Percentage of the Letter of Credit Outstandings at such time.

Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (a) the aggregate outstanding principal amount of all Revolving Loans (taking the U.S. Dollar Equivalent of any such Revolving Loans denominated in Euros or any Acceptable Foreign Currency) made by such Lender at such time and (b) such Lender’s RL Percentage of the Letter of Credit Outstandings (for this purpose, using the U.S. Dollar Equivalent of amounts denominated in Euros or any Acceptable Foreign Currency) at such time. For the avoidance of doubt and solely for purposes of calculating the “Unutilized Revolving Loan Commitment”, the Revolving Loan Commitment of any Lender shall not be reduced by outstanding Swingline Loans.

Unutilized Revolving Loan Commitment with respect to any Lender at any time shall mean such Lender’s Revolving Loan Commitment at such time, if any, less such Lender’s Revolving Loan Exposure at such time.

Unutilized Revolving Loan Commitment of the Revolving Loan Commitment with respect to any Lender, at any time, shall mean an amount equal to the remainder of (i) such Lender’s Revolving Loan Commitment at such time less (ii) the sum of (x) the aggregate principal amount of Revolving Loans of such Lender (including any Affiliate of any such Lender acting as a Alternative Currency RL Lender) then outstanding (taking the Dollar Equivalent of the principal amount or Face Amount, as the case may be, in the case of any Alternative Currency Revolving Loans then outstanding) and (y) such Lender’s Dollar Percentage (or, after a Sharing Event has occurred, its RL Percentage) of the Letter of Credit Outstandings at such time.

Unutilized Revolving Loan Commitment of the Revolving Loan Commitment with respect to any Lender, at any time, shall mean an amount equal to the remainder of (i) such Lender’s Revolving Loan Commitment at such time less (ii) the sum of (x) the aggregate principal amount of Revolving Loans of such Lender (including any Affiliate of any such Lender acting as a Canadian Lender) then outstanding (taking the Dollar Equivalent of the principal amount or Face Amount, as the case may be, in the case of any Canadian Revolving Loans then outstanding) and (y) such Lender’s Dollar Percentage (or, after a Sharing Event has occurred, its RL Percentage) of the Letter of Credit Outstandings at such time.

Unutilized Revolving Loan Commitment with respect to any Bank at any time shall mean such Bank’s Revolving Loan Commitment at such time less (i) the Outstanding Amount of all Revolving Loans made by such Bank at such time and (ii) such Bank’s pro rata share of the Outstanding Amount of all L/C Obligations at such time.